Option ARM Loan
Daylight Discount Mortgage offers this flexible payment Option ARM Loan product for customers that need maximum control and pay flexibility in their home loan. With up to five or more payment options each month, there's a choice for everyone.
FIXED RATE OPTION ARMS AVAILABLE
Option ARMs now can be fixed in for the first 3,5,7, or 10 years of the loan. Know your accrual rate for interest. Call 877-256-5681 to discuss how an Option ARM is right for you.
What is an Option ARM Loan (Adjustable Rate, Flexible Payment)?
An Option ARM Loan is an Adjustable Rate Mortgage where the interest rate is adjusted monthly, yet the payments adjust annually. Payment options are provided to you on each monthly statement. Pay less than the interest owed, pay only interest, or even pay the normal principal and interest payment.
On a $1,000,000 loan you could have monthly payments as low as $2529.
Why choose an Option ARM Mortgage?
During the first year of the mortgage, you will pay a very low minimum payment that is calculated at the interest rate of month one. This rate could be as low as 1.000%! The money that you save during the first year can allow entrepeneurs and investors to use this extra cash flow towards other investments. It's also great for homeowners with variable income. While an Option ARM Loan isn't right for everyone, many people with heavy control over their finances benefit from the extremely low payments.
Live in an area of high appreciation? An Option ARM Loan could save you thousands of dollars! Just ask one of our loan advisors at 1-877-256-5681 if the Pay Option ARM is right for you.
Pay Option ARM Loan Overview
- 15 year, 30 year, and 40 year amortization schedules available.
- Stated Income and/or Stated Assets allowed for Good credit scores.
- No Ratio options available for some Flex Option ARM products.
- Low lender fees. Free escrow wavers (Make money on your taxes and insurance).
- Available for primary residence, secondary residence, and investment property.
- Warrantable and Non-Warrantable condos and multi-family property options.
Give Daylight Discount Mortgage a call at 1-877-256-5681 to speak with an mortgage expert who can help you determine if an Option ARM Loan is the right loan product for you!
or Apply Online Now - It's Quick, It's Easy, It's Free!
Other Adjustable Rate Mortgage Loan Options to Consider
Adjustable Rate Mortgage
1 Year Adjustable Rate Mortgage
2 Year Adjustable Rate Mortgage
3 Year Adjustable Rate Mortgage
5 Year Adjustable Rate Mortgage
7 Year Adjustable Rate Mortgage
10 Year Adjustable Rate Mortgage
Convertible ARMs - low fixed rate conversion for first 5 Years (60 Months)
