Pick a Payment Mortgage: Super 1% Low Rate Home Loan Options

www.bdnationwidemortgage.com - Pick a Payment mortgage loans are also known as option ARMs (adjustable rate mortgages), payment option ARMs, 12-month MTAs, cash flow ARMs and other titles. These types of mortgages offer such features as initial interest rates as low as 1%. "An option ARM may provide flexibility for home buyers with uneven incomes, such as those who work on commission or receive a year-end bonus," says Jim Kelly, executive vice president of ING Direct. Borrowers gain more control over their monthly cash flow. For example, you can use the minimum payment option to help you pay off debt and then later switch back to a 15 or 30 year fixed payment. readmore..
Maria is a respected published writer from San Diego California. She has written hundreds of mortgage finance articles online for BD Nationwide. You can read more of her loan articles at BD Nationwide Home Equity Loans and get more information about debt consolidation & Pick a Payment Home Loans. If you need current home mortgage rates nationwide call the loan department or go online Neg Am Option Mortgage Loans.