Product Matrix

Fast Facts about the Home Ownership Accelerator Loan
	Description	Advantage
Loan Type	First-position home equity line of credit	Full-service checking account embedded inside the loan allows all available cash to flow against the balance until needed for investments or expenses.
Deposit and withdrawals	Unlimited. Deposit or withdraw as much and as often as you need using free online bill-pay, ATM/POS Card, electronic fund transfers, checks	With the Accelerator, your deposits go against principal first, unlike traditional home loans. All deposits are credited against your loan balance within one business day.
Interest Rate	Adjustable Rate Loan based on 1-month LIBOR index	According to independent studies, LIBOR is a consumer-friendly index, second only to COFI for long-term stability. See white paper on adjustable rate mortgages in our News and Views section.
Margins available	As low as .75% over LIBOR, up to 3.25% over LIBOR. Ask your certified agent for margin pricing.	Lower margins reduce long-term interest costs and accelerate loan payoff and equity build-up. Your agent will present the costs involved in getting low margins and run a break-even analysis to determine which margin works best for you.
Lifetime rate cap	5% over initial interest rate (index + margin)	We do not expect rates to rise dramatically in the near future, but to protect people concerned with rising rates, the Accelerator offers long-term protection with our +5% lifetime rate cap (your loan rate never exceeds the cap). We also offer an optional rate cap of just +1% for the initial 3 or 5 years.
Minimum credit line	$100,000
Maximum credit line	$2.5 million
Maximum loan-to-value	90% of appraised value
Minimum credit score required	680
States available	All states except: TX, NY, CT, ME, MS, WV, VT, MA, RI, NH, PA, NJ	Look for new states in 2008!
Statements	Online banking, and monthly paper statements detail available balance, withdrawals and deposits	You have all the information you need to track balance reduction, interest charges and other expenses, just as with your current checking account. Information may also be downloaded to Quicken and MSMoney. You will also receive a standard tax form 1098 for all the interest paid on the loan each year.