Archie Mae

WHAT

The Bridge is a new financing product that officially changes the way mortgage financing is performed by adding literal cash to the home financing transaction via a patent pending 2nd mortgage product with no monthly payment and no interest ever. Archie Mae facilitates the addition of the 25% cash of a home’s total purchase price for purchase or refinance transactions with no stringent income or price restrictions.

WHY

Today, traditional home financing solutions can be financially burdensome to consumers. The COST with such an approach is that consumers are forced to carry more debt through higher loan-to-value products, further leveraging them and significantly reducing cash flow. In addition to traditional loan programs (second mortgages), grants, gifts and subsidies only address typical closing costs or down payment (at the <5% level).

HOW

Archie Mae will begin the national roll out in select states beginning in February 2005. If you are interested in seeking more information on how to avail yourself of such a financial improvement program, please complete the 3-question survey on the home page and then complete the basic consumer information form that is shown on the "Apply" page. Completing this information form will allow us to better understand your immediate and long term needs, ensuring that our partners are better able to serve your needs.

THE PROBLEM : INSIGHT

Today, High Housing Costs Are A Problem For Most People People Are Totally Excluded From The Housing Market Can't Afford Down payment / Can't Qualify For High LTV Loan Forced To Rent Rather Than Buy Statistic: 30% of U.S. households are renters; 2006; www.hud.gov Many People Are Forced To Compromise 'Where' They Live Buy Older, Smaller Houses, With Worse 'Proximity', In Areas With Higher Crime & Inferior Schools Forced To Remodel Rather Than 'Moving Up' To The Next House Level Statistic: Households still refinance debt to pay for purchases Even More People Are Overextended & "Cash-Poor" Higher Risk Of Default Due To Large Monthly Housing Costs Leisure Activities Sacrificed, High Stress Factor Statistic: Many American Households "Still" Carry $9,000+ in credit card debt & less than 4% of All Americans save >3% per year

Archie Mae and the Archie Mae Foundation are partnering with one of the nation's leading e-learning companies to provide a home buying education program. Our philosophy at Archie Mae is to ensure our consumers are properly empowered through continuing education throughout the homeownership process not just disseminating information as a disclosure. Successful completion of a pre-closing module is a condition of access to The Bridge.

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