– An Interest Only Fixed-rate Mortgage that is amortized over 30 years permits the borrower to pay interest only for the initial interest-only period of 10 or 15 years. Following the initial interest-only period, the outstanding principal balance will be re-amortized over the remaining term of the loan.
Interest Only Mortgage Loans | Navy Federal Credit Union – · Navy Federal Credit Union’s interest-only loans are available as both fixed- and adjustable-rate mortgages and can be used for primary residences and second homes, though the rates.
2019 Deals – Interest Only Home Loans from 3.56% | RateCity – Once your interest-only period ends, your interest-only home loan will revert to a principal-and-interest (P&I) home loan. Lenders generally charge a different interest rate for P&I mortgages than interest-only mortgages, so you’ll also want to compare these ‘revert rates’ when doing your research.