Frequently Asked Questions
Proudly Serving the state of Arizona
Frequently Asked Questions
- Under the term option, you may receive equal monthly payments for a fixed period of time selected by you.
- Under the tenure option, you may receive equal monthly payments for as long as you occupy the home as your principal residence.
- Under the line of credit option, you may draw up to a maximum amount of cash at times and in amounts of you choosing, as long as you occupy the home as your principal residence.
- The modified term plan allows you to set aside a portion of loan proceeds as a line of credit and receive the rest in the form of equal monthly payments for a fixed period.
- Under the modified tenure option, you may set aside a portion of loan proceeds as a line of credit and receive the rest in the form of equal monthly payments as long as you occupy the home as your principal residence.