Option ARM mortgages, which allow borrows to defer or prepay interest at will by offering four monthly payment options, are known and marketed under a variety of names:

The following is an attempt to assemble a rather exhaustive list of all the names by which Option ARM mortgages and other mortgages with payment options are known:

Cash Flow ARM

Cash Flow Option Loan

Negative Amortization Mortgage

Fixed Option ARM

COFI ARM

30 Year Fixed Option ARM

1 Month MTA Option ARM

Payment Option ARM

Secure Advantage Loan

Smart 30 Mortgage

Investor ARM or Investment ARM

COSI ARM

Deferred Interest Mortgage

Pay Option ARM

The Secure Option Arm

GPM

Option Plus Loan

PayOption

Hybrid ARM

Hybrid Option Arm

Pay-Option ARM

If you are considering one of these loans, make sure you are living in an area with moderate gains and not using the minimum payment option every month because if you are making only a minimum payment you could possibly lose some of your equity due to negative amortization.

1 Month Option ARM

Flex 5

Neg Am Loan / NegAm Mortgage

Adjustable Rate Option ARM

Negative Mortgage

Quicken loans smart choice loan

Call to speak with Mortgage Info Guide for all of your loan options. Option ARM programs are great for the right person, but a terrible option for the wrong person.

NegAm

Quicken buyers advantage loan

Option ARM

Fixed Rate Pick a Pay

Pick A Pay

Pick A Payment

Flex Pay Option

Minimum Payment Option Mortgage

Pick Your Payment

Fixed Rate Pay Option

Power Option

Payment Advantage Mortgage

Even thought the option ARM mortgage has many different names it is still essentially the same product from lender to lender.

An Option ARM Loan may increase your principal owed due to negative amortization when the monthly payment is less than the interest accrued for the month. The loan will usually be recast when the pricipal rises to 110% of the beginning principal balance.

5 Yr Hybrid Option Arm

5 Yr Fixed Option Arm

30 Year Flex Pay Plus

1% Mortgage

One Percent Mortgage Solution

COFI, COSI, CODI ARM