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5 Year Interest Only Loan Programs

Research and compare mortgage programs and rates from a number of the nation's leading mortgage providers. Although 5 year interest only rates may not be diplayed in the survey, many companies still offer these products. Please call the providers directly for details.


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Nicely designed new home. Learn more about 5 year interest only ARM programs.If you are searching for a great 5 year interest only mortgage program, you have come to the right place. We provide a platform where consumers can find lenders and brokers who offer a wide selection of 5/1 ARM interest only mortgage products with a variety of index, cap, and margin choices. A mortgage professional shold be able to help you navigate through the options to find the right choice for your needs. 5 year interest only loans can be a great fit for borrowers who are looking for short term stability from interest rate risk while keeping the monthly payments to a minimum. With these programs, borrowers can make additional principal payments each month if they wish to pay down their balance, or opt to just pay the minimum interest-only payment. This feature affords customers the opportunity to better control how they use their finances on a month-to-month basis. Terms and conditions can and do vary by investor. Be sure to ask each company you speak with about the guidelines for their offerings.

Request 5 year interest only loan rates and information:

1. Call the numbers in the survey and speak with a representative of each company.
2. You can click through the the companies' web sites for additional information on their products and services.

Choosing A 5/1 ARM Interest Only Loan

When it comes to choosing the right 5 year interest only mortgage program, you are going to want to discuss items such as the following with your mortgage professional:

  • What are the loan's caps and margin, and what index is the loan based upon? How may these variables impact me?
  • What is the loan's APR? Adjustable rate mortgage APRs can be misleading because they are based upon a hypothetical scenario. Some mortgage companies may use a best casescenario (i.e. your rate staying the same or even improving after the first five years) while others opt to base their APRs on the worst case (i.e. loan adjusting to the maximum amount after the first five years and remaining at that rate for the next twenty-five years). You should just make sure that you are comparing apples to apples. It is impossible to compare APRs without the competing companies using the same set of criteria.
  • What will happen to your payments after the first five years? Your loan professional should help you to determine what your payments may look like after the interest only period ends and the loan is re-amortized for the remaining twenty-five year period (paying both principal and interest).

5 Year ARM Interest Only Loan Assistance

ForTheBestRate.com is proud to offer home buyers and home owners with a place to search for some of the best current mortgage rates in the Nation. Best of luck financing a great deal on your next 5/1 IO ARM.

Research other interest only mortgage programs:
30 year interest only loan
10 & 7 year interest only ARMs
3 year interest only loans


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