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6 Month Interest-Only ARM |
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Lowest rates from over 50 lenders displayed:
| Loan Name |
Rate |
Pts |
APR* |
As of |
| IO Year 7 |
5.375% |
2.9 |
5.63% |
2007-09-19 |
| IO Year 10 |
5.5% |
2.9 |
5.76% |
2007-09-19 |
| IO Year 15/30 |
5.62% |
2.0 |
5.87% |
2007-09-19 |
| IO Year 10/30 |
5.5% |
2.0 |
5.76% |
2007-09-19 |
| IO Year 5 |
5.25% |
2.5 |
5.5% |
2007-09-19 |
| IO Year 3 |
5.375% |
2.5 |
5.64% |
2007-09-19 |
| Stated IO Year 10 |
6.0% |
2.75 |
6.25% |
2007-09-19 |
| Stated IO Year 10/30 |
5.75% |
2.0 |
6.01% |
2007-09-19 |
| Stated IO Year 15/30 |
5.75% |
3.0 |
6.0% |
2007-09-19 |
| Stated IO Year 3 |
5.25% |
3.0 |
5.51% |
2007-09-19 |
| Stated IO Year 5 |
5.5% |
3.0 |
5.75% |
2007-09-19 |
| Stated IO Year 7 |
4.87% |
3.0 |
5.13% |
2007-09-19 |
| Jumbo IO Year 10/30 |
6.75% |
2.0 |
7.01% |
2007-09-19 |
| Jumbo IO Year 5 |
6.5% |
2.0 |
6.75% |
2007-09-19 |
| Jumbo IO Year 7 |
6.625% |
2.0 |
6.89% |
2007-09-19 |
The interest rate is fixed for the first 6 months of the loan term. Years .5 thru 30, the interest rate is adjusted every year to the sum of the LIBOR index plus a margin rounded to the nearest one-eighth of one percentage point, (0.125%). The margin will not change throughout the term of the loan. During the 6 months of the loan, the borrower is offered an interest only payment option and a principal and interest payment option. Years .5 thru 30 require a principal and interest payment. Complete the form to the right and one of our loan specialists can help you understand all the benefits of a interest only loan. The 6 Month Interest Only ARM loan programs are perfect for Refinancing.
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