Payment Option ARM Mortgage
Negative Amortization Loans - Adjustable Rate Refinance

Most of mortgage lenders continue to hold off on approving the payment option ARM mortgage, but most banks have eliminated or significantly tightened the guidelines lines for negative amortization home loan. We specialize in fixed rate mortgage refinancing, and we have helped thousands of borrowers refinance out of their adjustable rate mortgage into a secure fixed loan that they can afford.

Payment Option ARM mortgage loans offer unique payments choices with negative amortization, interest only loans and fixed rate loans for improved cash flow management.

At one time, Nationwide lenders offered negative amortization loans with deferred interest for jumbo home loans. Unfortunately, second mortgages are no longer allowed to subordinate behind neg-am 1st mortgages for cash out and low payments.

  • Interest Only Option
  • Negative Amortization Option
  • Fixed Rate Option

Borrowers Get More Control with Payment Option Mortgages for better cash flow management
If you want more purchase power with the lowest possible payment, then talk to your loan officer about the option ARM mortgage that gives you more choices every month.
Principal & Interest (Fully Amortized Payment)

BD Nationwide does not promote payment option arms. The payment option arm may have been a good idea, because it allowed people to select a payment option each month, but the default rate was awful!

  • Option ARM COSI
  • Option ARM MTA
  • Option ARM COFI

Payment Option ARM Mortgage

3 Monthly Payment Options

Refinance Negative Amortization into a Fixed Rate Mortgage

Negative Amortization Payment (On Hold)

Jumbo Home Loans OK

Deferred Interest Loans (See Lenders)

First Time Homeowners (On Hold)

Our payment option ARM's are available for people with good and fair credit scores ranging from 600-800. We offer pick a payment loans with home equity loans that are allowed behind negative amortizations. Nationwide offers a simple online form that is easy to complete in seconds. Relax at home comparing payment types, second mortgage terms, etc. Very few lending brokers offer second mortgages behind neg-am loans and payment option 1st mortgages. Even if you are refinancing the interest on your first mortgage now, we can help you find a great second mortgage. Shop lenders to get more helpful advice and a free consultation from a professional loan officer.

These payment option mortgage loans are a very unique loan programs, because it give you the ability to select the payment type each month.  Negative amortizations are controversial, because the low payment option adds up to an increased mortgage balance at the end of the year.  It all comes down to appreciation. Will your home gain more equity than it loses with the negative amortization?

80-10 Home Loans from Freddie Mac:
FHA, Fannie Mae and Freddie Mac loan programs do not support payment option ARMs or negative amortization loans.

Finance Tips and Loan Advice

Lower intro rate
Low payments can increase home-buying power
7% Cap of payment increases for first 5 years

Loss of Equity with negative amortization
Limitations for second mortgage options for future subordinate refinancing. Pre-payment penalties

  • Cash Out Refinance
  • Stated Income Second Mortgages
  • Debt Consolidation of High Rate Credit Cards
  • Low Rate Home Equity Loans

*Intro rate of First Mortgage that may cause negative amortization resulting in loss of home equity.

Don't wait any longer, Call and speak with a seasoned loan professional live. We offer a helpful consultation that includes a free loan quotes with no obligation.


Preferred Loan Type
Property Type
Property Value
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Resource Tools

ARM vs. Fixed Rate Calculator
How does a fixed rate 1st or 2nd mortgage compare to an adjustable rate mortgage or home equity line of credit?

2008 FHA Mortgage Limits

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BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Please be aware that this is not an advertisement for credit. This site does not support payment option loans or contain an offer to make a specific home loan for any purpose with any specific terms. This is a web-site and no loans can be guaranteed as loans and rates are subject to change. Nationwide was affiliated with national lenders and a federally chartered bank located in Maryland licensed to offer home loans in all 50 states. Copyright 2001-2011 and Beyond, Nationwide Mortgage Loans - is a website and cannot make loans. All rights reserved.