MTA Mortgages

At Worldwide Capital Mortgage Corp. we offer MTA mortgages which are products developed by several lenders.  

An issue for many homeowners is managing monthly income and expenses, referred to as "cash flow". Income varies monthly and unplanned expenses come up when least expected. For many, our mortgage payment is our largest monthly expense, and the least flexible. They are designed to give greater control over your mortgage payment. You can choose one of four payment options monthly based on your specific cash flow needs.

        Minimum Payment :   A payment that is set for 12 or 60 months at a reduced rate. The minimum payment rate for the 12 month option is 1.00% and the 60 month option is 1.90%. This option maximizes cash flow and may also defer payment of interest on your mortgage allowing greater flexibility in managing your tax deductions. Plus, this minimum payment can not increase by more than 7.5% each year.

        Interest Only Payment:    Defer paying principal and improve your cash flow. This option is not available if the interest only payment is less than the minimum payment.

        Fully Amortizing Payment Options:    You have the ability to make a principal and interest payment based on a 30 year or 15 year payment schedule.

The Cash Flow Arm series allows you to choose your index based on your own needs. You can chose from the 1 month LIBOR (London Interbank Offered Rate) or the MTA (12 Month Treasury Average).

Additional Options    If you are looking for the additional security of a fixed payment while still taking advantage of the extremely low MTA mortgages payment rate, there is a 5 year fixed payment option. With the 5 year Fixed Payment, you are guaranteed a fixed minimum payment for five years. You still have the four payment options to select from to manage cash flow. And, you may increase the term of your loan from 30 to 40 years lowering your payment even further. LTV's are up to 100%!

The Minimum Payment Advantage    The example below is based on a $400,000 mortgage. It compares a traditional 30 year fixed rate payment based on the above 10 year average to the minimum payment available on the MTA mortgage.  The Minimum Payment increases by the maximum 7.5% per year only on the payment, not on the rate.

                    30 Fixed                    Cash Flow Minimum                 Monthly Savings                    Annual Savings

Year 1        $2,855                                $1,287                                        $1,586                                    $18,816
Year 2        $2,855                                $1,384                                        $1,471                                    $17,652
Year 3        $2,855                                $1,488                                        $1,367                                    $16,404

                                            Savings over 3 years        $52,872
                                            Savings invested at 8%    $56,885

At Worldwide Capital Mortgage Corp.  we offer free consultations and no upfront fees so call today.    

    Pre-qualify for your MTA Mortgages