Lowest Payment: Who's the best candidate for the Option ARM? Option ARMs have helped many of our clients set up their personal finances to give them more options. Option ARMs can be valuable for many folks in different circumstances. One obvious profile is for anyone who has lots of CREDIT CARD DEBT or other high interest debt loans. Selecting the Option ARM will free up cash flow so that you can focus on paying off high interest credit card debts. Think about it … doesn't it make sense to DELAY paying off your mortgage which is at something close to 6% if you pay off your credit card debt which may be 10%, 12%, 14%, 18% or even higher? By referring back to our table, you can observe that the difference in monthly payment between the prevailing market rate and the Option ARM may be as much as $491 per month on a $200,000 mortgage. Take that $491 monthly savings and apply it to pay off your 14% credit card debts. Have you ever been frustrated because you want to establish a regular investment plan but just can't seem to find the extra cash flow? Option ARMs provide many clients with the jump start they need to focus their financial energies towards this objective. The power of freeing up an additional $500, $750, or more each month and investing the difference can really grow into something big over the next five years. Odds are the growth of these investments will be much more significant than the equity you might experience by paying off your loan through the typical home loan plans. There are many reasons to select the Option ARM type of home loan product and there are a number of considerations in selecting the right combination of variables to make this home loan work best for your circumstances. We'll be delighted to review each option with you to determine which situation works best for your individual needs. Contact Information Nations Home Funding 4700 Falls of Neuse Road Suite 120 Raleigh, NC 27609 919-877-0022 Ext 204 (p) 919-877-9505 (f)