Increase Cash Flow with a 1.95% Payment Rate!
At Jon Alan Associates, we specialize in loans that allow homeowners to maximize their housing dollars. It's all about cash flow and options. Today, we're helping qualified applicants secure a Cost of Savings Index (COSI) loan with payment rates as low as 1.95%. The mortgage is an adjustable payment (not rate!) loan that uses a Cost of Savings Index (COSI).

The COSI index is comprised of a rolling average of the following rates within the bank:

Checking w/Interest
Passbook Savings
3, 4, 5 Year CD’s
The current index, combined with a margin, comprises the fully indexed note rate. The index changes monthly, while the margin remains fixed for the life of the loan. The index has shown to be extremely stable over the last ten years and has attracted more and more borrowers to this type of loan.

Loan Advantages

Key advantages of this loan are:

1st year payment rates start as low as 1.95% up to $750k loan amounts
1st year payment rates as low as 3.25% from $750k to $900k
4 payment options each month, minimum, 15/30 year amortization, or any amount you chose over minimum
Bi-Weekly auto withdraw can reduce term to under 25 years
The components of the index have been decreasing, which lowers the fully indexed rate
Free Escrow waivers
Reduced Documentation available to 90% Loan to Value
Full Documentation Purchase Mortgages to 95% Loan to Value
Cash out to 90% Loan to Value

Cost of Savings Index