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  California Affordable Housing Info

More Californians are Turning to Pay Option ARM Loans
More and more California home owners are turning to a Pay Option adjustable rate mortgage (ARM) loan when refinancing to cash out or to lower monthly payments.  This increase of people refinancing in California using a Pay Option home loan is because the program gives the homeowner the choice to make one of four different payments every month.

The Pay Option ARM refinance home loan is a relatively new product that allows you four distinct payment options each month.  One of these options is the popular interest only loan.

Pay Option ARM mortgage loans are ideal for the self-employed, Generally the self-employed have fluctuating income and this program allows a mortgage payment that is consistent with cash flow.




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