The Smart
Choice Mortgage is offered to qualified
borrowers with an introductory rate of
1%
with a corresponding
APR of
3.68%.
The Mortgage gives you the borrower control of
your monthly cash flow by giving you 4 monthly
payment options:
-
The minimum payment (if it does not cover
all the interest accruing on the note
monthly, that interest is added to
principal)
-
Interest Only Payments
-
A 30 year Principal and Interest Payment
-
A 15 year Principal and Interest
This is the
only loan in the market that provides the you
the borrower with control, choice and
flexibility. In essence, your home becomes a
source of low-interest cash. The savings
generated monthly can be deployed to do other
things or re-invested to pay down the principal.
The loan is especially ideal to business
owners and self employed
professionals whose cash flow varies from
month to month. It’s also ideal for
real- estate investors wishing to
hold an appreciating asset for the least amount
of money to later sell for a profit. The loan
requires 20% downpayment for loans up to
a million dollars. Maximum loan amount is
$10Million. The loan makes sense for a short
term borrower because with a 1% Start Rate, you
can payoff the loan in a year or two and have
paid minimal interest. For a long term holder,
the loan takes 5 years before it reaches its
fully indexed rate. The variable is the Index.
The margin on the loan does not change.
The Smart
Choice Mortgage is based on an average
of the One Year Treasury Bill. The
payment is fixed for one year and goes up every
year by 7.50% if rates trend higher. If your
payment this year is $1000, next year it will be
$1075 and so on for Five years. If rates trend
lower, the payment will also decrease by 7.50%
every year. The lifetime cap on the loan rate is
9.95%.
Loans that
are over 1.5Million have a Start Rate of
2.25%. The loan gives you many options to
save you money. Simply apply online or
give us a call today at
1 888 564 4145.
|
Loan Amount ($) |
Min. Monthly Payment |
|
$200,0000 |
$643.27 |
|
$300,000 |
$964.91 |
|
$400,000 |
$1286.55 |
|
$500,000 |
$1608.19 |
|
$600,000 |
$1929.83 |
|
$700,000 |
$2251.47 |
|
$800,0000 |
$2573.11 |
|
$900,000 |
$2894.75 |
|
$1,000,000 |
$3216.39 |
|
$1,500,000 |
$4824.59 |
|
$1,800,000 |
$6880.42 |
|
$2,000,000 |
$7644.92 |
|
$2,500,000 |
$9556.15 |
ADDITIONAL
LOAN PROGRAMS AVAILABLE
(a)
15 or 30 yr fixed loans
(b)
Hybrid Arms like the 1yr, 3yr,
5yr and 7yr Fixed. The rate here is fixed for
the period chosen and then fluctuates.
(c)
100% Financing for Purchase and
Refinance
(d)
Low Documentation to No income
verification loans up to 100% Loan to value.
Credit problems are entertained.
(e)
Construction to Permanent
Financing.
(f)
Lot Loans.
(g)
Home Equity Lines of Credit
(h)
Investment Properties
COMMERCIAL LOANS
KB
Capital Mortgage provides financing for all
types of commercial properties which include the
following:
(a)
Strip Retail (anchored or
unanchored)
(b)
Office buildings
(c)
Multi-family dwellings
(d)
Gas Stations
(e)
Hotel/Motel/Hospitality
(f)
Adult Living Facility
(g)
Self Storage buildings
(h)
Mobile Home Park
(i)
Warehouse/Light Industrial
(j)
Land
COMMERCIAL LOAN UNDERWRITING PROFILE
Loan
Term: 1, 3, 5, 7, 10, 15, 20 years
Standard
Loan to Value: 80%
Minimum
DSCR: 1.20X
Maximum
amortization: 30 yrs
