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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.
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terms for 15- and 30- years |
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select either fixed or ARM |
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select this product for lower payment |
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select this product if you plan to move-up to better housing |
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More Loan Information
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