ADJUSTABLE RATE MORTGAGE

¹ The origination fee on the site reflects the ¼ discount on the standard origination fee. The standard origination fee is 1% of the mortgage amount or $2,000 on a $200,000 mortgage. This is a savings of $500. The discounted origination fee available through this offer is .75% of the mortgage amount or $1,500 on a $200,000 mortgage. This offer is limited to one discounted origination fee per loan and can only be redeemed by applying online at the link above or by calling (800) 922-6267. No cash will be provided. This offer is only valid on actual loans closed and will not be credited if the loan is denied or withdrawn. This offer is not valid with any other Wachovia Mortgage offer. Offer is only valid for a limited time and is subject to change without notice. Other restrictions apply.

² For example, on a 5/1 LIBOR Adjustable Rate Mortgage, the interest rate and payment are fixed for the first five years of the loan. The interest rate and payment may adjust every twelve months thereafter and may not increase or decrease more than 2.0% at each twelve-month adjustment. The interest rate cannot increase more than 5% over the term of the loan. A 5/1 LIBOR ARM for $200,000 with a 30-year term and an initial interest rate of 6.622% APR, repayment will consist of 60 monthly payments of $1183. If the interest rate were to increase by the maximum five percentage points to 11.622% APR, then the monthly payment would increase from $1183 to a maximum of $1999 in the fifth year. Other rates and terms are available. The terms used in this example are for illustrative purposes only and the actual terms you receive may be different depending on your individual circumstances.

³ A 5/1 Adjustable Rate Mortgage (ARM) with the 10-year interest-only payment option will have a fixed interest rate for the first five years of the loan. The interest rate and payment may adjust every twelve months thereafter, and may not increase or decrease more than 5.0% at the first adjustment and 2.0% at each twelve-month adjustment for a maximum increase over the term of loan of no more than 5.0%. For the first 10 years of the ARM, you will make monthly payments comprised of interest only, calculated on your outstanding principal balance each month and rate in effect for that month. For example, a 5/1 ARM with a 30-year term at an initial interest rate of 6.0% (6.186% APR) for $200,000 would require 60 interest-only payments of $1,000 each. Assuming the interest rate were to increase by the maximum percentage points possible, the maximum interest rate would be 11.0% and would require monthly interest-only payment of $1,833.33 each month for the remaining first 10 years of the loan. During the interest only portion of your loan, the principal balance will not decrease unless you make additional payments toward the principal balance. Other rates and terms are available. The terms used in this example are for illustrative purposes only and the actual terms you receive may be different depending on your individual circumstances.

⁴ Application and credit report fees apply.

Mortgage loans are originated by Wachovia Mortgage, FSB, and are subject to credit approval, verification and collateral evaluation. Products are not available in all states. Programs, rates, terms and conditions are subject to change without notice. Certain restrictions apply.