Refinance Mortgage, Lowest Mortgage Rates - ERATE
     Best Mortgage Rates Source for over 15 Years

Mortgage Rates ERATE/Twitter
Personalized Mortgage Quotes
       
Fixed Rate Interest Only Mortgages
30 Year, 20 Year, 15 year

See also:
Interest Only 5/1 ARM
Interest Only Loans have Risks
Interest Only Mortgages Leverage...?


Interest Only Fixed Rate Mortgages

How they work.

They are usually fully amortizing fixed rate loans that may have a term of 10, 15, 20 or 30 years.

An Interest Only Fixed-rate Mortgage that is amortized over 30 years permits the borrower to pay interest only for the initial interest-only period of 10 or 15 years.

Following the initial interest-only period, the outstanding principal balance will be re-amortized over the remaining term of the loan. This will most likely cause the borrower's monthly payment to increase, since it will now include a payment of principal and interest. Interest Only Fixed-rate Mortgages will fully amortize by the end of a 30-year term.

Interest Only Mortgage Rates
Quick Form - Get 4 Interest Only Rate Quotes

Reduce your monthly mortgage payment by getting an Interest Only Mortgage
Service and Data Privacy provided by SecureRights
This is FREE! No Credit Check and No Obligation.
Loan Type
Property Location
Property Type

 
(No mobile or manufactured homes)
 
HACKER SAFE certified sites prevent over 99.9% of hacker crime.
SecureRights collects and transfers your information to complete your request. By submitting your request you agree to be contacted in accordance with SecureRights Privacy Policy. View SecureRights Licenses.
 
 



Lenders offer the following two Interest Only Fixed-rate Mortgage options:

  • 10/20 Interest Only Fixed-rate Mortgage - a 30-year fixed-rate mortgage with a 10-year initial interest-only period followed by a 20-year fully amortizing period.
  • 15/15 Interest Only Fixed-rate Mortgage - a 30-year fixed-rate mortgage with a 15-year initial interest-only period followed by a 15-year fully amortizing period.

    Conforming Loan Limits
    Number of Units Loan Amount
    1 Unit $417,000
    2 Units $533,850
    3 Units $645,300
    4 Units $801,950



 

 

 




The First! In 1992, our founding company, LoanWorld, originated the first mortgage over the Internet.
Then in 1994 we created the first online loan application.

 

Just One Click = Current Mortgage Rate Charts
Current Mortgage Rates Alaska Mortgage Rates Hawaii Mortgage Rates Washington DC Mortgage Rates Maryland Mortgage Rates Delaware Mortgage Rates Connecticut Mortgage Rates Rhode Island Mortgage Rates Massachusetts Mortgage Rates New Hampshire Mortgage Rates Maine Mortgage Rates Vermont Mortgage Rates New Jersey Mortgage Rates New York Mortgage Rates Pennsylvania Mortgage Rates West Virginia Mortgage Rates Virginia Mortgage Rates Kentucky Mortgage Rates Ohio Mortgage Rates Michigan Mortgage Rates Indiana Mortgage Rates Illinois Mortgage Rates Iowai Refinance Mortgage Rates North Carolina Mortgage Rates Tennessee Mortgage Rates South Carolina Mortgage Rates Florida Mortgage Rates Georgia Mortgage Rates Alabama Mortgage Rates Mississippi Mortgage Rates Missouri Refinance Mortgage Rates Arkansas Mortgage Rates Louisiana Mortgage Rates Texas Mortgage Rates Oklahoma Mortgage Rates Kansas Mortgage Rates Minnesota Mortgage Rates Nebraska Mortgage Rates South Dakota Mortgage Rates North Dakota Mortgage Rates Colorado Mortgage Rates New Mexico Mortgage Rates Arizona Mortgage Rates Utah Mortgage Rates Wyoming Mortgage Rates Montana Mortgage Rates Idaho Mortgage Rates Nevada Mortgage Rates Washington Mortgage Rates Oregon Mortgage Rates California Mortgage Rates

 




 

Rates/Facts by State




 BBBOnLine Reliability Seal 

 Equal Housing Lender 

 Fannie Mae 
HACKER SAFE certified sites prevent over 99.9% of hacker crime. ERATE on Twitter
The information contained on this website is provided as a supplemental educational resource. Readers having legal or tax questions are urged to obtain
advice from their professional legal or tax advisors. While the aforementioned information has been collected from a variety of sources deemed reliable,
it is not guaranteed and should be independently verified.
Copyright ©1999-2009 ERATE ∑ All rights reserved ∑ California Dept of Real Estate · Real Estate Broker #01292265 ∑ DRE Phone 916-227-0931
ERATE · 2900 Gordon Ave · Santa Clara · CA · 95051
Get Today's Mortgage Rates
Get Today's Mortgage Rates
Get Today's Mortgage Rates
Get Today's Mortgage Rates