| Due to the current
market environment, investor guidelines have changed and we may not be able to
offer this program at this time; please contact an AAXA Loan Advisor to check
program availability and possible alternatives.
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50 Year Home Loan Information
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| AAXA is pleased to offer a 50 year home mortgage
program. This product is essentially a 30 year fixed rate mortgage with a 50
year amortization. 50 year mortgages can be a good alternative to
interest only loans and
Option ARM programs because the rate will not adjust for 30 years and
you will slowly (albeit very slowly) pay down your principal. With interest
only loans, you do not pay down your principal and option ARMs can have
negative amortization if you only make the minimum monthly payment each month.
Our loan advisors can help sort through the pros and cons of interest only
loans, pay option ARMs, 50 year mortgages, or any other program that our
investors offer. Simply give us a call for more information and to see if a 50
year home loan is right for you. |
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Request a free 50 Year Mortgage
rate quote. |
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Call AAXA for a free consultation at 877-RATE-LOW
(877-728-3569) |
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50 Year Home Loan Program* Highlights - The “FF-50
Program”
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50 year amortization schedule |
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Ideal for large loan amounts |
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Helps keep monthly payments low while you slowly pay down
principal
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100% 50 year mortgage purchase financing available from 580
credit scores |
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Programs available for scores down to 540 (FICO) |
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1st and 2nd combo mortgage financing allowed |
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Balloon payment due at year thirty |
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Available for single family homes, condos, 2-unit homes, and
homes in planned unit developments
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Prior late mortgage payments okay
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Discharged Bankruptcies okay
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Debt to income ratios allowed up to 55%
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Other 50 Year Home Loan Options
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| This program is also available as a
2/28, 3/27 and 5/25 ARM with a 50 year mortgage loan amortization. With these
alternatives, your rate remains locked for 2 years, 3 years, or 5 years and
then begins to adjust upward after the corresponding period of time. The
benefit is that you may get a lower starting rate than with the 30 year fixed
but you risk the stability of the longer term fixed rate product. Give us a
call to see if a 50 year mortgage program is a good fit for your financial
needs. |
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| Terms and conditions may apply and program
eligibility may vary for each loan scenario. See your loan advisor for details.
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| Other fixed rate products:
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10 Year Fixed Mortgage Rate
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| 15
Year Fixed Mortgage Rate
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| 20
Year Fixed Rate Mortgage
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| 30
Year Fixed Mortgage Rate
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| 40
Year Fixed Mortgage Rate
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