LOAN FEATURES

Many lending institutions offer features that allow you to customize these independent loan programs to meet your specific needs. We have defined these as features because they are available on most programs, however they are not required. These features, if a subject of interest, should be discussed with your loan officer in depth because of the dramatic changes they have on independent loan programs.

Interest Only

Bi-weekly payment

Impound Accounts

Prepayment Penalties

Private Mortgage Insurance(PMI)

Lender Paid Mortgage Insurance (LPMI)

Fixed Rate Advance Option (FRAO)

Balloon Payment