Directors Financial Group - Real Estate Financing

Loan Programs

Which loan is right for me?

Years you plan to stay in the house	Recommended program
1-3	3/1 ARM, 1 year ARM or 6 month ARM
3-5	5/1 ARM
5-7	7/1 ARM
7-10	10/1 ARM, 30 year fixed or 15 year fixed
10+	30 year fixed or 15 year fixed

Loan Programs	Advantages	Disadvantages
Fixed Rate Mortgages 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

Adjustable Rate Mortgages 10/1 ARM 7/1 ARM 3/1 ARM} 1 year ARM 6 month ARM1 month ARM	Lower initial monthly payment Lower payment over a shorter period of time Rates and payments may go down if rates improve May qualify for higher loan amounts	More risk Payments may change over time Potential for high payments if rates go up

Balloon Mortgages 7 year 5 year	Lower initial monthly payment Lower payment over a shorter period of time Many balloon mortgages offer the option to convert to a new loan after the initial term.	Risk of rates being higher at the end of the initial fixed period Risk of foreclosure if you cannot make balloon payment or if you cannot refinance or if you cannot exercise the conversion option

First Time Buyer Programs	Lower down payment Easier to qualify Sometimes you may get lower rates	May be subject to income and property value limitations Some programs which have government subsidies may have a recapture tax if you sell the house too early.

Stated Income Programs	Don’t need to verify income Faster approval	Higher rates Higher down payment

No point, No fee Programs	No closing costs Less money required to close	Higher rates Higher payments

Imperfect Credit Programs	Potential for reestablishing credit if you pay your mortgage on time. When used for debt consolidation, you may be able to reduce your monthly debt payment	Higher rates Terms may not be as favorable Harder to get long term fixed loans Loans may have prepayment penalties

Home Equity Line of Credit	You only borrow what you need Pay interest only on what you borrow Flexible access to funds Interest may be tax deductible	Rates can change. The maximum interest rate is normally high. Payments can change Harder to refinance your first mortgage

Home Equity Fixed Loan	Fixed payments Interest may be tax deductible	Higher interest rates than on 1st mortgages Harder to refinance your first mortgage

Besides our standard loan programs, we also have a large number of unique programs to serve your needs:

Purchase a house with 0 down
Piggyback loans 80-10-10 or 80-15-5. No PMI payments even with 5% or 10% down.
Debt consolidation programs
Home Improvement loans
Qualify even if you may have been turned down before!

Directors Financial Group Licensed by the Department of Corporations under the California Finance Lender Law, License # 603H419: Directors Financial Group is licensed as a Real Estate Broker by the State of California, License # 01815326.

Main office licensed in Arizona as a Mortgage Banker/Broker with the Arizona Department of Financial Institutions #0116208.
Licensed in Colorado by Colorado Division of Real Estate License Number LMB100023281.
Licensed in Hawaii by the Hawaii Division of Financial Institutions #HI-177087.
Licensed in Idaho by the Idaho Department of Finance, License Number# MBL-7467.
Licensed in Illinois by the Division of Banking, License Number 6760783.
Licensed in Nevada by the Nevada Division of Mortgage Lending, License Number 3634.
Licensed in New Mexico by the Financial Institutions Division, License Number 283824.
Licensed in Oregon by the Dept. of Consumer & Business Services, Div. of Finance and Corporate Securities, License# ML-4985.
Licensed in Texas by the Texas Department of Savings and Mortgage Lending, License Number 82776.
Licensed in Washington by the Washington State Department of Financial Institutions, License# CL-177087.
Licensed in Wyoming by the Wyoming Division of Banking, License# 2158 and 2159.

Program terms and conditions are subject to change without notice. Certain restrictions and conditions will apply - not all applicants will qualify. Granting of loan is subject to credit requirements. NMLS # 177087
Address: 3242 East Coast Highway, Corona Del Mar, CA 92625, Phone: 800.796.LOAN (5626), Email: info@directorsfinancial.com
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