Florida Mortgage Program

Personalized Mortgage Lending


Florida Mortgage Group
contact us
800.445.3612
Home
Our Rates
My Account
Apply
Prequalify On-Line
Mortgage Inquiry
Calculators
Mortgage Articles
Investors Corner
Construction Loans
Service Promise
Associates
Meet Our Staff

- Interest Only Mortgage -

"Interest Only" loans are a great way to lower your mortgage payment while freeing up extra cash each month. You choose the adjustment period of 6 month, 3, 5, 7 or 10 year to best suits your financial goals.


6 Month program guidelines current rate
3 Year program guidelines current rate
5 Year program guidelines current rate
7 Year program guidelines current rate
10 Year program guidelines current rate

1 Month LIBOR ARM

  • 1 month adjustment, Interest Only Payments for first 5 years

  • 30-year term, after 5th year fully amortized over remaining 25 years

  • Up to 95% Loan-To-Value

  • Purchase or Refinance

  • Primary Residence, Second Home and Investment Property

  • Rate is indexed to the 6-month LIBOR index

current rate


6-Month LIBOR ARM

  • 6-month adjustment, Interest Only Payments for first 5 years

  • 30-year term, after 5th year fully amortized over remaining 25 years

  • Up to 95% Loan-To-Value

  • Purchase or Refinance

  • Primary Residence, Second Home and Investment Property

  • Rate is indexed to the 6-month LIBOR index

current rate


3 Year LIBOR ARM

  • Rate/payment adjusted every 6 months or 1 year after the first 3 years
  • First rate adjustment maximum of 2% over the initial rate
  • Lifetime rate cap maximum of 5% over the initial rate
  • Up to 95% Loan-To-Value
  • Purchase or Refinance
  • Primary Residence, Second Home and Investment Property
  • Rate is indexed to the LIBOR index

current rate


5 Year LIBOR ARM
  • Rate/payment adjusted every 6 months or 1 year after the first 5 years
  • First rate adjustment maximum of 5% over the initial rate
  • Yearly rate cap rate adjustment maximum of 2% over the initial rate
  • Lifetime rate cap maximum of 5% over the initial rate
  • Purchase or Refinance
  • Primary Residence, Second Home and Investment Property
  • Rate is indexed to the LIBOR index

current rate


7 Year LIBOR ARM
  • Rate/payment adjusted every 6 months or 1 year after the first 7 years
  • First rate adjustment maximum of 5% over the initial rate
  • Yearly rate cap rate adjustment maximum of 2% over the initial rate
  • Lifetime rate cap maximum of 5% over the initial rate
  • Purchase or Refinance allowed
  • Primary Residence, Second Home and Investment Property
  • Rate is indexed to the LIBOR index

current rate


10 Year LIBOR ARM
  • Rate/payment adjusted every 6 months or 1 year after the first 10 years
  • First rate adjustment maximum of 5% over the initial rate
  • Yearly rate cap rate adjustment maximum of 2% over the initial rate
  • Lifetime rate cap maximum of 5% over the initial rate
  • Purchase or Refinance
  • Primary Residence, Second Home and Investment Property
  • Rate is indexed to the LIBOR index

current rate


 

Certain conditions and restrictions apply. Contact us for more information.


contact us

800.445.3612

Member National Association of Mortgage Brokers
"Top Gun" Mortgage Broker - Georgia Association of Mortgage Brokers 
"Top Mortgage Broker Performer" - Atlanta Business Chronicle
 
Florida, Georgia, Washington and North Carolina Licensed Mortgage Broker


© Copyright 1997-2007

mortgages

Awarded Top 10%
 for Consumer
Satisfaction by the
Internet Consumer Group

National Assoc of Professional Mortgage Women Florida Mortgage mortgages

  florida mortgage rates l commercial loans l contact us l site map l

florida mortgages