Rather invest your money in high-yield and tax-deferred savings? Need extra cash to pay off high-interest, non-tax-deductible consumer debt?

Enjoy the benefits of homeownership today, while still funding your plans for tomorrow. With our 5/1 and 7/1 Interest-Only Adjustable Rate Mortgages* (ARMs), your monthly payment consists of interest alone, with no principal, for the first five or seven years.

This loan program offers:

• Reduced monthly payments
  Monthly payments consist of interest alone for the first five or seven years.
• Financial diversity
  Your cash flow can be redirected to supplement savings or investment funds, maximize contributions to a 401k, or pay off any higher-cost, non-tax-deductible debt.
• Greater tax deductions
  During the interest only payment period, you may benefit from larger interest deductions.**
• Flexibility
  Principal payments during the "interest only" period are not required.

Recommended for people who:

• Are very focused on money management.
• Want to reduce their monthly mortgage payment.
• Do not intend to be in their homes more than a few years.

Disclaimer
*Fixed rate for the first five or seven years, then becomes a one-year ARM.
**Consult your tax advisor regarding the deductibility of interest.