FREE QUOTES
Option Refinance
START HERE!
Pay Option Refinance is an increasingly popular strategy amongst borrowers who are currently in Option ARM mortgages. While a limited number of Option ARM borrowers choose to refinance into interest only or fully amortized mortgages, the majority are opting to refinance theiir option payment mortgages into fixed rate cash flow mortgages which possess all of the same payment options as their old option ARMs.Many Wall Street Executives and Employees who receive large annual bonuses can benefit from a pay option refinance. This is because the mortgage payment can be a lower amount during the year and a lump sum can be applied when one receives their annual bonus.
Fixed Option Refinance loans are an increasingly prudent choice for homeowners who want to protect themselves from unforeseen events. Interruption of income due to unemployment, illness, disability, or family emergency such as a death in the family is the leading cause of foreclosure in the USA. The correlation between income interruption and foreclosure is due to the very low level of savings for our average American household. Not having enough money saved for a "rainy day" can mean missing mortgage payments, and you don't have to miss more than a couple to lose your home. By refinancing into a Fixed Rate Pay Option mortgage, families can protect themselves from temporary emergencies and declines in income due to seasonal or other factors. By having a low minimum payment option available, often half what a normal mortgage payment would be, you and your family can weather the storm more easily. Once your income is restored or the emergency is resolved, you can then return to making an interest only or principal & interest payment.
Typical Pay Option Refinance candidates include business owners and other self employed persons and independent contractors, as well as real estate investors and traditional high net worth individuals and families. By converting their flexible Pay Option mortgages to a Fixed Rate by refinancing, these borrowers are preserving the exceptional flexibility of their pay option mortgages without risking the current volatility in rising adjustable rate mortgages. Choosing a fixed rate option refinance may be for you if you could make use of additional cash flow generated by deferring mortgage interest. If you would like more information on how deferring interest with a fixed rate option refinance mortgage may improve your financial situation, please contact us at or send an email including your name and the state in which your property is located to
Option refinance should be considered by borrowers who plan on keeping their home for at least 3 years. They may be able to save money going to a conventional Mortgage and avoiding negative amortization.
Pay Option refinance mortgages are often associated with Option ARM mortgages. You can refinance your Pay Option ARM and save a considerable amount of money and secure a long term fixed rate option mortgage and give yourself a great deal of flexibility.
Option Refinance in the News:
| El Dorado Irrigation District nears key financial changes (The Sacramento Bee) |
|
The El Dorado Irrigation District has completed a bond sale to refinance a portion of its debt and is close to a new agreement with employees to reduce labor costs.
|
| Hot Off the Wire – GSK pays $40M to close deal with Maryland firm; Sprint plans to cut debt; Google backs easing of ... (Local Tech Wire) |
|
Get the latest news alerts: {{a href=”external_link-1”}}Follow LTW{{/a}} at Twitter. ROCKVILLE, Md. — Nabi Pharmaceuticals said Monday it closed an option and license agreement for the smoking vaccine candidate NicVAx with GlaxoSmithKline (NYSE: GSK ).
|
| INDIANA: Fewer students take early college classes (The Indiana Gazette) |
|
One more side effect of last year's state budget stalemate is reflected in the dual-enrollment program at Indiana Area Senior High School, the Indiana school board learned Monday.
|
| IRS Outlines Additional Steps to Assist Unemployed Taxpayers and Others (Kansas City InfoZine) |
|
The Internal Revenue Service announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems.
|
| Nakheel Bonds Rise as JPMorgan Sees Repayment at Par (Update2) (Bloomberg) |
|
March 9 (Bloomberg) -- Nakheel PJSC bonds, part of parent Dubai World’s planned $26 billion debt restructuring, climbed the most in two months after JPMorgan Chase & Co. said creditors may get paid face value.
|
Option Refinance on the Web: