LOAN TYPE: PORTFOLIO
POSITION: 2ND
RATE TYPE: FIXED
PAYMENT TYPE: AMORTIZING
LOAN LIMITS: $50,000 – $500,000
CLTV Limit: 100%
INDEX: N/A
TERM: 15, 20, 25, & 30 Yrs

ADVANTAGES:
• Borrow up to 100% of the equity in the home
DISADVANTAGES:
• Higher fixed rates than Agency loans