Rancho Cucamonga, CA (PRWEB) August 28, 2005
Statewide Bancorp, Inc., a mortgage company, today announced the much-anticipated release of the 40-year Pay Option ARM. This new loan allows consumers to qualify for more homes and borrow over a longer period of time to keep payments manageable.
"In today's market place pay option ARM's and interest only mortgages have become very popular. We have now just released 40-year financing on both products," said JR Diaz, Vice President of Statewide Bancorp, Inc. "As consumers are increasingly looking to access the equity in there homes, Statewide has made the process simple and affordable, allowing homeowner's to access capital for any needs they may have."
Many homeowners today are strapped by high interest credit cards and debt. This new offer may help lower their monthly payments by hundreds of dollars and even leave them with some extra cash. Common uses of the pay option ARM include buying a new house, consolidating debt, funding education, and making home improvements, all at a lower interest rate than is available with credit cards or other unsecured debt. And even with credit problems they still may qualify for this new special program.
The product allows borrowers to borrow more by amortizing the debt over a longer period of time. Statewide's product is designed to meet this growing demand amongst homeowners for a simpler way to leverage their home equity or to qualify for a new home. With today's increasing home prices affordability has become a real concern.
Now homebuyers and homeowners alike that are interested in taking advantage of this special new product can visit http://www.statewidebancorp.com or call us toll-free at 1-800-596-1440.
Statewide Bancorp is one of the countries fastest and most innovative direct discount mortgage companies. Statewide Bancorp has developed a process that enables the company to work efficiently with minimum overhead. The streamlined approach enables the company to offer competitive rates and fees. For more information about Statewide Bancorp, visit http://www.statewidebancorp.com.