Released on = April 25, 2007, 2:40 pm

Press Release Author = GoldMedalMortgage.com

Industry =

Press Release Summary = Refinance in California with pay option adjustable rate
mortgage where you choose your own payment every month. Lower your payment or get
cash out.

Press Release Body = Are you looking to reduce your California monthly mortgage
payment, consolidate credit card debt, or get cash for any reason? If so,
refinancing in California 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 California 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 California 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 California 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; 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 in California or consolidating credit card
debt with a Pay Option ARM California 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 = GoldMedalMortgage.com
California
866 398 4664