Option Arm Products help you manage your mortgage                  
 
 
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Option Arm information
Option ARM Guidelines
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Option Arm Mortgage Planner
   Carteret Mortgage

(888) 648-1714
(540) 710-1115
 
 
 
 
 
  Option Arm to manage your mortgage   
 

 

Option Arm

Option Arm products are flexible and, when used correctly, are very safe. Option Arm products can be complex and an often misunderstood mortgage so I have created this website to be your resource for consumer focused information about the Option Arm, who should consider an Option Arm, the benefits of Option Arms, and how they work.

Are Option Arm products something you should consider? The answer is yes if you want choices, control of your financial plan, and flexibility. With an Option Arm, you have several ways to repay your mortgage each month. Choose a minimum payment based on a payment rate as low as 1% with terms up to 40 years, an interest only payment, a fully amortizing payment, or something in between. It is your choice! An Option Arm can be an excellent choice for your home, investment property, or second home. Loan to value can be as high as 100% on an owner occupied home and up to 90% on a vacation home or investment property. Documentation types available include full documentation, stated income, and no ratio. Option Arms are often an excellent choice for a self employed individual but salaried individuals can benefit from the product as well.

As a mortgage broker, I have access to 38 different lenders who offer some variation of an Option Arm and we research the market to find the lowest margin available for your specific situation. You have the choice of many different indexes including the MTA, LIBOR, COSI, and CODI. Don't worry if you are not sure which index is best for you as they are fully explained inside! One of the real issues for people looking at this product is the amount of misinformation published in the popular press and, unfortunately, by some Loan Officers about the loan. This website will provide real and accurate information on how the loan works as well as some real world examples of how the product has benefited some of our past clients. An Option Arm can be a very effective tool in managing your finances but only if you understand both their positives and negatives. I personally have an Option Arm on my home, investment property, and a second home. As I have had a great deal of experience with the product over 10 years, I have chosen to specialize in the option arm.

As part of your overall financial plan, the Option Arm can help you meet your goals by giving you the flexibility to match your cash flow to your expenses. When used correctly, the Option Arm can free up funds for additional investments, making life changing improvements to your financial position.

Learn more about managing your mortgage with the flexible Option Arm.

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New! View my Wealthbuilder presentation and learn the safe way to manage your debt and fund your retirement.

I hope the information on this page was useful to you. Please scroll down to view my Mortgage Market Guide. It is a weekly publication explaining the financial markets from a consumer's perspective that is available on this website or by email subscription. I have nearly 8,000 subscribers today and would be happy to have you as well.

 

Please visit my other site, www.nva-mortgage.com for information on other loan types. Carteret Mortgage for our Corporate site
Bob Gammache, CMPS
Option Arm Specialist
Carteret Mortgage
bagmmache@Verizon.net

(888) 648-1744
AIM bgammache1
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