jumbo loans in delaware: Living Large with a Lower Payment
- 02/04/22 11:06 AM
Living Large with a Lower Payment
Yes, that’s right. You can purchase or refinance the home of your dreams and pay interest only for 10 years. You can choose to refinance at the 10 year mark, sell the home, or start paying the principal and interest payments for the remaining 20 years.
The beauty of this loan is that you pay less each month so you can use those funds to do whatever you wish. In an example of a $1,250,000 purchase with 20% down, the interest only payment is $3,750. On a regular principal and interest payment, the payment would be … (1 comments)
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