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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, have a commission-based pay structure, leverage your liquid assets for gains, or have rising income, consider a 10-year interest-only mortgage from MBANC

Program Highlights for Interest Only Jumbo Mortgage

  • Lower monthly payment and financial flexibility
  • 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