40 Year Home Loan – 10 Years IO
Now available are 40 Year Home Loans with 10 Years of Interest Only Payments available.
- Available on Non-Prime and Outside Dodd-Frank® (ODF)
- Interest-only for the first 10 years — you only pay for the interest on the loan. You can pay more to reduce the principal, but you don’t have to.*
- Starting in the 11th year, the loan becomes a standard 30-year fixed rate or ARM loan. Each payment goes toward both your interest and reduces your loan principal. After 40 years, your loan is paid. No balloon!
Find out more about our Loan Products by calling: tel:714-726-2626
With Barbara Kenton at Allianz Mortgage Service, we know all about Conventional Loans and how to qualify you for either a Home Purchase or Refinance. If you are located in the Los Angeles, Orange County, San Bernardino, Riverside County area, or anywhere in California, contact us today to get started.