Desert Canyon Mortgage Co., LLC

Desert Canyon Mortgage Company, LLC

'Your Reverse Mortgage Specialist'

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Tuesday 07/01/2008

30 YR FIXED CONV 6.125% - 6.383% APR

15 YR FIXED CONV 5.625 - 5.722%APR

30 YEAR FHA - VA 6.250% - 7.018% APR

RATES SUBJECT TO PREVAILING MARKET CONDITIONS

PRICING TREND = DOWN

Rates	Points	APR
We offer a full range of loan products. Each product has it's benifits and draw backs. It is imprtant that you ar aware of each. The following is a list of available programs. Government Loans - We are directly endorsed by FHA and approved by VA. Conforming Loans - These are your vanilla type loans. Usally 15 to 30 year term. Fixed or adjustable rates. Expanded Criteria - These are loans that fit Borrowers who are just outside the conforming box. These are ideal products for Borrowers that have good credit but wish not to disclose income or assets. Equity Line of Credit - This product is mostly used in tandem with a conforming loan. This allows us to eliminate the high costs of Mortgage Insurance in the event the Borrower has less than a 20% Down Payment. It is ideal for Borrowers moving into town that have property elsewhere that hasn't sold. This allows them to realize the equity in their current home and after it sells they are able to pay off the line of credit. Non Conforming - These products are designed for Borrowers or porperties that are outside the Conforming Box. The Borrower may have credit issues in the past or the property is not eligible for Mortgage insurance.

30 Year Fixed Conventional
3/1 ARM Conventional
15 Year Fixed Conventional

30 Year Fixed Conventional The interest rate is fixed for the life of the loan. The principal and inyerset payment will not change. There is NO pre-payment penalty normally associated with this loan. Term: 30 years Maximum Amount: $322,700
6.375%	0%	6.569%

3/1 ARM Conventional This loan has a Fixed initial rate for the first Three Years of the loan, after which the interest rate will adjust each year following. Term: 30 years Maximum Amount: $322,700
Rates	Points	APR
4%	0%	6.355%

15 Year Fixed Conventional Fixed interest rate for the life of the loan. The principal and interest payment will not change. NO prepayment penalty is usally associated with this loan. Most often the interest rate is .750% less than a 30 year. Term: 15 years Maximum Amount: $322,700
Rates	Points	APR
5.125%	0%	5.434%


Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $300,700 with closing costs of $6,014. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $350,000 with closing costs of $7,000. Your actual APR may be different depending upon these factors.

Only Reverse Mortgage Specialist in the Area

FHA - VA - Conventional

Less Than Perfect Credit

ZERO DOWN PAYMENT

We offer all financing options at our Lowest Price's possible.

Super Fast Approvals

Super Fast Processing

Super Human Service