Nice victorian home. Find 7 and 10 year interest only loan information.

10 Year Interest Only Loans & 7 Year Interest Only Mortgages

If you are looking for a low payment offered by interest only mortgage financing but are leery of the volatility of short-term ARM products, then a 10 year interest only loan or 7 year interest only mortgage might be the right program for you. Rates for these products can be slightly lower than that of thirty year fixed interest only loans and are traditionally a fraction higher than that of three year and five year products. These loans provide a good middle ground for balancing risk and reward. You get a rate that is fixed for an extended duration of time while enjoying low monthly payments. Give us a call today to see if one of these programs meets your needs.

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Benefits of 10 Year ARM Interest Only & 7 Year Adjustable Rate Mortgage Interest Only Loans:

  • Stability of a rate that is fixed for seven to ten years
  • Low monthly payments offered by interest only financing
  • Extra principal payments can be made when desired to help decrease principal balance
  • Various index options may exist for investors

Applying for a 10 year or 7 year interest only ARM

AAXA makes applying for a mortgage quick and easy. Simply call us toll free at 877-RATE-LOW (877-728-3569) for a free rate quote and consultation, or apply online in minutes using our secure online mortgage application . AAXA combines great mortgage rates with the highest level of customer service in the industry. Whether you are seeking a jumbo loan for a house in the mountains or Colorado, a 15 year fixed mortgage for a starter home in the plains of Kansas, or an investment property loan for a duplex on the coast in North Carolina, AAXA is ready to be your home financing partner.

Other Popular Interest Only Loan Options:

30 year mortgage interest only
3 year interest only loan
5 year interest only mortgage loan

 


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