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Editors Note: Due to the mortgage and credit crunch, option arm mortgages may not be available. If you’re in need of a loan or a Denver mortgage contact us to discuss your mortgage options.Pay Option ARM program. – The pay option ARM program can be an excellent mortgage program for someone who needs to pay down credit card debt, but cannot qualify for a Cash-Out Refinance.

Option arms are portfolio products often held by the lender. They are not purchased by Fannie Mae or Freddie Mac.

Option Arms (1% Payment loan)Option arms or the pick your payment loan can adapt to fit your lifestyle. They offer flexible payment options and qualification standards. Investors like them for there low payments and cash flow potential. Traditional home loan payments are the same each month for the term of the loan. With an Option ARM, you can choose from one of four payment choices each month — which gives you the flexibility to change your mortgage payment as your needs change. You are only required to make the minimum payment on the loan each month.

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  The content provided on this website is presented for informational purposes only. The information provided on this website should not be construed as offering legal, financial or other advice to be relied on by the reader to make or refrain from making any decision or to take any action. The investment, mortgage or financial services or strategies mentioned in and throughout this website may not be suitable for you.