Programs

Mortgage Advisory Group offers every program available in the market to meet your needs. We work with the leading lenders in the industry to provide:

30 Year Fixed
15 Year fixed
10/1 ARM
7/1 ARM
5/1 ARM
3/1 ARM
1 Year T-bill ARM
6 Month Libor ARM
Neg Am ARM’s
Interest Only Loans
5 Year Balloon
7 Year Balloon

“Our technology and product line is top of the line and our Mortgage Advisors and support staff are the best in the business – we are the new standard in mortgage lending.”
Dave Wortham
President/Mortgage Advisor

Mortgage Advisory Group
2902 Colby Ave.
Everett, WA 98201

425-317-8000 Phone
888-317-8007 Toll Free
425-317-8003 Fax

30 Year Fixed
A fixed rate which is amortized over 360 months.

Term: 30 years Maximum Amount: $359,650
15 Year fixed
A fixed rate amortized over 180 months

Term: 15 years Maximum Amount: $359,650
10/1 ARM
An initial fixed rate of 120 months which rolls into an 1 year adjustable rate for the remainder of the term.

Term: 30 years Maximum Amount: $359,650
7/1 ARM
A fixed rate for the first 7 years which rolls into a 1 year adjustable month 84.

Term: 30 years Maximum Amount: $359,650
5/1 ARM
A fixed rate for 60 months which rolls into a 1 year adjustable month 60.

Term: 30 years Maximum Amount: $359,650
3/1 ARM
A fixed rate for the first 3 years which rolls into a 1 year adjustable month 36.

Term: 30 years Maximum Amount: $359,650
1 Year T-bill ARM
An adjustable rate loan which adjusts annually.

Term: 30 years Maximum Amount: $359,650
6 Month Libor ARM
An adjustable rate mortgage that adjusts every bi-annually

Term: 30 years Maximum Amount: $359,650
Neg Am ARM’s
Common indexes consist of the MTA, COFI, COZI, CODI amongst others. These ARM’s gives the borrower a low, less than interest only payment option which causes the potential for negative amortization.

Term: 30 years Maximum Amount: $359,650
Interest Only Loans
Interest only loans simply mean that eliminate the monthly principle payment. The borrower always has the option to make the principle payment as well but is not required to. This product is becoming very popular in the market place as it gives the borrower more control of where they are investing their capital. Some borrowers would rather apply that money towards a long term investment account which may yield more than the interest they are paying towards their home loan.

This product is offered on the Neg Am. ARM’s, 3/1, 5/1, 7/1 and 10/1 ARMs as well as the 30 year fixed loan.

Term: 30 years Maximum Amount: $359,650
5 Year Balloon
This product is amortized over 30 years but is due in full in 60 months.

Term: 5 years Maximum Amount: $359,650
7 Year Balloon
This product is amortized over 30 years but is due in 84 months.

Term: 7 years Maximum Amount: $359,650

Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $359,650 for the contiguous states, District of Columbia, and Puerto Rico or below $539,475 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $359,650 with closing costs of $6,674. Jumbo Loans (whose maximum loan amount exceed $359,650 for the contiguous states, District of Columbia, and Puerto Rico or exceed $539,475 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $4,000,000 with closing costs of $80,000. Your actual APR may be different depending upon these factors.