30 Year Jumbo Interest Only Loans

If you are looking for the stability of a 30 year fixed rate mortgage with the low monthly payments of an interest only loan, than a 30 year interest only jumbo loan may be right up your alley. An educated mortgage professional will be able to explain how these loan loans work in greater detail. Typically these products have a block of time where only the interest payment is due for a period of ten years. After the initial ten years, the loan essentially becomes a 20 year mortgage where both the principle and interest payments are due every month. Borrowers are not usually limited from being able to make extra principle payments each month. 30 year jumbo interest only mortgage rates are typically higher than that of fully amortizing 30 year jumbo mortgages.  30 year jumbo interest only mortgage rates are not displayed on the rate surveys featured on this site. You can use the broker and lender directory to research companies who service your community that may offer these programs.

Why Consider a 30 Year Interest Only Jumbo Mortgage?

• Low interest only payment option for a set number of years (ask you loan advisor for details).
• Security of a fixed rate loan with the knowledge that your mortgage payment will increase after the interest only period.
• Can be a good solution for homeowners or homebuyers who want to keep their payments low and who feel confident that their pay will likely increase over time (i.e. a physician who is finishing his/her residency).

Find Other Interest Only Jumbo Mortgage Financing Options

• 7 Year Jumbo ARM Interest Only
• 5 Year Jumbo ARM Interest Only