The 2.95% Pay Option ARM combines a low starting payment rate with an adjustable rate mortgage. You can either make the low minimum payment each month or add extra cash and pay down the loan at a faster pace - it's up to you!
Call us toll-free to discuss this versatile loan program: 877-655-3633.

Borrowers get the best of both worlds. The lowest possible monthly payment with a fixed schedule of gradual payment increases over time. It might just be the perfect mortgage if you're a budget-minded consumer.
The minimum monthly payment option gives you greater control in managing your cash flow and financial assets and keeps your monthly payments affordable. You can make low payments or you can pay down your principal balance at a faster pace and potentially reduce future payments - it's up to you each month! The underlying interest rate is higher than the minimum monthly payment and deferred interest may accumulate depending on current market conditions and depending on how much you pay each month. Please ask your Loan Officer for a detailed explanation or
CALL US NOW TOLL-FREE AT: 877-655-3633.

The Option Arm can benefit almost anyone. It's ideal for someone who is applying for a jumbo loan, because it keeps monthly payments more manageable and helps get people into the home of their dreams. For first-time homeowners or newly-weds with minimal cash savings, the Option Arm's minimum monthly payment feature makes it possible to save money to buy things they need for their new house. Borrowers can use the extra cash each month to pay off high-interest credit cards, add extra cash to savings or retirement accounts - it's up to you! As your income rises or when expenses are lower, you can start paying down your mortgage at an accelerated pace - again, it's all up to you! A lower payment means you could buy more home. How about an extra bedroom, a gourmet kitchen or maybe just a bigger yard? Option ARMs really can offer you many more financial choices which might also mean enjoying life more.

The Pay Option ARM is also a great alternative for borrowers who are considering Interest Only Loans. An Option ARM can give you an even more affordable payment even if interest rates rise. With a low payment rate of 2.95%, the minimum monthly payment on a $400,000 mortgage is only $1,676 in each month of the first year. After that, the payments make a gradual increase year over year - ask your loan officer for details or
CALL US NOW TOLL-FREE AT: 877-655-3633.

The Option ARM allows the Borrower 4 payment options each month.

Option 1: Make the minimum monthly payment. This allows you to keep more cash now and keep monthly payments manageable over the first few years of the loan. When you make the minimum payment there is deferred interest, however you can use the extra money you didn't spend on your mortgage to create a savings account, or use it as disposable income. Since Real Estate typically appreciates over time, despite any cyclical downturns, you can take advantage of lower payments and very likely gain appreciation in your home over time. To find out more about deferred interest, lower payments, appreciation and how they can all work to your advantage.
CALL US NOW TOLL-FREE AT: 877-655-3633.

Option 2: Interest Only Payments. (No principal reduction and no negative interest accumulation). When minimum payments (Option 1) are not enough to pay the monthly interest due, you can either make the lower payment and defer interest, or you can avoid deferring any interest (negative amortization) by making this Interest Only Payment. The choice is yours each month.

Option 3: This is a 30 Year Fully Amortized payment. It's calculated each month based on the fully amortized rate which is the current month's Actual Interest Rate - NOT the Minimum Payment Rate. Each month's Actual & Fully Amortizing Interest Rate is determined by adding a fixed Margin to whatever the current month's Index is. The Fully Amortized Interest Rate Payment will always reduce the the loan amount and remaining loan term. When you choose this option, you reduce your principal balance and pay off your loan on schedule. If you add extra cash to the Fully Amortizing Payment, your loan balance and payment schedule can be greatly reduced.
CALL US NOW TOLL-FREE AT: 877-655-3633.

Option 4: This is a 15 Year Fully Amortized Payment and works like Payment Option 3 except that your loan balance will be reduced even faster if you always make this payment. If you want to build equity faster and pay off your loan quicker, this is the option for you! It's calculated to amortize your loan over 15 years from the first payment due date.
CALL US NOW TOLL-FREE AT: 877-655-3633.

The Payment Option you choose is your choice each month! You can use Option 1, the minimum monthly payment, in one month, choose Option 2 the next month and Option 3 the following month. The Pay Option ARM gives you the freedom of choice and more control over your finances./

Who Benefits From A Pay Option ARM?
Just about anyone can benefit from using a Pay Option ARM. Self-Employed Borrowers can use the lower payments of an Option ARM to help them keep more money available to grow their businesses. These borrowers have the flexibility to defer interest in the lean years and pay off interest during more lucrative years. And, they often qualify for tax breaks when they really need it most. Commissioned Sales people or Seasonally-Employed Borrowers who may not draw a steady monthly income will have the choice to make lower payments when they really need to and make higher payments when their income goes up.