We deliver: FREE and FAST Pre-qualifying for home buyers Zero down payment options available Competitive rates and low closing costs MORTGAGE LOAN PRE-QUALIFICATION FORM MORTGAGE OPTIONS PROGRAMS RATES CONTACT GLOSSARY CALCULATORS MORTGAGE OPTIONS New Home Purchase First Time Home Buyers Refinancing Single Close Construction Investment Properties Jumbo Loans PROGRAMS Fixed Rate Mortgage: This loan has a fixed principal and interest payment for the term of the loan.  You may choose from a variety of terms. Adjustable Rate Mortgage (ARM): An ARM loan is a mortgage with the interest rate fixed for a short time period, for example, one year and usually starts off with a lower rate.  At the end of that time period, the interest rate on the loan will be adjusted up or down, according to the index, the specified rate cap adjustments and the margin.  This type of loan can save you money over a short time. Balloon Mortgage: This type of mortgage is one that is only partially amortized and has a lump sum or balloon payment due at maturity.  Single Close Construction Loan: This loan provides construction and permanent financing with a single closing.  FHA Mortgage: A governmental division of HUD that insures residential mortgage loans made by private lenders and commonly used for first time home buyers. VA Mortgage: This loan is a fixed rate mortgage that is insured by the Veterans Administration.  You must have served in the military to qualify for this type of loan. RATES Central Bank offers competitive rates along with low closing costs.  Although points increase your costs up front, keep in mind that paying points decreases the interest rate of your mortgage and lowers your monthly payment.  The points you pay may be tax deductible.  Ask your accountant for details. For current rates please contact our mortgage department.

CONTACT Let our Mortgage Specialist make your dream home a reality! Brad Orn Phone: (651)351-1516 Fax: (651)351-1570 Toll Free: (888)558-1888 E-mail: born@centralbnk.com Stig Sandell Phone: (651)351-1541 Fax: (651)351-1570 Toll Free: (888)558-1888 E-mail: ssandell@centralbnk.com Renee Larson Phone: (651)254-0733 Fax: (651)254-0736 Toll Free: (888)558-1888 E-mail: rlarson@centralbnk.com Jon Weaver Phone: (651)351-1518 Fax: (651)351-1570 Toll Free: (888)558-1888 E-mail: jweaver@centralbnk.com Brad Goulet Phone: (651)351-1537 Fax: (651)351-1570 Toll Free: (888)558-1888 E-mail: bgoulet@centralbnk.com Patrick St Martin Phone: (952)646-1074 Fax: (952)944-3696 E-mail: pstmartin@centralbnk.com Travis Williams Phone: (763)422-4528 Fax: (763)422-4513 E-mail: twilliams@centralbnk.com Kim Young Phone: (763)515-4765 Fax: (763)315-8958 E-mail: kyoung@centralbnk.com GLOSSARY Abstract of Title: This document is a summary of the history of the title to a piece of real estate. Appraisal:  A formal, written estimation of the current market value of a home. Closing Costs: Expenses incurred in the closing of a real estate loan or mortgage transaction.  The closing costs for the buyers and/or the sellers commonly  include, but may not be exclusive to, these fees; appraisal, credit bureau report, title insurance, flood certification, underwriting, recording, origination, and closing. Mortgage registration tax, plat drawing, name and special assessment fees apply to property in Minnesota and may be different for refinancing or purchasing property in another state. Co-Borrower:  signs all documents and has title to the property. Co-Signer:  Signs the note only but does not have title to the property. Conventional Mortgage: A typical mortgage loan not insured by FHA or guaranteed by the VA. Credit History:  a report that will show your record of payments on loans, charge cards and other similar debts.  If you have never had a loan or a charge card, you can show that you have a good record of payment on your utility bills and rent. Deed: A written instrument that conveys title to real property. Down Payment:  Your contribution to the sales price of the home.  You borrow the rest of the sales price with your mortgage loan. Escrow Payment:  An account set up by the lender  into which a portion of the borrower's monthly payment is held in trust or in escrow by the lender to pay for the property taxes, homeowner's insurance and private mortgage insurance. Mortgage: Pledge of real property to secure a debt using a written instrument signed by the borrower.  This document is recorded in the County Recorder's Office. Mortgagee:  The lender in a mortgage contract. Mortgagor:  One who borrows money, giving as security a mortgage or deed of trust on real property.  With respect to a mortgage loan, the person(s) obligated to repay the mortgage note. Private Mortgage Insurance (PMI): Insurance written by a private company to protect the mortgage lender against loss due to mortgage default.  PMI is typically required on loans when the borrower has less than 20% down payment. Title Insurance: An insurance policy which protects the insured against loss arising from defects in the title.  Title insurance is required to obtain any  loan on the secondary market or in-house loans with Central Bank.