MILA adds pay option ARM MortgagePress.comMILA Inc., pay option ARM, AccessPoint
MILA Inc., the e-commerce
mortgage provider also doing business as Mortgage Investment
Lending Associates, has added a pay option ARM to its diverse
portfolio of residential loan products. The pay option ARM joins
the recently released APEX family of products, which includes full-
and no-doc, no-ratio and jumbo loan programs for borrowers who fall
between prime and non-prime categories.
The pay option ARM has been integrated into MILA's AccessPoint
loan fulfillment and process management platform and can be
selected in the system's side-by-side comparison menu in the
"Choose Program" step.
Terms for MILA's pay option ARM can be found in all
state-specific rate sheets. Highlights of the product include loan
amounts to $1.5 million, full-doc and stated income, owner and
non-owner occupied properties, FICO scores as low as 625, up to 90
percent LTV/CLTV and purchase money and refi.
MILA Inc. is a nationwide e-commerce mortgage solutions
provider. For more information, call (800) 332-MILA or visit www.mila.com.