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Interest Only Mortgage

Check out our low rate interest only mortgage loans and home equity credit lines for cash out or refinancing. For people that have incomes that fluctuate, the home loans with interest only payments make a lot of sense financially. Who doesn't want lower monthly payments? Saving money and reducing your monthly expenses with an interest only mortgage can improve your financial state quickly. Interest only mortgage payments allow you to pay a smaller amount monthly, because no principal is due. Interest only loans are very popular with first time homebuyers, and borrowers taking out home equity credit lines for financing home improvements.

Compare Mortgage Rates on an Interest Only Home Loan Offers

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The time has arrived for you to consider all your finance options. Compare loans with principal and interest versus a mortgage with interest only payment options to maximize your cash flow.

Did you know that refinancing debt can have a positive impact on your credit scores? Taking out a credit line or 2nd mortgage is another healthy way to reestablish credit as well.

  • Deduct 2nd mortgage interest
  • Permanently eliminate revolving debts
  • Consolidate all your bills into one lower mortgage payment
  • Refinance your existing 2nd mortgage
  • Lower your housing costs with an Interest Only Mortgage
  • Convert HELOCs to a Fixed Installment Loan
  • Get Access to a Line of Credit for Anytime Cash Out
  • Finance Home Improvements with a Credit Line
  • Interest Only Mortgage Refinancing
  • Refinance your home equity line of credit

Interest Only Loan Features

Low Payments on Interest Only Mortgages
Increased Purchase Loans
Fixed Interest Rates with Hybrid ARMS
Low Intro Rates ie. 3/1, 5/1, 7/1 & 10/1 ARMs
Jumbo Loans with Interest Only Payment Options
Refinance or Purchase Loans

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The era for paying interest at a significantly higher rate has disappeared for people with low fico scores.

mortgage interest only

Refinancing with an interest only mortgage payment can drastically reduce your housing expenses monthly.


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Nationwide Refinance

Nationwide Loan Dept.

Call our Loan Department with any questions. Whether you want to discuss home equity loan programs, mortgage rates or just need more assistance understanding the best way to consolidate your adjustable rate debt, Nationwide can help you find a loan that meets your needs.

More Information for Saving Money

Disclosure
2.75% is an example of a 5/1 Hybrid ARM. The interest rate is fixed the initial 60 months before converting to the adjustable period.

This loan is amortized on 30-year term and the borrower must be owner occupied. The interest rate is 2.750% and the APR is 2.89%. The initial Cap is 2% / Annual Cap is 2% / Life Cap is 6%. The Margin/Index is 2.75%/0.15%. The Estimated Monthly Payment per $1,000 is $4.08.

 

 

Additional Financing Choices from Nationwide Mortgages

Less Paperwork is better! Nationwide provides great 1st & 2nd loan product features like Stated Income Loans.

Sales Professionals and Self-Employed Borrowers can now get THE Low Rates of our Full documentation program with the limited documentation loan.
You don't have to refinance your 1st to get cash out! Take out an equity mortgage and get money back at a great interest rate.
Time to Fix your ARM loan. Refinance for a lower payment and fixed rate term. We help people with limited or poor credit secure financing they can afford.

Apply Online or Shop with our Friendly & Experienced Lenders for a Free Quote
 
 
 

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