Disclosures

Back Bay Mortgage Brokers LLC arranges but does not make loans.

Conforming loans to $417,000 APR  is based on a 20% down payment or equity for a single family, owner-occupied home for a $400,000 loan amount.  Super conforming loans to $523,250 APR is based on a 20% down payment or equity for a single family, owner-occupied home for a $500,000 loan amount.  Jumbo loans APR is based on a 20% down payment or equity for a single family, owner-occupied home for a $1,000,000 loan amount. Rates shown are for a purchase transaction.  All loans offers are subject to credit approval and income qualification.

Adjustable rates mortgages also have the following terms:
5/1 ARM 2/2/5  Rate/Payment Adjustment  is Annually after initial 60 months. Annual Cap; Maximum 2%, increase/decrease at first
adjustment Maximum 2% increase/decrease annually thereafter. Life Ceiling 5% above start rate. Margin 2.25% LIBOR
7/1 ARM 5/2/5 Rate/Payment Adjustment  is annually after initial 84 months. Maximum 5% increase/decrease at first adjustment
Maximum 2% increase/decrease annually thereafter  Life Ceiling 5% above start rate.

Life Floor is Margin.  Margin is  2.25% LIBOR,  Index LIBOR: The average of Interbank offered rates for one-year U.S. dollar denominated deposits in the London market. Conversion Option Not available.

Rates are subject to change.

Mortagage Broker #MB373332