Posts Tagged ‘Mortgage’
Wage Earner borrowers looking for Stated or No Income Verification Option Arms beware!
The Pay Option Arm and/or Pick A Pay is a type of mortgage that has allowed consumers a choice of monthly payments on their payment coupon which are 1. ‘Start Rate’ of 1%-2% 2. Interest Only Payment 3. 15 year payment or 4. A 30 year payment. For financially savvy home owners these monthly options [...]