LOAN TYPE: AGENCY (FNMA)
POSITION: 1ST
RATE TYPE: FIXED
PAYMENT TYPE: AMORTIZING
LOAN LIMITS: $484,350
INDEX: 10-Yr Treasury
TERMS: 3, 5, 7 and 10 Yrs, Custom

ADVANTAGES:
• Take equity out of new property within 6 weeks of purchase
DISADVANTAGES:
• LTV based on lesser of appraised value or purchase price