Monday, June 20, 2005

Option Arm Mortgages' Advantages.

The hottest mortgage program on the market these days is the option arm mortgage. Also known as the 12 MAT or pick-a-payment mortgage, there are at least 4 good reasons why smart and savvy borrowers are flocking to these mortgages... they give the borrower 4 different choices for payment amounts each month.

The first payment choice can be based on a starting rate as low as .95%. The second payment choice can be based on an interest only option. The third payment choice can be based on a principal and interest payment amortized over 30-years. And, for those who want to build equity faster, or just have the money available, the fourth choice is a principal and interest payment based on amortization of your mortgage over a 15-year term. Essentially, the option arm gives borrowers flexible options each month to manage their cash flow and monthly budget with more control.

The best way to put an option arm mortgage to work for you, is to talk with an option arm expert who can custom design a program based on your income, loan amount, monthly debts and future housing plans. To speak with a Senior Loan Consultant at Mortgage Match to determine how an option arm mortgage might work best for you, simply call 24/7 and toll-free, 1.888.890.5625.. Or, to arrange a free phone consultation online, simply click here.

And, for the latest, most organized and easiest-to-find information about option ARMs and all other innovative mortgages, please click here.

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