Articles About Finance And Refinancing

Low Interest Rates Help New Homeowners Achieve Their Dreams

Laguna Niguel, CA (PRWEB) February 23, 2008 -- Great deals are now available on adjustable rate mortgages (ARMs) from www.optionarmsdirect.com. A new dream home is a few clicks away with their online forms and application process. They also provide bountiful information concerning the complex world of finance and lending, so buyers are well informed and feel confident in making one of the most important purchases in their life. With over 30 years of experience in the lending field and 20 years working specifically with Option ARMs, the company is poised and ready to help hard working Americans achieve their dream.

With over 40 different Option ARM loans to choose from, there is a loan that will meet every individual's unique situation with considerable savings. For example, there is a 40 year term with a 1% start rate available, and 100% loan to value financing is also offered. Each Option ARM has slightly different characteristics with regards to rates, terms and underwriting guidelines. These loans are great because they keep payments low and also ensure the lowest interest rates possible so buyers can truly afford a home they never thought possible. The interest rate is based on FICO scores, which follow various indexes, thus ensuring a slow, gradual shift in interest rate. Even if rates suddenly change, they are averaged out over several months so the perceived change is not very significant. Clients rarely need to refinance once they lock in their loan details, and if they do it is merely to have extra cash out.

"By having a large selection of Option ARMs, you will likely get a better deal," says company president Steve Spiro. "That is what we offer you together with excellent personal service. We know these loans inside and out and have 20 years of experience, so we know what to expect and can help you choose the right one."

According to the site, the best Option ARM currently offered has a 10-year payment cap, 125% recast rate, and 30-year term. Based on current rates, this will keep payments low for the next 10 years, thus allowing ample time for a buyer's annual income to grow as the payment grows. This is not FICO driven and is available for 80% loan to value; however, the program will go as high as 90% with a 695 FICO score. For example, the monthly payments on a loan amount of $500,000 could be as low as $1,264 a month. They typically do not charge any points for this loan and there are no up front fees; payment for the appraisal is only necessary if the buyer actually gets the loan.

The company goes to great lengths to save its clients money both up front and over the life of the loan, but fears these bargains maybe not be available for long. Those interested in an Option ARM should hurry as they are becoming increasingly difficult to obtain; LTVs and maximum loan amounts are dropping and minimum FICO scores and starting rates are rising. Visit www.optionarmsdirect.com and take advantage of the wealth of information they provide, view the loans they have to offer and contact the company to discuss the details of getting into a new home soon.

Contact: Steve Spiro

Option ARMs Direct

949-212-3492

equityresources1@cox.net

www.optionarmsdirect.com

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

Interest Rate On Refinance Home Loans Explained
The interest rate issue is the main problem when one wants to refinance a home loan. This is because the costs associated with home loans are high and thus, a single point raise on the interest rate can cost thousands of dollars. There are different reasons why one may want to refinance but the interest rate is always an important variable.

Secured Loans: High Amount at Low Interest Rates
People avail secured loans for various reasons. Secured loans are loans that need collateral to be pledged. The collateral can be your house, property or any high value possession. There are various advantages of a secured loan which are discussed below:

Mortgage Loans, Construction Loans, Refinancing Mortgage Rate
TheLoansStore.com was created with the interests of the consumer in mind. If you have ever wondered if owning your own home or refinancing your current home would be possible, dont wonder anymore. From new Construction Loans to Mortgages Loans, Bad Credit Home Loans and Refinancing Mortgage Rate. Whether you have great credit, marginal or bad credit, theLoansStore.com can help. We know one size never fits all borrowers.

Low Rate Home Equity Loans - Refinancing For A Shorter Term And Better Rate
Looking for a better rate is a common reason people choose to refinance their home equity loan. But did you know that shortening your loan term can save you more money than reducing rates? Combine the two and you will save yourself thousands in interest costs and trim years off your payment schedule.

A secured bad credit home mortgage loan comes with reduced interest rates
A secured bad credit home mortgage loan comes with reduced interest rates

Credit Heaven Announces their Rate Busters Program to Slash Interest Rates for High Interest Loans and Credit Cards
The Rate Busters program is designed to achieve affordable and sustainable payments for borrowers by negotiating lower interest rates or periods of no interest on existing credit card, auto loans and mortgages. This in turn will maximize consumers' ability to reduce monthly payments, reduce debt, maintain or improve consumers' credit as well as reduce creditor's bad debt.

Low Interest Rate Used Car Loan  Car at Simply No Cost
Introduction

Student Loan Financial Group Announces Interest Rates on Variable-rate Loans Increasing July 1st
Student can take advantage of the lower rate if they apply before June 30th.

A Low Interest Debt Consolidation Loan When Your Credit Card Interest Is Too High
You just didn't realize you were digging a hole for yourself. You were paying bills and buying ordinary things. Can you even remember when you did anything truly luxurious? Yet, your credit card spending still got away from you and if someone asked you, you doubt you could explain it. In fact, it would be hard to explain anything with the current level of fog in your brain; you wonder, should you ask a doctor for anti-depressants? Somehow, everything is harder; it feels as of you are walking through invisible treacle and there is no-one to rescue you. There is an answer and you don't need a rescuer. What you do need is a low interest debt consolidation loan.

Low Interest Rate Auto Loan - Increase Chances Of Getting Approved For A Low Rate
Getting approved for an auto loan is easy. However, obtaining a low rate auto loan may be a bit more challenging. When financing any sort of merchandise, the interest rate received makes a huge difference.

Refinancing Mortgage Loan - Get The Lowest Interest Rate You Can When Refinancing
Refinancing can be a very simple process. You fill out a few applications, take the best offer and you're done.

Get Personal Loan, Home Loan, Car Loan after Bankruptcy at Low Rate of Interest
Do you feel your chances of getting approved for a loan after filing bankruptcy is bleak. Wait for a while, bankruptcy loan can help you even after filing for bankruptcy, getting approved for funds after a bankruptcy is not that daunting as you think.

Refinancing Mortgage: Low Payment And Low Interest Rates
Those seeking a financial alternatives are often caught thinking that low payment refer to low interest rates. They should be aware that low interest rates vastly differ from low payment. With this in mind, they can veer away from dubious loan agents who will rush them to a new mortgage with high interest rates and add-on fees.

Auto Loans Low Interest Bad Credit: Car Loan without Credit Problem
Owning a car is apart from necessity enhances your status in the society as well. Driven by the urge due to either of the two reasons, you may wish to own a swanky car but are restrained by financial constraints. Going for loans is a good option but if you are a bad credit holder than a fear psychosis of exorbitant rates or being discriminated may check your advances for the quest of normal loans. This myth is now unshackling as bad creditors like you can approach for bad credit auto loans available at low interest rate. These loans are especially fabricated for people having CCJ?s, arrears, any default payment or due payments. Some facts and figure The lender is more interested in your current repaying capacity rather than seeing the ...