Released on = March 7, 2007, 2:40 pm

Press Release Author = Camelot Marketing

Industry = Financial

Press Release Summary = Use Pick A Payment loan, also known as Pay Option ARM to
refinance, debt consolidation or lower your mortgage payment. You pick your own
payment every month from choice of four options including interest only.

Press Release Body = Looking to reduce your mortgage installment, consolidate credit
card debt, or need cash for any particular reason? Then refinancing using a Pick A
Payment loan also know as 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.

For immediate assistance on a Pick A Payment Pay Option Home Loan for refinancing,
debt consolidation or lowering your monthly payments, 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

9099871233
camelot21@mindspring.com
http://www.goldmedalmortgage.com/PayOptionRefinanceLoans