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3 Year Fixed Rate Interest Only
3 Year Fixed Rate Interest Only helps minimize mortgage payments monthly with first and second mortgages for purchasing or refinancing.
The Lending team at Nationwide can help lower your home loan payments Having the option of only paying the interest each month could significantly increase cash flow.
Nationwide Mortgage Loans offers various fixed rate loan programs. Take a look at the 3/1 ARM that provides an introductory interest rate that is fixed for the first 3 years of the loan. After that, the interest rate adjusts according to the margin and index it's associated with for the remaining term.
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3/1 Interest Only Home Loans help minimize your monthly mortgage payments. |
If the index rates increase than so do your monthly mortgage payments. The interest rate will be adjusted and calculated on the origin of the average yield on U.S. Treasury securities adjusted to a constant maturity of one year, plus an additional fixed margin. Nationwide offers home equity, second mortgage and refinance loans with a fixed or adjustable interest rates. With the 3 year fixed rate interest only, you can benefit from a lower rate than the traditional 30 year fixed rate for the 1st 3 years of the loan. Top loan experts believe that it is important for borrowers to be confident when taking a loan on against your home. 3 years of a fixed rate with the ability to conserve cash flow with low interest only payments for the first ten years.
 Finance Tips and Loan Advice
Benefits:
Lower monthly payment for 3 years can save you thousands of dollars. During the adjustable period, the interest rates can be lowered if the market trend improves.
Lower payments increase purchase power.
Concerns:
Mortgage Rates could be higher when the adjustable period kicks in.
Monthly payments can increase significantly.
- Refinance for Cash Out
- Low Interest Only Payments
- Reduced Rate Second Mortgages
- Variable Rate Home Equity Lines
- Fannie Mae Prime Rate Loans
- Freddie Mac Mortgage Loans
- Stated Income Refinancing
Example:
$350,000 10 Year Fixed at 5.625%
36 Interest Only Payments = $1640.63
Don't wait any longer, Call 1-877-212-9478 to speak with a seasoned loan professional live. We offer a helpful consultation that includes a free loan quotes with no obligation. |
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ARM vs. Fixed Rate Calculator
How does a fixed rate 1st or 2nd mortgage compare to an adjustable rate mortgage or home equity line of credit? |
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