Credit Card Debt Consolidation Refinance Using Pay Option ARM Loans
Released on = October 10, 2006, 2:35 pm
Press Release Author = Camelot Marketing
Industry = Financial
Press Release Summary = Consolidate credit card debt and lower monthly mortgage payment with a Pay Option ARM. Every month you have the option to make which mortgage payment to make from a choice of four.
Press Release Body = Are you looking for a credit card debt consolidation refinance and reduce your monthly mortgage payment? If so, refinancing with a Pay Option adjustable rate mortgage (ARM) home mortgage loan will consolidate your existing credit card debt and get you the guaranteed lowest payment on the market today.
With a Pay Option ARM home mortgage loan, every month, 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 extra cash for whatever reason. Planning a trip and need extra spending money? No problem, that month you make an interest only payment.
More and more homeowners are using Pay Option ARM home mortgage loans to consolidate credit card debt and increase monthly cash flow. Some are even using the money they were spending on credit cards and paying extra on their mortgage every month to reduce the term.
Using Pay Option ARM home mortgage loans for credit card debt consolidation is 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 refinancing or credit card 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.
For immediate assistance on refinancing or credit card debt consolidation with a Pay Option ARM home mortgage loans please call 1-866-398-4664 or go to http://www.goldmedalmortgage.com/PayOptionRefinanceLoans
Web Site = http://www.goldmedalmortgage.com/PayOptionRefinanceLoans
Contact Details = Keith Hunt 8190 Orchard Street Alta Loma , 91701 $$country