RATE PLUS MORTGAGE PROGRAM - Merix Financial

RATE PLUS MORTGAGE PROGRAM

PRODUCT DESCRIPTION LOAN AMOUNTS TERMS & AMORTIZATION INTEREST RATE LTV CREDIT REQUIREMENTS

PAYMENT FREQUENCY PREPAYMENT OPTION

UNITS ELIGIBLE TRANSACTIONS

INELIGIBLE TRANSACTIONS

LENDING AREAS OTHER

? The Rate Plus Mortgage (RPM) program allows clients to take advantage of competitive low interest rates and a full-featured mortgage with all the benefits

? Minimum loan amount: $ 75,000 ? Maximum loan amount: $ 1M

? Terms: Fixed 5-year, ARM: 5-year ? Amortization: 15 to 25 years

? See Fixed Rate or Adjustable Rate Mortgage product sheet ? Assumable and portable *subject to qualification

? Up to 95% LTV for insured; 80% LTV conventional

? 620+ beacon/FICO is required ? Maximum GDS/TDS:

Where beacon/FICO ................
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