Just as your builder created a home to match your precise needs, RAM Mortgage Company can design a mortgage around your specific financial and income conditions. Listed below are some of our more popular programs:

• Interest Only ARM
You will receive a fixed rate of interest—all of which is tax-deductible—for the life of the loan…up to 30 years or more.

• Conventional Loan
You will receive a fixed rate of interest—all of which is tax-deductible— for the life of the loan…up to 30 years or more. The larger your down payment, the more likely this type of mortgage financing may be the right choice for you.

• Adjustable Rate Mortgage (ARM)
Start your new home ownership experience with lower monthly payments that will increase incrementally—along with your income and home equity—over a preset number of years.

• Jumbo
Increase your purchasing power by borrowing higher amounts that exceed the conventional limits of FANNIE MAE and FREDDIE MAC.

• No Doc Loans
As problem-solving experts, we will work with you to secure a mortgage that requires little or no income verification to put you into the home of your dreams.

• Helpful Mortgage Term: Annual Percentage Rate (APR)
The annual percentage rate (APR) is an interest rate that is different from the note rate. It is commonly used to compare loan programs from different lenders. The Federal Truth in Lending law requires mortgage companies to disclose the APR when they advertise a rate. Typically the APR is found next to the rate.

The APR is designed to measure the "true cost of a loan." It creates a level playing field for lenders. It prevents lenders from advertising a low rate and hiding fees.

The following fees ARE generally included in the APR:

• Points - both discount points and origination points
• Pre-paid interest. The interest paid from the date the loan closes to the end of the month.
• Loan-processing fee
• Underwriting fee
• Document-preparation fee
• Private mortgage-insurance

The following fees are SOMETIMES included in the APR:

• Loan-application fee
• Credit life insurance (insurance that pays off the mortgage in the event of a borrowers death)

The following fees are normally NOT included in the APR:

• Title or abstract fee
• Escrow fee
• Attorney fee
• Notary fee
• Document preparation (charged by the closing agent)
• Home-inspection fees
• Recording fee
• Transfer taxes
• Credit report
• Appraisal fee

RAM Mortgage counselors are ready to help you decide on the right financing program for your unique needs!