 The different loan programs recommended have the following characteristics: Self-explanatory, fixed for fourty years. Self-explanatory, fixed for thirty years. - 3 OR 5 YEAR FIXED:YEARS FIXED:
Fixed for the first three or five years and converts into a one-year variable for the remaining term of the loan. That rate will be determined at the conversion period and will be subject to market conditions. This program has the option of paying interest only. | | This program allows the borrower to select any of three payment options every month; Full repayment, interest only or minimum payment at a rate of 1.0%. One of the many advantages of this program is that it allows the borrower to pay according to his cash flow. These programs are available at 80% of appraised value or purchase price, whichever is less, and with no income certification. There are other programs available, which would need to be considered on a case by case basis according to the circumstance. U.S.DOLLAR or MULTI-CURRENCY LOAN OPTIONS ARE NOW AVAILABLE FOR MOST STATES IN THE U.S.A. | Current T Bill Indexed Rate: 5.00%
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Sterling loans are mortgage loans tailored to UK mainland residents only where you pay your monthly installments in British Pounds in the UK for your property in the US. They are for 5 years to 25 years term and can be 20% down with full income certification and 25% down and over self certification. These loan programs have no early redemption penalties, no mortgage repayment reserves required, no lien on UK property, gifts from family members for down payment permitted, interest only option on all products for entire term of the loan, fully US tax deductible mortgage interest payments and payment holidays available subject to conditions. The different Sterling Loan programs are as follows: UK Variable Base Rate (at present time 5.75%) plus 2.74%. Initial rate of 6.74% with reversionary rate of UK Variable Base Rate plus 3.24% after first year at which time becomes a Flexible Tracker. Fixed rate at 7.74% with reversionary rate of UK Variable Base rate plus 3.24% after the second year at which time becomes a Flexible Tracker. Fixed rate of 7.99% with reversionary rate of UK Variable base rate plus 3.24% after third year at which time becomes a Flexible Tracker.
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Please do not hesitate to contact us . As always, there is NO cost or obligation to find out what we can do for you. |