KENT MORTGAGE CORPORATION

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2010

Interest rates are great...in fact they are at the lowest the 30 year fixed rate has been in 30 years. We expect to have really low rates for most of 2010 with special features that help almost everyone qualify!

KENT MORTGAGE CORPORATION offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide almost any loan available. Every lender in California has the ability to offer you almost any loan program ever designed. We all get our loan funds from basically the same sources. Some lenders focus only on high risk clients, some on lower risk loans, and some on high dollar loans. Instead of advertising what we want you to buy, we provide experienced loan officers that analyze your financial needs and provide you with the best loan options available to you. There is no perfect or right loan by itself. There is, however, a perfect or right loan for your financial situation.

30 YEAR FIXED RATE CONFORMING LOANS TO $417000
SHORT TERM FIXED RATE LOANS
JUMBO FIXED RATE LOANS TO $5,000,000

30 YEAR FIXED RATE CONFORMING LOANS TO $417000 This loan features the same fixed interest rate for the entire loan period. Payments are locked in and stay the same dollar amount each month even if you send in extra payments during the loan term. Fixed loans over $417,000 have a slightly higher interest rate and are call "Jumbo" loans. Term: 30 years Maximum Amount: $417,000

Fixed rate loans are offered in a variety of packages. An extensive matrix of rules apply and each investor that offers this loan can modify those rules by changing the interest rate, fees, or a even by adding a pre-payment penalty to the loan. Typically, this loan is available with any amount of down payment from zero on up. Your credit report, type of employment, income, and assets will determine how easy it is to qualify for this loan. In most cases, we can submit this loan for final loan approval the first day we receive your loan application and get an instant loan decision.

SHORT TERM FIXED RATE LOANS There are many products available that are fixed for a short period and then change to an adjustable rate loan. The fixed rate can apply for 1, 2, 3, 5, 7, or 10 years. During that time period you make the same payment of principal and interest at the same interest rate. After the fixed interest rate period, the loan coverts to an adjustable rate loan. The shorter the fixed rate period, the lower the interest rate. Loans up to $417,000 have a slightly lower interest rate that loans above $417,000. Term: 30 years Maximum Amount: $417,000

JUMBO FIXED RATE LOANS TO $5,000,000 Jumbo loans are available with a very wide variety of programs and underwriting guidelines. Fixed rate loans do not adjust for the 15 year term and 30 year term. The payment includes both principal and interest Term: 30 years Maximum Amount: $5,000,000


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 $417,000 with closing costs of $2,700. 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 $5,000,000 with closing costs of $4,500. Your actual APR may be different depending upon these factors.