12 MAT, PICK-A-PAYMENT loan, 1% start rate.

For fast
answers

on zero down,

interest only
loans, and all
other types

of purchase and
refinance
mortgages...

in all 50 states.

The 12 MAT, or PICK-A-PAYMENT,

or (.95%) 1% Start-Rate, Mortgage Loan.

...for fast, hassle-free, 12 MAT ARM loans.

The 12 MAT (MAT is simply a variation of MTA
which stands for Monthly Treasury Average) is an
excellent loan program. Sometimes called the
"PICK-A-PAYMENTsm" loan, it allows borrowers to
design their own payments by providing four
different payment options each month.

The four different payment options are:

1) Low Start Rate Payment Option. This payment
is based on the start rate, which can be as low as
1%, and a 30-year amortization term.

For additional cash to invest, to payoff high interest
credit cards, or to simply use as needed, you can
select this great payment option.

2) Interest Only Payment. This payment is based on
the fully indexed rate which is an ARM. This payment
will only appear if the low start rate payment does not
satisfy all interest due for the month. This option will
cover only the interest due on the loan. The principle
balance will not change if this option is selected. If
this payment option appears, electing the low start
rate payment option will result in deferred interest on
the loan.

3) 15-Year Fully Amortizing Payment. This payment
is based on the fully indexed rate and a 15-year
payment schedule. The principle balance will change
if this option is selected. This option was designed to
let the borrower pay off their loan in 30 years. For
faster equity building, quicker payoff and interest
savings this is the preferred loan program.

4) 30-Year Fully Amortizing Payment. This payment is
based on the fully indexed rate and a 30-year payment
schedule. The principle balance will change if this
option is selected. This option was designed to let the
borrower pay off their loan in 30 years.

Based on the Monthly Treasury Average (MTA), the 12
MAT is not affected by the volatility of daily interest
movements. That's because the MTA is a 12-month
average of the monthly yields on U.S. Treasury
securities. Each month the MTA index adjusts to reflect
the previous 12-month average, thus avoiding the
sharper fluctuations of other volatile indices.

An Adjustable Rate Mortgage (ARM) that's very stable.

The 1% start rate is available to all owner-occupied
purchases and refinances where the loan-to-value ratio is
80% or lower... meaning in a purchase, the borrower
would need a downpayment of 20% or more. Full doc,
stated income and NINA (No Income, No Asset)
documentations can also qualify for the 1% start rate.

A 2% start rate is available to owner-occupied and
(NOO) Non-Owner Occupied purchases and refinances
where the loan-to-value ratio is 80% or greater

The 12 MAT, PICK-A-PAYMENTsm loan in a nutshell...

Additional Features and Specs...

-- 80% Full Doc, Purchase, Primary Residence up to
$1,000,000.

-- 80% Stated Income, Cash Out Refinance, Primary
Residence up to $650,000.

-- Stated Income now available for Cash Out on
Second Homes and Investment Properties.

-- 660 minimum decision credit score for NINA on
Purchase, No Cash Out and Cash Out Refinance.

-- NINA now available on 2-Unit Properties up to
$1,000,000.

-- Up to $1,000,000 Cash Out.

-- Loan Amounts up to $2,500,000.

-- 9.95% life cap for all transactions.

-- Decision midscore FICO's as low as 620.

--Owner, non-owner, second homes eligible.

--1-4 units eligible.

-- Purchase, rate and term, and cash-out refinances.

-- Full doc and stated income programs available.

The 12 MAT mortgage loan is ideal for...

Self Employed / Commissioned Borrowers...

Fluctuating monthly or seasonal income need not affect
one's lifestyle.

Move-up and First-Time Home Buyers...

Provides buyers with more home buying power with the
low start rate and interest-only payment options.

Borrowers with Consumer Debt...

Earlier payoff of higher interest rate debt; some of
which may NOT be tax deductible; such as vehicle
loans and credit card debt.

The 12 MAT loan's benefits are...

--An inexpensive way to borrow money. Money borrowed to
finance your home is the cheapest money you can borrow!
Interest rates on mortgage loans are typically much lower than
on other loans, AND the interest is tax deductible. A 12 MAT
mortgage allows borrowers to leverage their mortgage debt,
so they can pay more pressing expenses like high-interest
credit card debts, reorganize finances or invest money for
retirement.

--Flexible Payment Options. The four (4) payment options
each month allows borrowers to remain flexible in case of
unexpected financial needs (i.e. job loss, medical crisis,
divorce, etc.). The low, start rate payment and interest only
payment options allow borrowers an opportunity to maximize
their cash flow by allowing them to keep on hand more cash
each month for other expenses... to invest, start a business, or
to accelerate the pay-off of more expensive, non-tax deductible
debt. The 12 MAT loan gives borrowers control over how they
pay their mortgage... so they can do what makes sense for
them.

Why choose the 12 MAT, PICK-A-PAYMENTsm loan?

The 12 MAT loan is flexible and allows the borrower to decide
whether they would like to match their loan payments to the
variable or seasonal income they may have, or whether they
would like to put more monies into a business, investment, or
a large expense such as college tuition. The 12 MAT loan is a
product designed to help borrowers achieve their financial
goals.

Why use Mortgage Match?

Even though the mortgage industry is ultra-competitive, the
difference in personal service can be startling. And, can make
or break your opportunity to obtain the best loan available...
as well as the loan you really want. Mortgage Match employs
the services of some of the most experienced, successful
and sought after senior loan consultants in the business
today.

Mortgage Match will always go the extra mile to get the job
done. And, getting the job done successfully on all levels
has been a positive, life-changing experience for many of
our clients. It's a job we take very seriously.

Get preapproved for the lowest rate, 12 MAT loan available
anywhere... Mortgage Match always goes the extra mile, and
always works hard to get you the loan you want...

click here to get preapproved!

Pick-A-Payment is for the first time homebuyer, self-employed
business owner or someone who would like a loan with a
lower payment and pay less interest

It is an adjustable rate, and the highest rate ever during the
past 12 years was only 8.75% which occurred October 1995*
Rates and APR subject to change on a daily basis, and are
partially based upon your own credit score. *Rates and APR
subject to change, because interest rates/APR and loan terms can, and
do change daily.

-- There is an annual 7.5% cap. For example, if your monthly
payment is $1000.00 this year, then next year that payment can
not go up any higher than $1075.00 (which is a payment
increase of 7.5%)

-- Available on Refinances or Purchases.

-- Sometimes after the 3 - 5 years it can be converted to a 30
year fixed.

-- It can also have a true bi-weekly option. Each and every 2
weeks it reduces your principal, unlike other companies
programs which only reduces the principal less often.

-- Can be available if you had a bankruptcy 2+ years ago, if you
are w-2 employee.

-- Can be available if you had a bankruptcy 5+ years ago, if you
are stating your income.

Our Option ARMs offer you the most flexibility when qualifying
for a loan, then put you in control of your finances when you
start making payments. Manage your money the way you
want with up to four payment options each month.

Options available with the PICK-A-PAYMENTsm loan...

The COSI index - Instead of the MTA, this unique, slow-
changing index is based on checking, saving, and cds, and is
only available on the pick-a-payment 1.5% loan. The historic
stability of the COSI index means that changes will be much
smaller and more gradual than you see with other indexes
such as the incredibly volatile LIBOR . It's an index with built-in
shock absorbers. It's the index Mortgage Match recommends.

The Fixed Rate Conversion Option- No other lender offers this
type of chance to put your concern about uncertain rates to rest.
When you take advantage of this option, a single phone call and
small $200 fee lets you have control over your loan's future.
Peace of mind, without any hassle.

The Equity Builder True Bi-weekly Option. Gain equity more
rapidly, own your home years sooner, and save thousands of
dollars in interest over the life of a loan compared to a similar
30-year monthly payment adjustable loan. The equity builder
loan, unlike many biweekly options, puts the money to work
immediately, meaning you will see savings immediately too.
Convenience that makes clear financial sense. No monthly
fees. Payment is applied every 14 days.

Other guidelines...

Stated income and full w-2 income are the same interest rates.

Self-employed but stating income: Required to be for two or
more years. You may prove it pretty easily by a business card or
even a yellow pages ad from two years ago.

W-2 employee but stating income: If you are a W-2 employee,
but you do not want to prove your income you can state your
income. A telephone call is placed to your employer just to verify
you are working there and when you started, but no verification
of your income.

Stated income: (90% LTV)

Need 10% down and a middle credit score of 695. There will be
a 75% PICK-A-PAYMENTsm 1st mortgage, and a 15% 2nd
mortgage ARM interest only.

W-2 income: (95% LTV)

Need 5% down and a middle score of 640. There can be an
80% PICK-A-PAYMENTsm 1st mortgage, and a 15% fixed for the
2nd mortgage at 9.95% fixed.

How the PICK-A-PAYMENTsm loan works monthly...

Example: $200,000 loan amount...ption arm <PickAPayment.htm

Each and every month you will be given these same four choices
to pick from. This is also known as an Option Arm mortgage.

The interest rates and APR depicted were chosen at random and
do not imply these terms are currently available to any borrower.
The primary purpose of this example is to illustrate the payment
options provided by the "Pick a Payment" loan...

Choice #1- $666.50 (1.25% ARM/Adjustable) (1.454%APR)

Choice #2- $779.50 (4.677% interest only payment) (4.856%APR)

Choice #3- $1,034.51 (4.677% pays down principal just as a 30
year mortgage does) (4.926%APR)

Choice #4- $1,548.14 (4.677% pays down principal just as a 15
year mortgage does) (5.110%APR)

More features of the PICK-A-PAYMENTsm loan...

People are asking...

Q.- Can a 12 MAT, Option ARM loan be used for a "zero down"
purchase?

As of May, 2005, the answer is YES!. The highest LTV available
for a purchase using the 12 mat or "pick a payment" loan is
now 100%... to learn more about this new development, please
click here!

Q.- How can I best determine if a PICK-A-PAYMENTsm loan
is good for me?

Truthfully, it's very doubtful you will be able to make this
determination by going from mortgage website to mortgage
website. The best information available... is the information which
pertains specifically to you and your borrowing profile.
Consequently, you should explore getting preapproved for a
12mat, option arm loan...or whatever your loan of choice is.
Whether you decide to utilize preapproval here at Mortgage Match,
or another mortgage website, preapproval should be free, fast,
non-intimidating and completely without obligation. If your
preapproval is approached properly, you will know your interest
rate, your monthly payment, your loan costs, and how much
mortgage you can afford... if you're not exactly sure. You will
normally have the answers to these questions within 24-hours.
And usually, a brief and friendly 5 to 10 minute phone conversation
is all that the preapproval process requires.

...for fast, hassle-free, 12 MAT, PICK-A-PAYMENTsm loans.

For further information about 12 MAT, PICK-A-PAYMENTsm

mortgages, please see this page.

For further information about 12 MAT, PICK-A-PAYMENTsm

mortgages, please see this page.

More info on 12 MAT mortgages...

PICK-A-PAYMENTsm and EQUITY BUILDERsm are protected
service marks of Golden West Financial Corporation.

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