1% Mortgage??

The doggie's reaction is typical to a mortgage customer when you mention a 1% mortgage. Why, that's impossible! However, a 1% mortgage is a popular lending program that gives the borrower the "option" to pay at a 1% amortized basis. This payment could even be less than an interest only payment. ($500,000 @ 1% = $1,608
vs $2,500 @ 6% interest only or $2,998 fully amortized.) Not for everyone but possibly of interest to those who wish to leverage monthly cash flow. Call for more details.