Option ARM Loans

Are you looking to encourage your assets to grow and to invest your money in a variety of areas—all while being able to make your mortgage payments? Are you looking to reduce your mortgage payments by paying down your interest and principal on every mortgage loan payment? If so, then an Option ARM Loan may be right for you. Option ARMs are a family of mortgages that include:

• Pay Option Loans
• Cash Flow ARM Loans
• Fixed Rate Option ARM Loans
• Smart Choice Loans
• Pick a Pay Loans
• Secure Advantage Loans
• 1 Month MTA Loans
• and many more!

These loans are also known as "Payment Cap ARM", "Deferred Interest Mortgage" and "Negative Amortization” Loans. Once a specialized financial tool of the wealthy, Option ARM Mortgages now come in a remarkable array of configurations and a range of sizes available to everyone. Option ARMs are now becoming available as 30 Year Fixed Rate Mortgages with Cash Flow Options.

Whatever the street name, Option ARM loans all share one thing in common: multiple payment options that allow you to choose how much you will pay towards your mortgage loan each month.

There are typically four payment options every month in your Option ARM loan:

• Minimum Payment Due
• With this option the monthly payment is re-calculated annually and configured from the outstanding principal balance, remaining term and then current interest rates. This payment is usually capped at a 7.5% annual rate increase or decrease. These low monthly payments can open up enormous cash flows every month to be invested in other areas, but you need to keep track of what interest you still owe in order not to fall behind on your entire loan repayment.
• Interest Only Payment
• In order to make sure your interest is being paid down without worrying about making a large monthly payment against your principal, First Atlantic offers you this option to just pay the interest, which is generally a low-cost payment.
• 30 Year Fully Indexed Principal and Interest Payment
• This mortgage loan payment is fully amortized and based on a 30-year loan that is calculated each month and drawn from the prior month's interest rate, loan balance, and remaining term. The advantage with this payment option is that your mortgage payment will cover all of the interest due and reduce your principal.
• 15-Year Full Principal and Interest Payment
• This is the largest monthly payment option which allows a consumer to apply the most towards principal and term reduction. This payment is built to amortize your loan, mirroring a 15-year term from the first payment due date.

Apply Now to try the Option ARM loan today!