Apply Online          


Welcome to Carteret Mortgage!
 Your source for consumer information  



Option Arm Manage your Mortgage!


Interest Only Mortgage

No Doc

Real Estate Investor



5 Year Fixed Payment MTA Option Arm

5 year fixed payment MTA option arm products are flexible. 5 year fixed payment MTA option arm products are used for my home and investment property.

5 year fixed payment MTA option arm products manage monthly income and expenses. 5 year option arm products gives control over your mortgage payment. Our mortgage payment  is our largest monthly expense, and the least flexible.  Choose one of four payment options monthly.

Get "Understanding the 5 Year fixed payment MTA Option Arm" by email. "Understanding the 5 Year Fixed Payment MTA Option Arm explains ho the product works.

        5 Year Fixed Payment MTA Option Arm Minimum Payment    A minimum payment is set for 60 months at a reduced rate. The payment rate is 1.90%. This  maximizes cash flow and may defer payment of interest allowing flexibility in managing tax deductions.  Read about the important tax considerations of the product. For concerns over deferred interest, read about the small amount of appreciation required to offset it.

        5 Year Option Arm Interest Only Payment    Defer paying principal and improve cash flow.  This option is not available if the interest only payment is less than the minimum payment.

        Fully Amortizing Payment Options   Make a principal and interest payment based on either a 30 or 15 year payment schedule. I have included a 5 Year Option ARM statement.

Choose your index from either the 1 month LIBOR or the MTA.

Here is a 10 year average comparison between a 30 year fixed and fully indexed LIBOR, MTA, COFI, and the 1 year Treasury Index in chart form.

    Additional Options    Increase the term of your loan from 30 to 40 years lowering your minimum payment even further. LTVs are now available up to 100%!

The Minimum Payment Advantage    The example below is based on a $400,000 mortgage. It compares a traditional 30 year fixed rate payment based on the above 10 year average to the minimum payment available, again, based on the last 10 year average. It assumes that the Minimum Payment increases by the maximum 7.5% per year after the 60 month fixed period.

                    30 Fixed               Cash Flow Minimum Payment                Monthly Savings                       Annual Savings

Year 1-5     $2,855                                $1,287                                        $1,586                                    $18,816
Year 6        $2,855                                $1,384                                        $1,471                                    $17,652
Year 7        $2,855                                $1,488                                        $1,367                                    $16,404

                                            Savings over 3 years        $52,872
                                            Savings invested at 8%    $56,885

Read some very important information about the 5 Year Fixed Payment Option Arm Prepayment Penalties. Learn to manage and protect yourself from this very important and potentially costly aspect of the product.

I have recently added a new website dedicated solely to the 5 Year Fixed Payment MTA Option Arm that may also be useful

Here is a useful 5 Year Fixed Payment MTA Option Arm payment calculator for you.

Read more about 5 Year Fixed MTA Option Arm Closing Costs

As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your consumer and mortgage debt is structured today can have a life changing effect in the years to come.  Read more about this free, no obligation service.


    5 Year Fixed Payment MTA Option ArmPrequalify for your 5 Year Fixed Payment MTA Option ARM

ARMs   Home Equity    Interest Only Mortgage  Investor Loans  Jumbo  Mortgage Links   Reverse Mortgage  No Downpayment Loans   Refinance Center   Site Map  Vacation Home Loans   Commercial Loans Mortgage Home

Certified Mortgage Planning Specialist

NEVER an Origination Fee!

Extensive consumer information on construction,remodeling, first time homebuyer,and no documentation mortgages.                                                                                                                       VA Mortgage