Jumbo Interest Only Mortgages
Jumbo Interest only mortgages can be fixed or variable rate. Typically, either fixed or variable interest
only loans will give the borrower a 10 year period during which the payment the obligation are interest only
payments. If the loan is variable, after the fixed rate period, the interest rate is adjusted every year to
the sum of the LIBOR index plus a pre-defined margin rounded to the nearest one-eighth of one percentage
point - (0.125%). The margin will not change throughout the term of the loan however after the initial period
has passed, the unpaid balance is fully amortized over the remaining term and the borrower is now obligated
to make principal and interest payments to the lender.
Jumbo Fixed Rate Mortgages |
Jumbo Adjustable Rate Mortgages (ARMs) |
Jumbo Interest Only Mortgages
Jumbo Option ARMs |
Jumbo B/C Lending (Alternative Lending) |
Jumbo Construction Loans
