If you have a pay option ARM loan it isn't a bad thing. In fact you should probably stay in the loan as long as you can and watch the market to see when you should refinance, because right now is NOT the time to get out of this loan. I will explain why. As an 11 year veteran in the mortgage industry, owner of two of pay option ARMs, and one time top producer and first time seller of this product I know the ins and outs of this product. Â In fact I refinanced my parents on this loan as well
Option Arms aren’t so bad.. Truth about pay option ARMs
Saturday, August 8, 2009 at 1:45 AM Posted by kang roy
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