Not all applicants will qualify. 4.25% has APR is 4.539 based on FICO 740+, Cash Out up to max of 65% LTV, owner occupied only and full documentation of income as well as required reserves. Min loan size is 650k and maximum is 999,999. Rate is locked for first 7yrs and then adjusts based on the following… 30 day avg SOFR has a margin of 3% and current index is 1.443 as of 7/14/22. Lifetime cap of 5% and adjustment period is once each 6 months after the initial 84 rate lock period. All loans subject to approval and change. 90 day payment skip requires current payment to be made on or before 1st for the month due. $250,000 cash out requires sufficient equity and loan is capped at a loan to value percentage of 80.