Programs

1st Mortgage Financial Group, Inc.

Programs

The following are programs that may be considered for your mortgage related needs:

PROGRAMS	ADVANTAGES

Fixed Rate Mortgages 40 year fixed 30 year fixed 15 year fixed	Monthly payments are fixed over the life of the loan Interest rate does not change Protected if rates go up Can refinance if rates go down

Adjustable Rate Mortgages 10/1 ARM 7/1 ARM 3/1 ARM 1 year ARM 6 month ARM 1 month ARM	Lower initial monthly payment Lower payment over a shorter period of time Rates and payments may go down if rates improve May qualify for higher loan amounts

Balloon Mortgages 7 year 5 year	Lower initial monthly payment Lower payment over a shorter period of time Many balloon mortgages offer the option to convert to a new loan after the initial term.

First Time Buyer Programs	Lower down payment Easier to qualify Sometimes you may get lower rates

Stated Income Programs	Do not need to verify income Faster approval

No point, No fee Programs	No closing costs Less money required to close

Imperfect Credit Programs	Potential for reestablishing credit if you pay your mortgage on time. When used for debt consolidation, you may be able to reduce your monthly debt payment