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Interest Only Mortgage

Check out the low rates available on interest only mortgage loan programs and home equity credit lines for quick money or refinancing for lower payments. 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. New home buyers and existing homeowners alike continue to migrate towards the "interest only" programs because it typically yields low rate home loan payments for a period up to 10 years.

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.

interest only mortgage rates

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.

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

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

Did you know that you don't always have to refinance your 1st to get access to money? If you have good credit or enough equity you may be eligible for a home equity line of credit or installment loan that is considered a 2nd lien on your property.

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

This is not an advertisement for credit. See Privacy for Details. Nothing on this web site contains an offer promise either to make a mortgage loan or that any participating lender will guarantee any home loan for any purpose or on any specific terms. Loans cannot be made online or be approved without an underwriter analyzing your credit score, debt to income ratio and combined loan to value.

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