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 Details:
- 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
Mortgage Solutions Made For You
Bank Statement JumboThis loan allows you to use your bank deposits instead of "traditional" income documentation i.e., tax returns
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1099 JumboApplicant who generates income either in the form of commissions or as an independent contractor
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Rental Income DSCRIdeal for an investor who wants to use the cash flow from the property as a means of qualifying
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Asset UtilizationNo W2? No problem. Qualify for your home purchase or refinance using your liquid assets. Specifically designed for moderate to high net-worth borrowers
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Foreign NationalIndividuals who live and work in the United States that want to purchase but may not have proper documentation
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Interest Only JumboWith 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
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Multi-Family JumboNo 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 million
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