Cut Your Payment in Half

Would you like the freedom in having a choice each month of how much you want to pay?  The Pay Option Arm allows borrowers to choose between four options each month depending on your cash availability and needs:  1. Normal 40 year amortized payment.  2.  Normal 15 year amortized payment.  3.  Interest Only payment.  4.  Less than Interest Only payment. 

Here is an example of a $200,000 mortgage payment:

• Minimum Payment: $666.50 ( Deferred Interest: $584.83)
• Interest Only Payment: $1,251.33
• Fully Amortizing 40-Year Payment: $1,317.32
• Fully Amortizing 15-Year Payment: $1,854.93

Here is an example of a $400,000 mortgage payment:

• Minimum Payment: $1,333.01 ( Deferred Interest: $1,169.66 )
• Interest Only Payment: $2,502.67
• Fully Amortizing 40-Year Payment: $2,634.65
• Fully Amortizing 15-Year Payment: $3,709.87

This loan program is available for both refinance and home purchases.