Wednesday, August 01, 2007

Option Arm Loans and Prepayment Penalties

Today marks exactly one year since we started this podcast. Interestingly enough, this episode was inspired by a caller who had a prepayment penalty on an Option Arm Loan and told me she was counting down to the anniversary date of her loan so she could avoid a prepay. However, as it turned out we carefully reviewed her program and figured out a way to save money and pay the penalty. In today's episode we talk about Option Arms and look into scenarios where it's worth it to refinance during the penalty phase. Please click the title to hear the episode.

We have just moved our audio files to ClickCaster, after we kept them at Streamload/MediaMax which was extremely unreliable. Now thanks to Clickcaster, all files will be there when you want to hear them! For more information on Option Arms and any other mortgage questions, feel free to call in at our new number at 1-877-412-8730. You can also Click Here to contact us if you are looking for loan information.

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