Payment Option ARM: Getting a Second Mortgage Behind a Negative Amortization 1st Loan

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Payment Option ARM: Getting a Second Mortgage Behind a Negative Amortization 1st Loan
(presented by www.refinance-refinance.net - mortgage lenders)

By Jennifer Frakes

Over the last several years, payment option adjustable rate mortgages (ARMs) have become very popular among homeowners thinking about refinancing or taking out a home equity loan (second mortgage). With an option ARM, you have the ability to pick from several different payment options each month. According to BD Nationwide Mortgage, those loan options are as follows:

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This entry was posted on Wednesday, July 12th, 2006 at 11:47 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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