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Overview

Standalone & Piggyback.

Iyo HELOC chirongwa ndeyeKumba Equity Mutsetse Wechikwereti.
Index + Margin. 30 Makore temu, 10 Yrs I/O Draw Period inoteverwa ne20 Years Amortization.

* Index: Prime Mortgage Rate yakayangarara nemusika.
Margin: Zvichienderana nezvikwereti zvezvikwereti, Margin Min. 1%, Yakagadziriswa.
Hupenyu Hwakawanda Chiyero: 18%.
Hupenyu Hwose Chiyero Floor: 2.5%.

Zvikuru zvePurogiramu

1) Kwete Prepayment Chirango;
2) Hapana Mari Yegore;
3) Yepuraimari & Yechipiri imba inokodzera;
4) Max. HCLTV 85%;
5) Max. Chikwereti Mari $350,000;
6) Min. FICO 680.

Income Guideline

★Piggybacks inoteedzera zvinodiwa zvekutanga.
★Standalones: Ichangopfuura mwedzi mumwe paystub + ichangopfuura gore W2.
★Mapepa emutero anodiwa kana uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uchinge uripo

General Guideline

Kwakabva Prime Mortgage Rate link:https://www.wsj.com/market-data/bonds/moneyrates

★Max origination charge i“Max Point & Fee 5%”.

★$1.5m Max Combined Liens.
★Hupenyu Hwakawanda Chiyero: 18% kana mamiriro epamusoro uye ehupenyu hwese mwero pasi 2.5%.
★Kutenga hakukodzeri .
★Buy-down ratio:1:3 (0.125 yakadzikira pachiyero, 0.375 mutengo kumutengo. max buy-down 1.000% mu
rate.)
★Yechipiri Kutenga Kwekutenga Kwepamba Kusingabvumirwe parizvino

(1)Max DTI 43% yechikwereti Limit $250,000
(2) Cherechedzo Chiyero + 2% P&I pamusoro pemakore makumi matatu amortization seyero inokodzera.
(3)Nzvimbo/Mari Yekuvhara/Zvakachengetedzwa:
★Piggybacks: tevera yekutanga lien zvinodiwa.
★Standalones: hapana kuvimbiswa kweasset kunodiwa kana mukwereti achiwana mari yekubuda (kana zvikasadaro ipa ingangoita mwedzi mumwechete masitatimendi emvura anoratidza mari yakakwana yekuvhara)
(4)Mortgage yanonoka:0x30x24