PowerPlus is the creation of First Integrity Mortgage Services, in cooperation with several area not-for-profit Institutional Partners. PowerPlus reduces monthly mortgage payments.

PowerPlus is what Realtors® commonly refer to as a “piggyback loan.” Instead of a single mortgage, the loan amount is divided into two less expensive loans…a 30-year fixed rate 1st mortgage (80% LTV, or loan-to-value), plus a 2nd mortgage (10% or 15% LTV), along with a 5% or 10% down payment. The 2nd mortgage is fixed for 7 years and amortized over 30 years, at a low interest rate.

Both Fannie Mae® and Freddie Mac® permit cost-effective piggybacks as a viable alternative to Private Mortgage Insurance. Jumbo borrowers have recently discovered First Integrity’s PowerPlus as a cost-effective alternative to jumbo interest rates.

View the sample savings of a Power Plus mortgage!

• 5% down payment
• 10% down payment

What Will You Do With Your Savings?

• Save money--keep it
• Save money--prepay mortgage
• Buy bigger home for same payment

First Integrity’s long-held belief is that we should inform and assist our customers in building personal wealth. No matter if our customers are purchasing their first home or refinancing their tenth home, the principles are the same decrease your interest expense and increase your equity.

Do you have a plan? If not, you may wish to consider this: Many borrowers have heard of the benefits of prepayment of principal but do not know the mechanics on achieving equity growth. Providing a Road-Map For Equity Growth