30 Year Fixed With Interest Only Option

A traditional 30 year fixed is the safest and most conservative option designed for those with the long term in mind.  The interest rate will be fixed throughout the life of the loan.  The 30 year fixed with the interest only option allows you to make interest only payments for the first 10 years of the loan.  This allows for greater payment flexibility and lower monthly payments, however, your principal balance will not decrease if the interest only payment is made.

Once the initial 10 year interest only period is over, the payments will adjust to a higher monthly payment equal to the amount that it will take to repay the loan in the remaining 20 years.  The interest rate will be locked in throughout the life of the loan, however, the payments will adjust once the initial interest 10 year only period has expired.

This loan is designed for those looking for the stability of a 30 year fixed while still looking to lower their monthly payments by the greatest amount possible.  It is really quite simple.  There is no need to pay a high commission to a Loan Officer to explain what you just learned in a few seconds. 

Click Get Started to see how much you can save on a 30 year fixed interest only.

Speak With A Loan Coordinator 

Would you prefer to speak with a Loan Coordinator over the telephone?  Please call us directly at   1-800-276-CYOL(2965) and choose option 1.  Or, click here to have one of our experienced representatives contact you directly.