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- Interest Only
Loans -
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"Interest
Only" loans are a great way to lower your mortgage payment
while freeing up extra cash each month. You
choose the adjustment period of 6-month, 3,
5, 7 or 10-year that best suits your financial goals.
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3 Year
LIBOR ARM
- Rate/payment adjusted every 6
months or 1 year after the first 3 years
- First rate adjustment maximum of
2% over the initial rate
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Lifetime rate cap maximum of 5% over the initial rate
- Up to 95% Loan-To-Value
- Purchase or Refinance
- Primary Residence, Second Home
and Investment Property
- Rate is indexed to the LIBOR
index
current rate
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5
Year
LIBOR ARM
- Rate/payment adjusted every 6
months or 1 year after the first 5 years
- First rate adjustment maximum of
5% over the initial rate
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Yearly rate cap rate adjustment maximum of 2% over the initial
rate
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Lifetime rate cap maximum of 5% over the initial rate
- Purchase or Refinance
- Primary Residence, Second Home
and Investment Property
- Rate is indexed to the LIBOR
index
current rate
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7 Year LIBOR ARM
- Rate/payment adjusted every 6 months
or 1 year after the first 7 years
- First rate adjustment maximum of 5% over the initial rate
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Yearly rate cap rate adjustment maximum of 2% over the initial rate
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Lifetime rate cap maximum of 5% over the initial rate
- Purchase or Refinance allowed
- Primary Residence, Second Home and Investment Property
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Rate is indexed to the LIBOR index
current rate
10 Year LIBOR ARM
- Rate/payment adjusted every 6 months
or 1 year after the first
10 years
- First rate adjustment maximum of 5% over the initial rate
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Yearly rate cap rate adjustment maximum of 2% over the initial rate
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Lifetime rate cap maximum of 5% over the initial rate
- Purchase or Refinance
- Primary Residence, Second Home and Investment Property
- Rate is indexed to the LIBOR
index
current rate
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Certain conditions and
restrictions apply. Contact us
for more information. |
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