What is a Payment Option ARM loan program?
This loan program is an adjustable rate mortgage with a low initial monthly payment that will increase each year for the first five years. It also offers other payment options to help you budget your monthly cash flow.
- Minimum Monthly Payment
- Interest Only Payment
- 30-year Amortized Payment
- 40-year Amortized Payment
- 15-year Amortized Payment
Its low introductory start-rate allows you to make very low initial mortgage payments and low qualifying rates enable you to qualify for more home.
All programs subject to change without notice. Availability of programs not guaranteed.
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