Some Important Questions to Ask When Choosing a Credit Counselor to Handle your DMP:

1. What services do you offer? Look for an organization that offers a range of services, including budget counseling, savings and debt management classes, and counselors who are trained and certified in consumer credit, money and debt management, and budgeting. Counselors should discuss your entire financial situation with you, and help you develop a personalized plan to solve your money problems now and avoid others in future.

2. Are you licensed to offer your services in my state? Many states require that an organization register or obtain a license before offering credit counseling and debt management plans.

3. Do you offer free information?

4. Will I have a formal written agreement or contract with you?

5. What are qualifications of your counselors? Are they accredited or certified by an outside organization? If so, which one? If not, how are they trained? Try to use an organization whose counselors are trained by an outside organization that is not affiliated with creditors.

6. Have other consumers been satisfied with service that they received? Once you’ve identified credit counseling organizations that suit your needs, check them out with your local consumer protection agency, and Better Business Bureau.

7. What are your fees? Are there set-up and/or monthly fees? Get a detailed price quote in writing, and specifically ask whether all fees are covered in quote.

8. How are your employees paid? Ask them to disclose what compensation it receives from creditors, and how they are compensated.

9. What do you do to keep my personal information confidential and secure? They should have safeguards in place to protect your privacy.

Get information you need to make an informed decision.

One is fact that your payment cannot increase more than 7.5% above previous year for first five years. Another gives you option to convert to a fixed rate mortgage after first three years. With these features in place you can rest easy with your new adjustable mortgage.

Here is an example of what a Pay Option Mortgage could for you

Estimated Current Monthly Payment - $1663.26 New first year payment - $833.13 Estimated increased monthly cash flow- $830.13 Estimated increased yearly cash flow - $9961.52

Disclaimer-First years interest rate 1.25%. Interest charged at 3.45% for first month. APR 3.74% subject to increase monthly. 30-year loan.

This loan may have negative amortization. Max increase/decrease in monthly payment is 7.5% per annum for first five years. This is an ARM product. Example payments based on 7.0% interest rate and $250000 loan.

“During loan process I got a chance to visit her home and was really impressed by cleanliness of both her home and all kids. I have three of my own and I can tell you it’s a challenge to keep up house and kids and homework.”

“Clearly a great family! We decided to waive our fees and pick up costs involved in this transaction for Mr. and Mrs. P who are providing love and shelter to innocent children victimized by addiction."

“It was least we could do for this amazing family that breaks even after buying clothes and food for kids. For Angela and her husband, this is truly a labor of love!” concludes Rees.

For more information on Pay Option Mortgage Loans please call 1-866-398-4664 or go to http://www.goldmedalmortgage52.com