Released on = January 6, 2007, 10:03 pm

Press Release Author = Camelot Marketing

Industry = Financial

Press Release Summary = Payment option ARM loans no riskier than any other home
mortgage loan for new home purchase or refinance

Press Release Body = According to Jaime Polanco, President of AmeriVision Mortgage
Corporation, payment option ARM loans are no riskier than any other type of mortgage
loan.

"It is not the loan that is risky, but how the available choices are utilized by the
borrower. These choices could put them at risk," states Polanco.

According to Polanco, Payment Option adjustable rate mortgage ( ARM ) gives the home
owner flexibility to decide which of four payment choices to make, including
interest only, every month. The program is ideal for home owners that have a
fluctuating income such as the self-employed.

"We believe in educating our clients on every aspect of any mortgage loan. Before
any of our clients sign the payment option ARM loan documentation they are fully
aware of all the benefits and the pitfalls of this type of program."

Bloomberg News recently reported that mortgage lender Countrywide Financial Corp.
regularly warns customers about the risks of paying less than the interest due on
loans offering that option.

Countrywide Chief Executive Angelo Mozilo reached out to borrowers by calling them
personally as part of a \"little experiment\" to understand the reasoning behind
making only minimum payments on pay-option loans.

Polanco continues, "According to the news report Mozilo said \"What we\'re finding out
is that they\'re pretty smart. It\'s like voters: Individually they\'re sort of idiots,
but collectively they seem to make the right decisions.\" I could not believe what he
was saying about his customers."

"As a mortgage professional it is my job to answer all consumer questions. Just
because the consumer stops asking questions, it does not necessarily mean that they
have all the information. It is also my obligation to give information about loan
programs that the consumer may not be knowledgeable to ask questions."

"Countrywide are transferring the burden of education on to their customers. Then
when the borrowers make ill-informed choices based on the limited education
received, Countrywide calls them "idiots."

"Many mortgage companies, and it would appear Countrywide is one, are too nervous to
explain all the implications of a loan because they feel that they will lose the
deal. This means that borrowers are getting into loans without knowing the full
ramifications. The mortgage company is then doing a disservice to the consumer and
doing absolutely nothing to enhance the image of the mortgage industry as a whole."

"Countrywide customers are not "idiots" as the Countywide Chief Executive was quick
to point out; the borrower was just ill informed during the loan process."

"Mozilo needs to make phone calls inside the company rather than outside, that way
consumers would be completely informed on payment option ARM loans," concludes
Polanco.

Jaime Polanco is President of AmeriVision Mortgage Corporation, a nationwide
mortgage company based in Southern California. AmeriVision specializes on payment
option ARM loans.

For more information please call 866 398 4664 or go to
http://www.goldmedalmortgage.com/PayOptionRefinanceLoans



Web Site = http://www.goldmedalmortgage.com/PayOptionRefinanceLoans

Contact Details = Keith Hunt
8190 Orchard Street
Alta Loma , 91701
$$country

9099871233
camelot21@mindspring.com
http://www.goldmedalmortgage.com/PayOptionRefinanceLoans