• 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

• Higher interest rate
• Higher mortgage payments
• Rate does not drop if interest rates improve

• 10/1 ARM
• 7/1 ARM
• 5/1 ARM
• 3/1 ARM
• 1 year ARM
• 6 month ARM
• 1 month ARM

• Lower initial monthly payment
• Rates and payments may go down if rates improve
• May qualify for higher loan amounts
• 30 year term, no balloon payment

• More risk
• Payments may change over time
• Potential for higher payments if rates increase

SLS 

DOMESTIC ONLY

• NO monthly P&I payment for 5 year term
• Allows time to stabilize
  
  
  

• 50/50 EQUITY SPLIT with investors at end of term 
  
  UP FRONT FEES
  
  

• Don't need to verify income
• Faster approval
• Good for borrowers who may not qualify with a full income documentation program

• Higher rates
• Higher down payment

• You have several payment options
• Lower monthly payments
• Qualify for a higher loan amount
• Qualify at the interest only payment
• Option to pay the full normal payment
• Interest only payments for up to ten years

• Higher rates
• Principal loan balance will not decrease during the interest only payment period
• Payment will be higher for the remaining term

• Get maximum financing if all liquid assets were put in project up front
• Competitive Rates starting at 5%
• Less money required to bring at close
• Reserves can be built into loan
  
  NO UP FRONT FEES

• May require a prepayment penalty for the first one to five years for full recourse loan

• 65% LTV
• Quick Close - usually 30 days at most
  FULL DOC or STATED
  
  NO UP FRONT FEES
  

• Slightly Higher rates
• Terms may not be as favorable
• Harder to get long-term fixed loans
• Loans may have prepayment penalties

• You only borrow what you need
• Pay interest only on what you borrow
• Flexible access to funds
• Interest may be tax deductible
• A good source for an emergency fund, if set up in advance
• Can be used for debt consolidation and lower payments, business start up, purchase of REO's 
• Rates are usually lower than consumer loan or credit card rates

• Rates can change if variable. The maximum interest rate can be relatively high

         UP FRONT FEES