Statewide Bancorp Releases Innovative 30-Year Fixed Rate Mortgage with Payment Flexibility

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Statewide Bancorp, Inc. today announced the much-anticipated release of the 30-year fixed rate mortgage with minimum payment options (The Smart Choice). This new loan allows consumers to have the best of both worlds.

A large amount of homeowners today that have adjustable rate mortgages are becoming financially strapped by their ARM's resetting at higher rates. In some cases adjustables are resetting anywhere in the 8% to 10% range. The time is now to refinance to a fixed rate while rates are still low.

Statewide Bancorp, Inc., a mortgage company, today announced the much-anticipated release of the 30-year fixed rate mortgage with payment flexibilty.

Statewide is calling this new loan The Smart Choice Loan. "Over the last few years, Pay Option ARM's and interest only mortgage's were very popular but today with the threat of an increasing interest rate enviroment many consumers should consider refinancing their loans into fixed rates." said Alex Diaz, Jr., Chief Operating Officer of Statewide Bancorp, Inc. "Since it's release on April 1st, the response has been overwhelming."

This new product is designed to meet a growing demand amongst homeowners for a simpler way take advantage of todays low interest rates by converting to a new fixed rate loan with payment flexibility. "A large amount of homeowners today that have adjustable rate mortgages are becoming financially strapped by their ARM's resetting at higher rates. In some cases adjustables are resetting anywhere in the 8% to 10% range. The time is now to refinance to a fixed rate while rates are still low." said, Diaz.

Homebuyers and homeowners that are interested in taking advantage of this special new product can now visit http://www.statewidebancorp.com or call us toll-free at 1-800-596-1440.

About Statewide Bancorp, Inc.

Statewide Bancorp is one of the countries fastest and most innovative 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. Statewide Bancorp, Inc. is headquartered in Rancho Cucamonga, California and does business in various states accross the country. For more information about Statewide Bancorp, Inc., visit http://www.statewidebancorp.com.

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Alex Diaz, Jr.
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