A type of mortgage in which the borrower has a variety of payment options each month.
Related information about option ARM loan:
- Option ARM Loan: Typical Features, Advantages, Pay Option ARMs
Option ARM loan programs are right for you if you'd like to own your property only for a short time, and prefer affordability and flexibility in your monthly payment.
- Option ARM Loans - Banking and Loans at About.com
Option ARM loans are mortgages that give a borrower a choice on how much a given payment is. While their flexibility makes them appear attractive, option ...
- Option Arm Mortgage | The Truth About Mortgage.com
The “option arm” loan program has become one of the most popular mortgage choices for borrowers in the United States in the last few years due to its forgiving ...
- Big Banks Easing Terms on Loans Deemed as Risks
Jul 2, 2011 ... Having an option ARM loan, however, apparently qualifies the borrower for special help. The loans, with their low initial payments and “teaser” ...
- What Is an Option ARM Loan? | Home Guides | SF Gate
Depending on whom you ask, option ARMs are either mortgage products that provide payment flexibility to homeowners or a slippery slope to financial ruin.
- How Does An (Option ARM) Adjustable Rate Mortgage With ...
Option ARM Loan Before reading this section please read the section above “ How Does An ARM Loan Work.” Both loans, ARMs and option ARMs, work the ...
- History of the Option ARM; - Golden West
sophisticated understanding of the Option ARM loan and did not know anything about its history or its purpose in relation to portfolio lending. Instead, mortgage ...
- Will Option ARM Loans Still Implode? - I am Facing Foreclosure .com
Oct 26, 2009 ... In addition to requiring the Fully Amortizing Payment after some fixed number of years, each Option ARM loan had a “cap” on how high the loan ...