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MTA Financing

MTA financing products are flexible. MTA financing products are used on my home and investment property 

MTA financing products help manage monthly income and expenses, referred to as "cash flow". Income varies monthly and unplanned expenses come up when  least expected. For many, our mortgage payment  is our largest monthly expense, and the least flexible. MTA financing products are designed to give greater control over your mortgage payment. You can choose one of four payment options monthly based on your specific cash flow needs.

        Minimum Payment    A payment is set for 12 or 60 months at a reduced rate. The minimum payment rate for the 12 month option is 1.00% and the 60 month option is 1.90%. This option maximizes cash flow and may also defer payment of interest on your mortgage allowing greater flexibility in managing your tax deductions. Plus, this minimum payment can not increase by more than 7.5% each year Read more about the important tax consideration of MTA financing of  these mortgages. If you have concerns over deferred interest, read more about the small amount of appreciation required to offset it.

        Interest Only Payment    Defer paying principal and improve your cash flow. This option is not available if the interest only payment is less than the minimum payment.

        Fully Amortizing Payment Options    You have the ability to make a principal and interest payment based on a 30 year or 15 year payment schedule. I have included an MTA Mortgage statement as well.

The Cash Flow Arm series allows you to choose your index based on your own needs. You can chose from the 1 month LIBOR (London Interbank Offered Rate) or the MTA (12 Month Treasury Average).

Here is a 10 year average comparison between a 30 year fixed and fully indexed LIBOR, MTA, COFI, and the 1 year Treasury Index in chart form.

Additional Options    If you want the additional security of a fixed payment while still taking advantage of the extremely low MTA mortgage payment rate, there is a 5 year fixed payment option. With the 5 year Fixed Payment, you have a fixed minimum payment for five years. You still have the four payment options to select from to manage cash flow. And, you may increase the term of your loan from 30 to 40 years lowering your payment even further. LTVs are up to 100%!

The Minimum Payment Advantage    The example below is based on a $400,000 mortgage. It compares a traditional 30 year fixed rate payment based on the above 10 year average to the minimum payment available on the MTA mortgage based on the 10 year average. Assumes that the Minimum Payment increases by the maximum 7.5% per year.

                    30 Fixed                    Cash Flow Minimum                 Monthly Savings                    Annual Savings

Year 1        $2,855                                $1,287                                        $1,586                                    $18,816
Year 2        $2,855                                $1,384                                        $1,471                                    $17,652
Year 3        $2,855                                $1,488                                        $1,367                                    $16,404

                                            Savings over 3 years        $52,872
                                            Savings invested at 8%    $56,885

Learn more about MTA financing closing costs.

I have developed an Adobe document detailing how this new program works. Send me an email requesting a copy of "Understanding MTA Financing".

I have added a website dedicated solely to MTA Financing.

Here is a useful MTA financing payment calculator

Read very important information about MTA Financing Prepayment Penalties

As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your consumer and mortgage debt is structured today can have a life changing effect in the years to come.  Read more about this free, no obligation service.

    MTA FinancingPrequalify for your MTA Financing

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