We can help you move into a new
home sooner than you think.
• • •
•
The Lifetime Convertible ARM
Sometimes the dream of owning a home seems
so far away. But, at Standard Federal, we look for
ways to make that dream a reality. Like our Life-
time Convertible Adjustable-Rate Mortgage. The
lower initial interest rate and monthly payment
may be just what you need.
And, unlike other lenders, we put no time limit
on your privilege to convert.
As with all of our other mortgage loan programs,
you can use our ExpressLoanTM service to process
and close your loan within 15 days.
What's more, if there comes a time when you'd
like to convert to a fixed-rate mortgage, you can.
The Lifetime Convertible ARM and ExpressLoanTM
service. Two more things we do to make you feel
right at home.
15-Year ARM
30-Year ARM
7.25
10.07°k
Annual Interest
Annual Percentage Rate*
7.5 0%
10.37%
Annual Interest
Annual Percentage Rate*
* All annual percentage rates are calculated based on a 2% loan discount fee, a loan amount of $50,000, a 20% down payment, and monthly prin-
cipal and interest payments of $456.43 for the 15-year loan and $349.61 for the 30-year loan. The estimated Annual Percentage Rate is subject to
increase or decrease on an annual basis after the loan is closed based on the formula set forth in the loan contract. The initial interest rate will be
in effect for the first year of the loan and does not correspond to the formula. There is a 2% annual and 6% lifetime interest rate cap on all
adjustable-rate mortgage loans. Conversion is subject to certain conditions provided in the loan contract.
We focus on performance.
Standard Federal Bank
Savings/Financial Services
1-800/482-3930
Cr
4
FRIDAY, JULY 15, 1988
Standard
Federal