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InterestFirstSM Mortgage	If you're looking to leverage your mortgage to expand purchasing power, this mortgage offers the benefit of a low, fixed-rate monthly payment. Advantages: -- For the first 15 years, monthly payments are lower than a comparable 30-year fixed-rate loan. -- Gain control of your cash flow. -- Ideal if you plan to stay in your home no more than 15 years and want the lowest monthly payment for that period. -- Flexible cash flow for college costs, home improvements, IRA contributions, consumer debt reduction, or optional principal payments. Details: -- For the first 15 years, you pay only the interest due every month. -- Any prepayments will reduce your principal balance and reduce future monthly payments. -- Prepayment of principal may be made without penalty. -- Payment adjusts at the start of year 16 to cover all interest and principal due on the loan for the remaining 15 years. -- Monthly payment is fixed during years 16 through 30.
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