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Creative Mortgage Lending has introduced its Hybrid Pay Option Adjustable Rate Mortgage (ARM). The Hybrid Pay Option ARM offered to brokers gives borrowers the choice of one of four options for payment—30-year amortization, 15-year amortization, interest-only payments or deferred interest.
Southfield, Mich.-based Creative Mortgage Lending is a wholesale lender specializing in alt-A and non-prime lending. For more information, visit www.cmldirect.com.