Ø      MINI MORTGAGE FIXED

      95% LTV Maximum Amount                $50,000.00
Term/Rates As Low AS                       9 Years 7.25%

Ø     SECOND MORTGAGE FIXED  - (Primary Residence Only*)

        Minimum Amount                                  $50,001.00    

      95% LTV Maximum Amount                 $250,000.00

      Term/Rates As low As                            7-9 Yr. 7.75 % - 10-15 Yr. 8.00 %

Ø      MINI MORTGAGE ADJUSTABLE

      95% LTV Maximum Amount                $50,000.00
Floor Rate                                            6.50 % with a 1% cap per year

                                                                  6% Cap over the life of the loan
Terms                                                   12 Years

Ø      SECOND MORTGAGE ADJUSTABLE - (Primary Residence Only*)

Minimum Amount                                 $50,001.00

95% LTV Maximum Amount                $250,000.00

Floor Rate                                            6.50 % with a 1% cap per year

8% Cap over the life of the loan

Terms                                                   15 Years

$150.00 APPLICATION FEE - NO CLOSING COST - BY APPOINTMENT ONLY

.25 % DISCOUNT IF LOAN TO VALUE IS LESS THAN 80 %

.25% RATE DISCOUNT FOR PAYROLL DEDUCTION

BEACON SCORE DETERMINES RATE FACTOR IN PLACE AT TIME OF LOAN

* Rental and Secondary property maximum is 90% LTV

** Rate based on Prime +/-.   No other discounts apply!