MTA Index / MTA Mortgage

12 MTA - Moving Treasury Average Adjustable Rate
Mortgages from Continental Pacific Financial
Get a lower, more attractive initial interest rate plus payment flexibility!

The 12 MTA offers these great features:

Low initial start rates. The 12 MTA offers a low, fixed interest rate for the first three months. Beginning with the fourth payment, the interest rate adjusts monthly. *Then, after adjusting, the monthly rate is often lower than the current fixed rate.

Three payment options. Beginning with the fourth payment and going forward, the borrower(s) can choose the payment option that best fits their current financial situation.
1. The Full-Payment Option - principal and interest.
2. The Interest-Only Option.
3. The Deferred-Interest-Only Option - the borrower(s) pay less than the actual interest due each month, which allows for a very low monthly payment.

Cash management flexibility. Lets the borrower(s) keep their money available for other uses.

Low margin plus stable index equals low interest rate!

Low lifetime cap.

Plus, a 3-year prepayment option is available, which can lower the interest rate even more!

The 12 MTA may be right for those borrowers who:

Like having the option to choose when they make larger or smaller payments.

Want more control over their cash management/payment strategies.

Is self employed, work on commission or have wide variances in their monthly income.

Need a loan to purchase a home or refinance to lower monthly payments or cash out to payoff debts or for home improvements.

Are an owner or investor with non-owner occupied properties.

Are buying a second home, which you plan to occupy in addition to your principal residence.

*The interest rate (except for the initial interest rate) will be based on an index rate plus a margin. The index is based on the 12 month average of monthly yields on actively traded United States treasuries, adjusted to a constant maturity of one year.

MTA Index - Historical Data