interest-only rate mortgages
rate type: fixed or justable
Interest-only payments on your mortgage loan for the first five or seven years of your 30-yr amortized loan. Allows for lower payments.
With interest-only mortgage loans, your monthly payment is the interest rate charges for the mortgage loan only. No principal payments are being made.
|terms for 15- and 30- years|
|select either fixed or ARM|
|select this product for lower payment|
|select this product if you plan to move-up to better housing|
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