What is an option ARM? What are the different options available with this type of mortgage?
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Option ARMs also called pickapayment or payoption ARMs are 15 or 30year adjustable rate mortgages that offer the borrower several monthly payment options The four major types of payment options includ...View the full answer
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Related Book For 
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett
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