ARM Program Disclosure

Name:

Does this loan have a balloon?

Interest rate will be based on

Will the resulting sum be rounded?

The index is based on

Information about the index is

The current Index is the most recent figure available

The start rate is

Other information:

The interest rate is fixed for the first and can change every periods thereafter.

The first interest rate adjustment cannot increase more than or decrease more than percentage points.

The interest rate cannot increase or decrease more than percentage points at each adjustment.

The interest rate cannot increase or decrease more than percentage points over the term of the loan.

The maximum interest rate will not exceed % over the life of the loan.

The interest rate will not decrease to less than % over the life of the loan.

Other information:

The payment change frequency is

The payment cannot increase more than at each adjustment.

Notify in writing at least 210, but no more than 240, days before the first payment adjustment.

Notify in writing at least 60, but no more than 120, days before the due date of a payment at a new level.

Notify once each year during which interest rate adjustments, but no payment adjustments, have been made to the loan.

Other information:

5) Additional Features

Is the loan convertible?

Conversion fee:
Beginning conversion period:
Ending conversion period:
Days notice of intent to convert:
The maximum fixed interest rate will not exceed %.
Information regarding conversion option to fixed rate (if applicable):

Is there a demand feature?

Is the signature of the applicant required?

Other information / features:

Initial Interest Rate:

Margin:

Loan Term:

Effective date:

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