Find Low Interest Only Mortgage Rates

While SureHits, the company that compiles rates for this web site, does not collect interest only loan rates from the various lenders and brokers listed, the majority of the companies still likely offer an assortment of interest only financing products. Interest only loans are not legal in all states as various government authorities have decided that these products may be to risky for consumers and the welfare of their state's housing markets. Be sure to ask the various companies that you speak to whether you can obtain an interest only loan in your area.

Interest Only Loan Highlights

• Allow consumers to pay only the interest portion of their mortgage for a pre-determined period of time. Many interest only mortgages (IO) have 3 - 15 year interest only periods. Most of these loans are based on 30 year amortizations. Thus, once the IO period ends, the consumers than has to cram the principal payments into the remaining years of the loan. Most consumers plan to refinance before their interest only period ends.
• Many home owners like the payment flexibility that interest only loans afford them. Certain months one may opt to just pay their IO portion and other months they may make additional payments directly allocated to paying down their principal balance (always be sure to ask a lender is there are any issues with making additional payments towards principal).
• In rapidly appreciating real estate environments, interest only loans can help people keep their payments low while their property grows in value.
• Interest only loans have a higher level of risk when compared to fully amortizing fixed rate products. Be sure to ask a mortgage professional about the pros and cons of these products.

Request Current Interest Only Mortgage Rates from the Following Companies

American Financial Resources is a New Jersey mortgage lender that offers home financing assistance throughout much of the country. They are one of the nation's leading FHA mortgage lenders and also offer several interest only loan options - 800-316-9508.

From Maryland down the Atlantic Coast to Florida, Gateway Bank Mortgage has your interest only mortgage needs covered. They are a North Carolina mortgage bank with several offices in the Tar Heel State. You can reach them at 877-728-3569.


Thank you for researching interest only loan rates and providers on BurlingtonMortgage.biz. If you are a mortgage professional and would like to be featured on this site, please call 910-547-6910 for more information.

Interest Only Mortgage Programs to Explore :
30 year IO mortgage
10 year interest only mortgage
7 year mortgage interest only
5 year interest only loans
3 year interest only loans