Interest Only Jumbo Mortgage
With a 10-year interest-only mortgage, consider another benefit: the period of time that you have a rate lock expires only at the end of the initial ten years. It would almost be like your mortgage approval is held over until the mortgage converts to a standard 30 year fixed mortgage.
Interest-only mortgages have incredibly enticing perks. You can keep your monthly payment low by paying just the interest portion and keeping your principal amount unchanged.
If you are self-employed or have a commission-based pay structure, you’re in the business of leveraging your liquid assets for gains, or you have rising income, you should consider a 10-year interest-only mortgage from MBANC.
- 10 Year I/O 40 Year Fixed
- Loan Amounts up to $5 Million
- 40 Year Fixed with a 10 Year Interest Only Payment
- Loan Amortizes into a 30 year Fixed After 10 Years
- Loan Converts (Amortizes) into a 30 Year Fixed After 10 Years
- Offers affordability (lower monthly payment) and financial flexibility
Pay Interest Only On all MBANC Loan Programs
This loan allows you to use your Bank Deposits instead of "traditional" income documentation i.e., Tax ReturnsApply Now
Applicant who generates income either in the form of Commissions or as an Independent ContractorApply Now
Ideal for an investor who wants to use the Cash Flow from the property as a means of qualifyingApply Now
Purchase or Refinance a home with a Loan Amount greater than the Fannie Mae Loan Limit of $510,400 for a single-family homeApply Now
Individuals who live and work in the United States that want to purchase but may not have proper documentationApply Now
With a 10-year interest-only mortgage, consider another benefit: the period of time that you have a rate lock expires only at the end of the initial ten yearsApply Now
No tax returns needed, qualify using rental income, or bank statements. 10 year interest only payment option with no balloon payment. Loans up to $3.5 millionApply Now