Cost of Savings Index

This loan is NOT a fixed rate mortgage and can adjust monthly, please read carefully to understand the benefits and disadvantages of the COSI Loan Power-Option-ARM.

CODI and COSI Loan refinancing is for everyone, Excellent to poor credit considered!! Stated income, self-employed, wage earner and full income all qualify. Borrow up to 80% with cash out on primary one-family home refinancing. Consolidate Debt or simply lower your payment, no out of pocket fees to get started!! Apply online FREE QUOTE

A generalization for the consumer: CODI & COSI receives its monies from deposit account such as Checking Accounts, Savings Accounts, 6-month, 1-year and 2-year cd deposits and lends these deposits to consumers in the form of mortgage financing offering low-rate payment-options. The interest rates in effect on these deposits are the basis for the Cost Of Deposit and Cost Of Savings Indexes.

CODI and COSI Indexes are considered the more stable indexes in the industry. Being one of the most widely used Pay-Option ARM's across the country their popularity is gaining rapidly by homeowners refinancing and real estate investors nationwide.

1% five-years of Guaranteed Payments. The CODI & COSI Loans offer guaranteed payments with a start rate of 1%.... CODI & COSI have a maximum annual payment cap that changes at a fixed rate of 7.5% of the previous years payment. This means that the payment will increase by 7.5% NOT the annual percentage rate (APR)... CODI & COSI have a lifetime rate cap that can never exceed more than 5% over the originating APR offered to you at the time of closing. The same applies for the 2.5% rate but this loan allows for Ten-Years of guaranteed payments, lock in feature remains the same...

For Example: Year-one $1000.00, year-two $1075.00, year-three $1155.00, Fixed rate lock option becomes available at the beginning of the forth year and is availalble up to the end of the seventh year or keep the cash-flow going into year-four $1241.00, year -five $1334.00 and into to year six for nine more months as well. At this stage the loan will be pushed into the Interest-only, 30-year payment or fifteen-year payment options.

The ultimate feature is the fixed rate conversion option: The CODI & COSI Loans are the only pay-option arms that offer the convertible fixed-rate-lock-option between years four and seven. This means that the lender will for a $200 processing fee convert your CODI or COSI Loan into a 30-year fixed rate Fannie Mae conforming mortgage loan with no closing costs and without having to refinance. Low payments, cash-flow, fixed rate option, what better and more realistic idea for a mortgage program can you think of.

The CODI & COSI ARM's Allow you the freedom to pick one of four payments available in your Options-ARM. (1) Deferred Interest, (2) Interest-Only, (3) fifteen-year P&I, (4) Thirty-year P&I. Yes you now have the power to control your monthly mortgage payment allowing you the freedom to pick the payment that best suits your budget...

CODI & COSI are "portfolio loans" this means that the loan will never be sold in the secondary market to another investor after you close. The lender that funds your loan will service your loan for life.

Mortgage Professionals Offering CODI & COSI Loans are limited. To find out more call us toll free at 1-888-744-2944 for a free loan comparison, you'll be glad you did!! FREE QUOTE

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