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DOCUMENT TYPES	FIXED RATE PROGRAMS	VARIABLE RATE PROGRAMS
FULL DOCS Income is proven using w-2's, 1099's, tax returns, or retirement or disibility statements. LIMITED DOCS Income is proven using bank statements. Programs range between 3 and 12 consecutive months statements. STATED INCOME Income does not have to be proven, only proof of self employment, or verification of employment. NO INCOME Income and employment are not verified, nor required.	10 Year Conventional 15 Year Conventional 20 Year Conventional 30 Year Conventional 40 Year Conventional 80/20 Combo 75/25 combo Interest Only Options My Community 100 My community 97 Home Possible 100 Jumbo 10 Year Alt A 15 Year Alt A 20 Year Alt A 30 Year Alt A 15 Year Non Conforming 20 Year Non Conforming 30 Year Non Conforming 40 Year Non Conforming 50 Year Non Conforming	1/1 Conventional 3/1 Conventional 5/1 Conventional 7/1 Conventional 10/1 Conventional 80/20 Combo 75/25 combo Interest Only Options Jumbo 1/1 Alt A 3/1 Alt A 5/1 Alt A 7/1 Alt A 10/1 Alt A 2/28 Non Conforming 3/27 Non Conforming 5/25 Non Conforming 2/38 Non Conforming 3/37 Non Conforming 5/35 Non Conforming 2/48 Non Conforming 3/47 Non Conforming 5/45 Non Conforming

STAND ALONE SECOND PROGRAMS

HOME EQUITY LINES	FIXED RATE	VARIABLE RATE
Up to 100% LTV Interest Only 10 & 15 Year Draw Periods Cash Out Debt Consolidation	30/15 30/30 Up to 100% LTV Interest Only Option Cash Out Debt Consolidation	30/15 30/30 Up to 100% LTV Interest Only Option Cash Out Debt Consolidation

FAQ's

Q:What is a fixed rate mortgage?
A: A mortgage in which the interest rate remains the same throughout the term.

Q:What is underwriting?
A: The process of making a decision to approve a mortgage loan.

Q:What are discount points?
A: Prepaid interest that is paid at closing. One point is equal to 1 percent of the loan.

Q:What is Debt-To-Income Ratio?
A: Also called DTI, this is the ratio between the borrowers income and their liabilities

Q:What is an ARM?
A: This is an adjustable, or variable rate mortgage where the interest rate will adjust periodically based upon a predetermined index.

Q:What is LTV?
A: This is the loan to value ratio between the loan amount and the purchase price or appraised value.

Q:What is PITI?
A: This refers to the monthly payment; principal, interest, taxes, and insurance.