LOAN TYPE: AGENCY (FNMA, FHLMC)
POSITION: 1ST
RATE TYPE: FIXED
PAYMENT TYPE: AMORTIZING
LOAN LIMITS: $484,351 – $726,525
INDEX: 10-Yr Treasury
TERMS: 8-29 Yrs

ADVANTAGES:
• Maintain current mortgage trajectory
• Agency loan rates
DISADVANTAGES:
• Higher servicing payments than longer-term instruments