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Balloon ARM Mortgage |
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Lowest rates from over 50 lenders displayed:
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| Loan Name |
Rate |
Pts |
APR* |
As of |
| Stated 100% No $ Down |
6.25% |
1.25 |
6.51% |
2007-09-19 |
| Stated ARM Balloon |
5.99% |
2.0 |
6.24% |
2007-09-19 |
| Stated ARM Year 10 |
5.75% |
2.0 |
6.01% |
2007-09-19 |
| Stated ARM Year 2 |
6.9% |
1.0 |
7.15% |
2007-09-19 |
| Stated ARM Year 3 |
6.5% |
2.75 |
6.76% |
2007-09-19 |
| Stated ARM Year 7 |
6.125% |
2.75 |
6.38% |
2007-09-19 |
| Stated Fixed Year 10 |
5.5% |
2.75 |
5.75% |
2007-09-19 |
| Stated Fixed Year 15 |
5.25% |
2.75 |
5.51% |
2007-09-19 |
| Stated Fixed Year 20 |
5.37% |
2.75 |
5.62% |
2007-09-19 |
| Stated Fixed Year 30 |
5.625% |
2.75 |
5.89% |
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 |
| Stated LIBOR Year 3/1 |
5.25% |
3.0 |
5.5% |
2007-09-19 |
| Stated LIBOR Year 5/1 |
5.5% |
2.0 |
5376.0% |
2007-09-19 |
| Jumbo 100% No $ Down |
7.99% |
2.0 |
8.24% |
2007-09-19 |
| Jumbo ARM Balloon |
6.75% |
2.0 |
7.01% |
2007-09-19 |
| Jumbo ARM Year 3 |
6.125% |
2.0 |
6.39% |
2007-09-19 |
| Jumbo ARM Year 5 |
6.25% |
2.0 |
6.5% |
2007-09-19 |
| Jumbo ARM Year 7 |
6.5% |
2.0 |
6.76% |
2007-09-19 |
| Jumbo Fixed Year 15 |
6.5% |
2.0 |
6.76% |
2007-09-19 |
| Jumbo Fixed Year 20 |
5.87% |
2.0 |
6.12% |
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 |
| Jumbo LIBOR Year 5/1 |
6.625% |
2.0 |
6.88% |
2007-09-19 |
- Lower Initial Rate
- Qualify for MORE house
- As little as 5% Down • Fixed Rate for 5 or 7 Years
- Option To Modify* at the end of 5 or 7 year period
*Borrower may exercise option to modify for the balance of the term to a fixed rate at end
of 5 or 7 years, OR refinance, OR pay balance of loan in full at end of term.
Like the adjustable rate mortgage, the initial period of the mortgage is repaid with a fixed interest rate in monthly payments. However, unlike the adjustable rate mortgage, when this initial period is over, the balloon mortgage ends with a lump sum payment for the remainder of the mortgage balance. The borrower then either refinances or sells the home. This mortgage plan provides payment stability for the initial period and is suited to those who plan to move after this period or who do not mind refinancing.
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LIBOR
