Refinancing within 60 months (Net Tangible Benefit):

• If refinancing a primary or second home within 60 months, MA requires a “borrower’s interest test” which verifies net tangible benefit (NTB). The NTB form included in the loan documents must be signed and dated by the borrower(s) on or before closing.

• The AIO Loan APR at time of closing may not exceed 1% over the Prime Rate Index as published in the Wall Street Journal (WSJ).