Jumbo Interest Only Rates
ContentsInterest bearing account15-year fixed rate 4.25Arm 4.25% 4.779% 5/14.634% 15-year fixed-rateView current interest rates for a variety of mortgage products, and learn how we can help you reach your home. 30-Year Fixed-Rate Jumbo, 3.625%, 3.625%.How Do Interest Only Mortgage Loans Work The amount you borrow with your mortgage is known as the principal. Each month, part of your monthly payment will go toward paying off that principal, or mortgage balance, and part will go toward interest on the loan. Interest is what the lender charges you for lending you money.Interest-only loans-a villain in the subprime mortgage crisis-have made a comeback. But expect tighter qualification standards this time. Jumbo mortgages are loans that exceed limits of government-backed loans, $417,000 in most areas and $625,500 in some high-priced.Interest Only Home Loan Rates…