Corona California Refinance With Pay Option ARM Home Loans
Released on = March 9, 2007, 4:53 am
Press Release Author = Camelot Marketing
Industry = Financial
Press Release Summary = For a Corona California refinance use Pay Option ARM. More and more Corona home owners turning to Pay Option for refinancing, credit card debt consolidation, or cash out.
Press Release Body = Are you a Corona home owner and need to a mortgage loan refinance to reduce your monthly mortgage payment, consolidate credit card debt, or get cash to buy rental properties? If so, refinancing with a Pay Option ARM home mortgage loan will get you the guaranteed lowest payment on the market today, if needed.
For a Corona refinance the Pay Option ARM home mortgage loan, every month, gives you have the complete freedom to decide which of four payment choices you would like to make including interest only. These options let you can decide which months you need more cash for whatever reason.
More and more Corona homeowners are using Pay Option ARM home mortgage loans to refinance and consolidate credit card debt. They are paying off their credit cards and increasing their monthly cash flow. Some are even using the money they were spending on credit card payments and paying extra on their mortgage every month.
As Pay Option ARM home mortgage loans let you decide the month payment they are ideal for somebody that is in between jobs or those that have a fluctuating income such as the self-employed. For instance, a self-employed contractor will be busy during the spring and summer, but due to weather conditions in the winter business will slow down. When business is going well the contractor can make a fully amortized payment but when business is slow he can take advantage of the new low deferred interest payment. With this program, monthly mortgage payments can be made depending on current cash flow situation.
Some Corona home owners are using Pay Option ARM home mortgage loans to get cash out. They are using the cash as a down payment on rental income.
Pay Option ARM home mortgage loans are also ideal for a new Corona home purchase. If you are a first time home buyer and looking to buy in Corona and want the lowest possible monthly mortgage payment, this is the program for you.
Pay Option ARM home mortgage loans are a relatively new product that allows you four payment options each month:
1. 15 year payment- Pay your home mortgage loan off and build equity faster as well as save thousands of dollars in interest;
2. 30 year payment- This option will let you know how much to pay to have your home free and clear in the standard thirty years;
3. Interest only option- This option allows you to pay only the interest portion of your monthly payment so you can increase monthly cash flow;
4. 1% Minimum payment-This option allows you to pay your mortgage at a 1% rate of interest for maximum savings.
The Pay Option is the absolute best adjustable rate mortgage, ARM, product available today for Corona refinancing or debt consolidation. It has built in features that protect you from the typical worries associated with an adjustable rate mortgage.
One is the fact that your payment cannot increase more than 7.5% above the previous year for the first five years. Another gives you the option to convert to a fixed rate mortgage after the first three years.
With these features in place you can rest easy with your Corona refinance and your new adjustable rate mortgage or ARM.
For immediate assistance on a Corona refinance with Pay Option ARM Loan and please call 1-866-398-4664 or go to http://www.mortgagemavericksonline.com/CA_City_Home_Refinance/14/Corona,-California-Refinance.php
Web Site = http://www.mortgagemavericksonline.com/CA_City_Home_Refinance/14/Corona,-California-Refinance.php
Contact Details = Keith Hunt 8190 Orchard Street Alta Loma , 91701 $$country
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