Released on = January 10, 2007, 4:48 pm

Press Release Author = Camelot Marketing

Industry = Financial

Press Release Summary = Lower monthly mortgage payment with a Pay Option ARM loan.
Pick a different payment every month from choice of four including interest only or
1%.

Press Release Body = "How do I lower my mortgage payment every month?" is a common
question and home owners are turning to Pay Option adjustable rate mortgage (ARM)
loans for the answer.

A Pay Option ARM home loan allows the homeowner to pick a payment every month with
flexibility to lower the monthly mortgage payment. It is also ideal for refinance
situation.

The Pay Option ARM home loan is a relatively new product that allows four payment
options each month:

1. 15 year payment- Pay the home loan off and build equity faster as well as save
thousands of dollars in interest;

2. 30 year payment- This option allows homeowners to own home free and clear in the
standard thirty years;

3. Interest only option- This option allows a payment of the interest portion to
lower the monthly mortgage payment and increase cash flow;

4. 1% Minimum payment-This option offers mortgage at a 1% rate of interest for
maximum savings and again lower monthly mortgage payment.

The homeowner can pick a payment from any of the four options every month.

All types of borrowers are taking advantage of a Pay Option ARM loan, but the two
most common are self-employed/commissioned borrowers and those with a current
financial position where they need the absolute lowest payment.

Pay Option ARM mortgage loans are ideal for the self-employed, Generally the
self-employed have fluctuating income and this program allows homeowner to pick a
payment every month that is consistent with cash flow.

For instance a self-employed contractor who is busy during the spring and summer,
but due to weather conditions in the winter business slows down. When business is
going well the contractor can make a fully amortized payment but when business is
slow he can take advantage of the new low deferred interest payment. It gives him
great flexibility to make the mortgage payment he wants depending on his monthly
cash flow situation.

Those looking to buy a new home or even a first time home buyer that want the lowest
possible monthly payment can take advantage of the Pay Option ARM flexibility.

Although Pay Option Loan is the absolute best adjustable rate mortgage ( ARM )
product currently available borrowers should remember to use the program to their
advantage. If they only make a minimum deferred payment then the deferred interest
will be added to their principal balance at the end of 5 years.


For free advice on on how to lower monthly mortgage payment with a Pay Option ARM
Home Loan 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