Teaser Rate Loans

Here is the text for the * (next to 1.00%):

We do not offer mortgage loans in New Jersey and Texas. Available programs may be limited in other states.

Start rate of 1.00% is fixed for the first 30 days. Fixed payment option is available for the first 12 months. Terms of the payment are based on a margin of 2.10% plus the 1 month MTA Index (2.022% as of February 16, 2005). APR of 4.27% and payment of $643.28 per month is based on a 30-year term, $200,000 loan amount at 1.00%, and may change if the index adjusts after the first 30 days. If minimum payment option is selected, deferred interest may accrue. Interest rate quoted assumes a credit score of 620+ with a loan-to-value (LTV) of 80% on a primary residence. The APR and payment will vary based on the specific terms of the loan selected and verification of information and credit. Rates are subject to change without notice.

All loans will be secured by a lien against your property. Not all applicants will be approved. Terms and conditions apply, call for details. AZ Mortgage Banker LIC No. 0904930; Licensed by the Dept. of Corp. under the CA RMLA; GA Residential Mortgage Lender LIC No. 17302; IL Residential Mortgage Licensee; MA Mortgage Lender LIC No. ML2206; Licensed by the New Hampshire Banking Department; LIC by the NJ Dept. of Banking and Insurance; Licensed Mortgage Banker – NYS Banking Department; PA Dept. of Banking Licensee; RI Licensed Lender; 163 Technology Drive, Irvine, CA 92618.

Loan programs are offered by Home Loan Center, Inc which is also known as Home Loan Center USA, Inc. in AL, FL, ID, MI, MN, OH, OK, VT, & WY; Online Home Loan Center in NH; LT Loans in NV; and Loan Center, Inc. in WA.

For more information:
If you still have additional questions, please call one of our friendly loan specialist at 1-800-756-0789.

Notice the "1.00% is fixed for the first 30 days." Oh no! :-(