Great Rates on Jumbo Interest-Only Loans for Prime Borrowers
loan-to-values up to 80% and loan amounts up to $10 million
Loan to property value ratios (LTVs) are based on the current appraised value of the property.
3/1 ARM
Interest-only
2.365% 2.548%
APR
7/1 ARM
Interest-only
3.000% 3.173%
APR
10/1 ARM
Interest-only
3.250% 3.460%
APR
Interest is set for 3, 7, or 10 years and then can be adjusted each year thereafter based on the then current index and margin. Payments will increase to pay back both principle and the interest. The rates referenced above are available only for 1st lien loans.
Full documentation loan for prime borrowers with good credit and tax returns.
No banking relationship required to obtain these interest rates.
Rates apply for new purchases only.
NATIONALLY RANKED:
AS SEEN IN THE
CHRIS FURIE
BRE 01004991 | NMLS 357449 chris@insigniamortgage.com
310-859-0488
9595 Wilshire Blvd., #205, Beverly Hills, CA 90212 | www.insigniamortgage.com
DAMON GERMANIDES
BRE 01794261 | NMLS 317894 damon@insigniamortgage.com
©2016 Insignia Mortgage, Inc. Sampling of rates as of September 7th, 2016. (1) Not all applicants will qualify. Minimum FICO, reserve, and other requirements apply. Contact your loan officer for additional program guidelines, restrictions, and eligibility requirements. Rates, points, APRs and programs are subject to change without notice. Loan values (LTV) are based on bank appraisal. Actual closing time will vary based on borrower qualifications and loan terms. Insignia Mortgage, Inc., is a real estate broker licensed by the CA Bureau of Real Estate, BRE #01969620, NMLS #1277691. (2) With an interest-only mortgage payment, you will not pay down the loan’s principal balance during the interest-only period. Once the interest-only period ends, your payment will increase to pay back the principal and interest. Rates are subject to increase over the life of the loan. Contactyour InsigniaMortgage, Inc. loan officer to determine what your payments might be once the interest-only period ends.
