Refinancing And Debt Consolidations With Pay Option ARM Loans
Released on = February 11, 2007, 5:09 pm
Press Release Author = Camelot Marketing
Industry = Financial
Press Release Summary = Refinancing and debt consolidation to lower mortgage payment with Pay Option ARM loans. Pick from from four different options every month including interest only paymnet.
Press Release Body = Looking to reduce your mortgage installment, consolidate credit card debt, or need cash for any particular reason? Then refinancing using a Pay Option ARM home mortgage loan provides the lowest payment for you. A Pay Option ARM home mortgage loan is a flexible program where you decide every month what you want to pay for a mortgage installment. You have the freedom to select from four different payment choices every month, one of which is interest only.
The popularity of Pay Option ARM home mortgage loans to get rid of credit card debt to improve monthly cash flow is on the rise. You could even use the extra money saved from credit card payments and apply it to your monthly mortgage and thereby reducing your mortgage term. Remember, you select when extra money is required. Want to get away for a few days, want a little extra spending money? All you have to do is use the interest only option that month.
Because you select the total payment every time, Pay Option ARM home mortgage loans provide the answer for those that are switching jobs, or those that have a pay check that goes up and down including commission sales personnel or small business owners.
A self-employed contractor for instance, may be busy in the spring and summer, but when weather is poor in the winter business may be non-existent and therefore so will receivables. The contractor is aware of these circumstances and during spring and summer when receivables are high, the contractor can make a fully amortized payment but when receivables are slow he makes a deferred interest payment. This scenario shows that the mortgage installments paid can be adjusted by you depending on household income.
You can use Pay Option ARM home mortgage loans for getting cash out of your home. This cash can be utilized in any manner you choose including down payment on more real estate for rental purposes, making home repairs or upgrades, or fulfill your goals to start your own business. Are you searching for another home right now or are you a first time home buyer that needs to keep the house payment to a bare minimum use a Pay Option ARM home mortgage loans to solve the situation.
When you have Pay Option ARM home mortgage loan you have 4 payment selections every month: -Fifteen year payment- Pay your mortgage off and increase home equity quicker, which saves thousands of dollars in interest; -Thirty year payment- On this selection you make the monthly payment so that you own your home in the normal thirty years; -Interest only option- As this suggests, you only the interest portion of your monthly installment to improve monthly cash situation; -One per cent minimum payment-This selection you pay at a one per cent rate of interest for largest savings.
The Pay Option is the finest adjustable rate mortgage solution for refinancing or debt consolidation. The program protects you from worries associated with an adjustable rate mortgage, such as your home loan payment cannot raise more than 7.5% over the preceding year for the first five years. You can even switch to a fixed rate mortgage after the first three years. These features allow you to feel comfortable with your refinance and the new adjustable rate mortgage.
The Pay Option is the finest adjustable rate mortgage solution for refinancing or debt consolidation. The program protects you from worries associated with an adjustable rate mortgage, such as your home loan payment cannot raise more than 7.5% over the preceding year for the first five years. You can even switch to a fixed rate mortgage after the first three years. These features allow you to feel comfortable with your refinance and the new adjustable rate mortgage.
Call 1-866-398-4664 for more information on how you can benefit from refinancing or consolidate your credit card debt using with a Pay Option ARM home mortgage loans. Or go to http://www.GoldMedalMortgage5.com
Web Site = http://www.goldmedalmortgage5.com
Contact Details = Keith Hunt 8190 Orchard Street Alta Loma , 91701 $$country
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