Although the
Option ARM (or payment option ARM) has been
around for a while now it has only recently
become popular, mostly due to the rise in home
prices. Although this loan is not for everyone,
it can be a great way for people to get into a
home with very low mortgage payments. The loan
is actually exactly like it sounds. Each month
the borrower is presented with four payment options
ranging from a payment based on 1.25% to a
15-year payment based on the fully indexed rate.
For more information on this program please give
us a call and a loan representative will prepare
a proposal based on your specific loan amount.
