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  • Added for You - Have You Heard of the New 5/1 Interest Only ARMs with Option ARM Features?

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    nths. In this respect the loan is similar to a standard 5/1 interest only ARM.

    The second part of these powerful features is that you are allowed to make a minimum interest payment that is much lower than the standa

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    If you have an option ARM mortgage, also known as a pay option ARM by some lenders, then you need to read this. There are some new mortgage programs out there with a new kind of rate protection that most option ARM owners need to know about. If you have an option ARM and you're worried about escalating mortgage interest rates, then this new product may be for you.

    The new mortgage program is a 5/1 Fixed Interest Only ARM. What makes this interest only adjustable rate mortgage so cool are the two new features that have been built in for option ARM lovers.

    First, the interest rate is fixed for five years interest only, then can adjust for five more years while still interest only for a total of ten years of interest only. The incredibly powerful features that will appeal to most option ARM owners are that the interest rate cannot change for a minimum of sixty months. In this respect the loan is similar to a standard 5/1 interest only ARM.

    The second part of these powerful features is that you are allowed to make a minimum interest payment that is much lower than the standa

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    need to know about. If you have an option ARM and you're worried about escalating mortgage interest rates, then this new product may be for you.

    The new mortgage program is a 5/1 Fixed Interest Only ARM. What makes this interest only adjustable rate mortgage so cool are the two new features that have been built in for option ARM lovers.

    First, the interest rate is fixed for five years interest only, then can adjust for five more years while still interest only for a total of ten years of interest only. The incredibly powerful features that will appeal to most option ARM owners are that the interest rate cannot change for a minimum of sixty months. In this respect the loan is similar to a standard 5/1 interest only ARM.

    The second part of these powerful features is that you are allowed to make a minimum interest payment that is much lower than the standa

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    this interest only adjustable rate mortgage so cool are the two new features that have been built in for option ARM lovers.

    First, the interest rate is fixed for five years interest only, then can adjust for five more years while still interest only for a total of ten years of interest only. The incredibly powerful features that will appeal to most option ARM owners are that the interest rate cannot change for a minimum of sixty months. In this respect the loan is similar to a standard 5/1 interest only ARM.

    The second part of these powerful features is that you are allowed to make a minimum interest payment that is much lower than the standa

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    ore years while still interest only for a total of ten years of interest only. The incredibly powerful features that will appeal to most option ARM owners are that the interest rate cannot change for a minimum of sixty months. In this respect the loan is similar to a standard 5/1 interest only ARM.

    The second part of these powerful features is that you are allowed to make a minimum interest payment that is much lower than the standa

    Clicking for Eliminating Debts, Online Debt Consolidation Loans
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    nths. In this respect the loan is similar to a standard 5/1 interest only ARM.

    The second part of these powerful features is that you are allowed to make a minimum interest payment that is much lower than the standard interest only payment just like a classical option ARM. That's right. You can pay a below minimum interest payment even though you really have a 5/1 interest only ARM. The awesome thing that goes with it is that you don't have to worry about escalating payments if the Federal Reserve Bank continues to try to increase mortgage loan rates by raising the Federal Discount Rate (aka the federal bank overnight loan discount rate).

    So to wrap it up, you can get an adjustable mortgage with a fixed interest rate for five years which also allows you to pay a below minimum interest service payment just like an option ARM. This combination is extremely powerful for self employed borrowers with seasonally variable cash flows because of the ability to vary your mortgage payment size with the size of your monthly net cash flows.

    Downsides? Well, you can't do the lowest de

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