THE EQUITYMAX REFINANCE PROGRAM -- OPEN TO ANY BORROWER OF A NEW OR
	EXISTING EQUITYMAX LOAN.  CONTACT YOUR EQUITYMAX PROFESSIONAL TODAY!
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1.	3/1 ARM, Interest-only, fixed for 3 years. Starting 4th year, adjustable, with 2% cap each year, and 6% cap over lifetime of loan.
	Adjustment is based on LIBOR+ 3½%.
2.	30-year term.
3.	7.25%* start rate, plus the greater of 2 points or $3,500**.
4.	LTV: Up to 75% of appraised value**, Lender to choose appraiser.
5.	Seasoning: 90 days after original purchase.
6.	Property types: 1-4 unit residential. No condos, townhomes, or properties with condo associations. Fee-simple ownership required.
7.	Geographic area: Broward and Palm Beach Counties
8.	Documentation: Full Doc
9.	Minimum mortgage amount: $150,000.
10.	Borrower may borrow in any legal entity. Personal guarantees will be required.
11.	Closing costs may be rolled into the loan.
12.	Credit: 600 minimum middle score required.
13.	Cash out allowed. Insurance paid one year in advance. Escrows optional.
14.	Reserves: 2 months PITI Subject Property.
15.	Prepayment penalty: 3-Yr. (3,2,1). Prepay Buy-out: 1 point, payable at inception.
					Full Doc Rate Adjustments
	LTV		<=50%		50.01% to 60%		60.01 to 65%		65.01 to 70%		70.01 to 75%
	Credit Score
	700 +		-		-		-		-		0.25
	660-699		-		-		-		0.5		0.75
	620-659		-		0.25		0.5		0.75		N/A
	600-619		0.5		0.75		1		N/A		N/A
	*Expressed rate could change or not be available at commitment or closing. **Sufficient equity and/or a higher rate or points may be required.