3 Year Step Down
This product is an unbeatable solution if you’re seeking the comfort of a longer term nonconforming mortgage while not being tied into a 25 year product. This product also offers attractive interest rate discounts during the loan term as a reward for good loan conduct.
Product advantages include:
- Highly competitive interest rate and fees.
- A substantial interest rate reduction over the three year loan term as a reward for good loan conduct.
- The interest rates and fees are not affected by credit issues or loan arrears.
- CRAA issues – acceptable with a satisfactory explanation.
- Loan arrears - acceptable with a satisfactory explanation.
