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5 Year Option Arm

5 year option arm products are flexible. 5 year option arm products are my choice for my home and investment property.

5 year option arm helps manage income and expenses. 5 year option arm products give you control over your payment. Income varies and unplanned expenses come up. Our mortgage payment is our largest expense, and the least flexible.  Choose one of four 5 year option arm payment options.

Request a copy of "Understanding the 5 Year Option Arm" by email. It is a document explaining how the 5 year option arm works.

        5 Year Option Arm Minimum Payment    A minimum payment is set for 60 months at a reduced rate. The minimum 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. 

        Fully Amortizing Payment Options    Make a principal and interest payment based on 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    You may increase the term of your loan from 30 to 40 years lowering your payment 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 30 year fixed rate payment based on the 10 year average to the minimum payment. Assumes that the Minimum Payment increases by the maximum 7.5%.

                    30 Fixed                    Cash Flow  Minimum                 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

I have recently added a website dedicated solely to the product.

Here is a useful 5 Year Option Arm payment calculator

Read very important information about Prepayment Penalties

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 Option ArmPrequalify for your 5 Year Option ARM

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