PAYMENT OPTION ARM

Payment Option ARMs Rate Sheet October 16, 2007
12-MTA Index-4.758 Life Cap-9.95%
Owner Occupied LTV Max Amt. Start
Rate		 Margin Fully Indexed APR(e)
1 Month-MTA
Purchase/Refi-SFR		 80% $650,000 1.000 2.950 7.708% 6.240%
1 Month-MTA
Purchase/Refi-SFR 		90% $650,000 2.000 2.950 7.708% 6.240%
1 Month-MTA*
Purchase/Refi-SFR		 80% $650,000 1.000 2.650 7.408% 6.488%
1 Month-MTA*
Purchase/Refi-SFR		 90% $650,000 2.000 2.650 7.408% 6.494%
1 Month-MTA**
Purchase/Refi-SFR		 80% $650,000 1.000 2.025 6.783% 6.116%
1 Month-MTA**
Purchase/Refi-SFR		 90% $650,000 2.000 2.025 6.783% 6.122%
Investment Property
1 Month-MTA*
Purchase/Refi-SFR		 80% $650 K 2.750 3.950 8.708% 7.984%
1 Month-MTA**
Purchase/Rfi-SFR		 80% $650 K 2.750 3.250 8.008% 7.613%


Owner Occupied
COFI INDEX-3.756 Life Cap-9.95%
LTV Loan Amt. Min Pmt. Start Rate Margin Fully Indexed
1 Month-COFI
purchase/refi-SFR*		 90% $25-600K 2.00 3.050 7.808% 6.615%
3 Month-COFI
purchase/refi-SFR**   		 90% $25-500K 2.00 3.000 7.758% 6.617%
FORTY YEAR AMORTIZATION OPTION IS AVAILABLE


Payment Option ARM with 4 different payment options to choose from each month. Below is a spreadsheet that calculates those 4 options.
Payment Options:                           
Loan Amt.: $200,000 Minimum: $666.51
Start Rate 1.250% Int. only: $1,205.34
Index + Margin (FIR): 7.708% 30 yr: $1,427.03
Term: 30 15 yr: $1,823.70


CLTV's

Full DOC

"SISA"
80-10-10 40% DTI  "640" mid score (purchase or refi) 75-15-10 "695" mid score (purch. or refi)
80-15-5 40% DTI   "650" mid score (purchase) 70-20-10 "695" mid score (purch. or refi)
* Contains a 1 year pre-payment penalty
**Contains a 3 year pre-payment penalty.

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