Terms and Fees

For all loan programs:

• Security: First mortgage
• Loan term: One year - no prepayment penalty
• Loan size: Minimum $50,000 / Maximum $250,000
• Points: 3 points (paid at closing)
• Interest: 12 % interest only (automatically withdrawn monthly)
• Closing costs: Borrower is responsible for all closing costs including attorney fees, title work and recording fees (all paid at closing)
• No added Fees: No application, inspection, loan servicing or other hidden fees