Option One Mortgage Loans – Getting An Option Arm Or Option One Mortgage Loan

Written by Carrie Reeder

Continued from page 1

Have an adjustable rate mortgage but want stability – This loan has a payment cap. The interest rate on this loan is based onrepparttar 12 month-MTA index,repparttar 149293 most stable index ofrepparttar 149294 4 main indexes (COFI, LIBOR, MTA & CMT). This index is always below prime. The interest rate is based onrepparttar 149295 world economic markets which have been steadily coming down overrepparttar 149296 last 3 years. This loan has a 5-year fixed payment option as well.

Invest your payment savings in something else – This could open up opportunities for you if you could invest in real estate,repparttar 149297 stock market or another investment when you userepparttar 149298 extra $500-1000+ a month you free up from your property payment. Pay off debt with your payment savings – You can userepparttar 149299 payment savings to pay off other debt.

Have security and options in your mortgage loan – The main benefit to this type of loan isrepparttar 149300 security of a mortgage payment that you control. You decide at any time what kind of a mortgage you want. If all goes well in your future, you haverepparttar 149301 freedom to pay your 30 year loan into a 15 year loan without even consulting another mortgage broker. Get more home for your money – You can qualify for more home with these low payment options.

Who Can Qualify? Qualifying for this loan is basicallyrepparttar 149302 same as any other loan, it is based on credit, equity & assets, if you are strong in 1 of these or 2 of these, you could probably qualify and with lowest rate possible.

What if I want to take out a stated income loan? “Stated Income” or “No income/assets” loans are possible with this Option One Loan.

These are just general guidelines and information about this type of loan. You will want to discuss all of these details with your broker or lender before you actually completerepparttar 149303 loan. These factors may vary with each individual lender.

Many lenders do not offer their customers this type of loan. If you are seeking an option one or option ARM loan, you will need to talk to your broker about it or find a broker that can do this type of loan.

To see a list of recommended option one mortgage loan companies online, visit this page: http://www.abcloanguide.com/optiononeloans.shtml - Carrie Reeder is the owner of ABC Loan Guide, an informational website with articles and more about various types of loans.

Pay Off Debt - Get Out Of Debt And Lower Your Monthly Payments

Written by Carrie Reeder

Continued from page 1

Protect your credit rating and start downrepparttar path to financial freedom. Debt consolidation services are oftenrepparttar 149292 best answer for millions of consumers who have become unable to pay more thanrepparttar 149293 minimum amounts on their credit cards. If you continue to pay small monthly payments you could spend decades trying to become debt free. Contact a debt consolidation company now and begin dramatically reducing your debt today. Free consultations and friendly, professional service make consolidating your debts easy. You can start saving money each and every month and become debt free in a much shorter period of time.

To see a list of recommended debt consolidation companies online, visit this page: http://www.abcloanguide.com/debtconsolidation.shtml - Carrie Reeder is the owner of ABC Loan Guide, an informational website with articles and more about various types of loans.

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