4 Pay Options is an adjustable rate mortgage program.  This is becoming a very popular program as each month you may choose 4 different ways to pay your mortgage.  You may make a minimum payment (possible negative amortization), an interest only payment, a payment based on a 15 year amortization or a payment based on a 30 year amortization.  This program is fantastic for those who know they will relocate within 3 to 5 years and want to manage monthly outflow and also for those who receive larger bonus and commission checks periodically where they can down a lump sum at a later date and keep the monthly outflow to a minimum.

You have a choice of 3 indexes to choose from which is what your monthly interest rate is calculated on.  To view the individual indexes click below for your option of choice.

      12 Monthly Treasury Average

      London Inter Bank Offering Rate

     11th District Cost of Funds Index