Released on = December 9, 2006, 10:24 am

Press Release Author = Camelot Marketing

Industry = Financial

Press Release Summary = Need to reduce your mortgage payment, consolidate credit
card debt, or get cash out? Refinance with a Pay Option ARM and you decide every
month how much mortgage to pay.

Press Release Body = Are you looking to reduce your monthly mortgage payment,
consolidate credit card debt, or get cash for any reason? If so, refinancing with a
Pay Option ARM home mortgage loan will get you the guaranteed lowest payment on the
market today. With a Pay Option ARM home mortgage loan, every month, you have the
complete freedom to decide which of four payment choices you would like to make
including interest only.

More and more homeowners are using Pay Option ARM home mortgage loans to consolidate
credit card debt. Paying off their credit card debts increases their monthly cash
flow. Some are even using the money they were spending on credit cards and paying
extra on their mortgage every month to reduce the term. These options let you decide
which months you need extra cash for whatever reason. Planning a trip and need extra
spending money? No problem, that month you can make the interest only payment.

As Pay Option ARM home mortgage loans let you decide the monthly payment they are
ideal for somebody that is in between jobs or those that have a fluctuating income
such as sales professionals or the self-employed.

For instance, a self-employed contractor will be busy during the spring and summer,
but due to weather conditions in the winter business will slow down. When business
is going well the contractor can make a fully amortized payment but when business is
slow he can take advantage of the new low deferred interest payment. With this
program, monthly mortgage payments can be made depending on current cash flow
situation.

Some home owners are using Pay Option ARM home mortgage loans to get cash out. This
cash can be used for any reason such as a down payment on a rental property, home
improvement, or start a business venture. Pay Option ARM home mortgage loans are
also ideal for a new home purchase. If you are a first time home buyer and want the
lowest possible monthly mortgage payment, this is the program for you.

Pay Option ARM home mortgage loans are a relatively new product that allows you four
payment options each month:
1. 15 year payment- Pay your home mortgage loan off and build equity faster as well
as save thousands of dollars in interest;
2. 30 year payment- This option will let you know how much to pay to have your home
free and clear in the standard thirty years;
3. Interest only option- This option allows you to pay only the interest portion of
your monthly payment so you can increase monthly cash flow;
4. 1% Minimum payment-This option allows you to pay your mortgage at a 1% rate of
interest for maximum savings.

The Pay Option is the absolute best adjustable rate mortgage, ARM, product available
today for refinancing or debt consolidation. It has built in features that protect
you from the typical worries associated with an adjustable rate mortgage. One is the
fact that your payment cannot increase more than 7.5% above the previous year for
the first five years. Another gives you the option to convert to a fixed rate
mortgage after the first three years. With these features in place you can rest easy
with your California Refinance and your new adjustable rate mortgage or ARM.

For immediate assistance on refinancing or consolidating credit card debt with a Pay
Option ARM home mortgage loans please call 1-866-398-4664 or go to
http://www.goldmedalmortgage.com/PayOptionRefinanceLoans


Web Site = http://www.goldmedalmortgage.com/PayOptionRefinanceLoans

Contact Details = Keith Hunt
8190 Orchard Street
Alta Loma , 91701
$$country

9099871233
camelot21@mindspring.com
http://www.goldmedalmortgage.com/PayOptionRefinanceLoans