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Listen "Daily Mortgage Rates LIVE - 02/05/2024 - Interest Only Loans"
Episode Synopsis
Welcome to "Daily Mortgage Rates Live," your daily compass through the ever-evolving world of mortgages. In this episode, we explore a financing option that offers a unique approach to homeownership— "Interest-Only Loans."Join our expert hosts as they dive into Interest-Only Loans, a specialized mortgage product that allows borrowers to pay only the interest on the loan for a specified period. Whether you're a homeowner considering this option or a curious listener navigating the mortgage landscape, this episode provides invaluable insights into how Interest-Only Loans work and who might benefit from them.Our knowledgeable guests, featuring seasoned mortgage specialists and financial advisors, share key information on eligibility criteria, application processes, and the advantages and considerations associated with Interest-Only Loans. Explore how this financial tool can provide flexibility and tailored solutions for certain financial situations.Stay tuned to "Daily Mortgage Rates Live" to stay informed about the latest developments in mortgage rates and explore a diverse range of financial tools designed to meet your unique needs. For more episodes visit: https://themortgagecalculator.com/Page/Daily-Mortgage-Rates-LIVE-Video-Podcast Disclaimers: The principal and interest payment on a $400,000 30-year Fixed-Rate Loan at 6.375% and 80% loan-to-value (LTV) and 760 credit score is $2,495. The Annual Percentage Rate (APR) is 6.722% with estimated finance charge of $10,000. The principal and interest payments, which will continue for 360 months until paid in full, does not include taxes and home insurance premiums, which will result in a higher actual monthly payment. Rates current as of 3/5/2024. Subject to borrower approval. Disclosure: All lending products are subject to credit & property approval. Rates, program terms & conditions are subject to chaCatch all the episodes of Daily Mortgage Rates LIVE at https://themortgagecalculator.com/Page/Daily-Mortgage-Rates-LIVE-Video-Podcast Check out all episodes of Daily Mortgage Rates LIVE at https://themortgagecalculator.com/Page/Daily-Mortgage-Rates-LIVE-Video-PodcastThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as thousands of Non-QM mortgage loan program variations using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access thousands of mortgage programs using Alternative Income Documentation such as Bank Statement Mortgages...
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