GO MAXFLEX!
Max Payment Flexibility

Take a moment to learn more on the MaxFlex.
Your approval is fast, easy and simple.

Call 517-586-4030 or fill out the "Fast Apply"

You make the choice
Having your choice of payment makes it easier when your budget is tight or when you want to do something else with your money.
Maybe pay off high interest debt, make home repairs, or other unforseen expenses. The choice is yours. The payment option is yours.

How MaxFlex works

Minimum Payment:

• The minimum payment is the lowest payment option available.
• Your minimum payment is calculated based on your interest rate minus 3 percent for the first five years.
• This option is available for the first five years or until the loan reaches the maximum limit of 115% of the value of your home (New York is 110%), whichever occurs first.
• If you reach your maximum limit, your minimum payment automatically converts to an interest only payment.

Interest-Only Payment: 

• The interest-only payment is the minimum amount required to repay the full interest that is due each month based on the current rate and current loan balance.
• Interest-only payments can be made anytime during the first 10 years of the loan. After the 10th year, the loan becomes a fully-amortizing six-month adjustable rate mortgage with a 20-year amortizing period.

30-Year Amortization Payment:

• The 30-year amortizing payment is the amount needed to payoff your loan in 30 years, based on the initial fixed interest rate and current loan balance.

15-Year Amortization Payment:

• The 15-year amortizing payment is the amount needed to payoff your loan in 15 years, based on the initial fixed interest rate and current loan balance.

How the Sensible 2/28 or 3/27 Arm works

• You can pay interest-only payments for 2 or 3 years.
• You can choose to pay more toward your principle at any time.
• After the 2 or 3 year interest-only period, you pay principle plus interest
• The interest rate can only adjust every 6 months after the fixed rate period.

Why is the minimum payment so low?

• The minimum payment is the lowest of the four payment choices available. When you choose to pay the minimum payment, you're paying less than the full interest that is due for that month. By deferring your interest, the unpaid interest is added each month to your outstanding principal loan balance.
• If you defer payment of interest, your outstanding loan amount could exceed the value of your home. This may affect your ability to refinance your loan or sell your home since you will owe more than what your home is worth. A higher loan amount may also result in larger payments down the road.

What are the benefits of such a low minimum payment?
Everyone's situation is different, but here are some examples of when you might choose the minimum payment option to increase your cash flow:

• If you're paid on commission or tips, your income fluctuates from month to month, or if you live in a high-cost housing area, and you need to pay off other bills.
• If you experience a sudden financial emergency and need more money too during that time.
• If you wanted to make a high-return investment, put money aside for your children's college tuition, contribute more toward your 401k plan, or buy an investment property.

Even if you always pay the full principal and interest payment each month, the MaxFlex gives you the flexibility to choose a lower payment at any time. Other "option ARM" mortgages with deferred interest (which is also known as negative amortization) adjust monthly, meaning the interest rate can increase quickly and significantly. But the MaxFlex loan offers you a fixed rate for five years! There's no need to worry about your rate going up.

Who it's for

• Those who don't have a fixed income (such as sales people or self-employed people).
• Those looking to consolidate debt and who need the payment flexibility for when money is tight.
• People who own second homes or rental properties.
• People who believe their money has a better use than being tied up in their mortgage payment.

Victor Bals and Jim Lasota will Make it Fast, Easy and Simple

• Save time. No long forms to fill out.
• Expert advice. We are a mortgage broker. We find the right loan for you and shop the rates for you.
• Fast. Our 24 hour approval will enable you to react quickly to your situation.
• Convenient. We will come to your home, business, or wherever necessary to take care of our clients.

Victor Bals and Jim Lasota will help you sort through more than 100 different brokers and programs options to find the fixed rate mortgage that will best suit your short and long term financial needs and lifestyle.

(Secure / No Obligation / Free Expert Advice)



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