One of the big myths about the Qualified Mortgage Rule is that Interest-Only loans will vanish. Is it true?
Like most things you hear when people think the sky is falling.. No, it’s not true.
We still have interest only loans for your Primary Home, 2nd Home, and Investment properties.
Here are the details –
- Owner Occupied, 2nd Homes, and Investment Properties
- 80% LTV ( 20% Downpayment )
- 3/1, 5/1, 7/1, & 10/1 LIBOR ARMs
- Available in 46 States
- Loan Amounts up to $4 Million ( with exceptions to go higher )
We have great rates on this because it is not a hard money loan. This is a fully underwritten portfolio loan.