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Listen "Daily Mortgage Rates LIVE - 02/28/2024 - Interest-Only Loans"
Episode Synopsis
Welcome to "Daily Rates Live"! In this episode, we delve into the topic of interest-only loans, examining their potential benefits and risks for borrowers. This episode offers valuable insights into the nuances of interest-only loans and their implications for borrowers.Join us as we explore how interest-only loans work, their eligibility criteria, and the potential advantages and drawbacks compared to traditional mortgages. Our expert guests provide expert analysis and practical advice to help listeners make informed decisions about interest-only loans.Tune in to "Daily Rates Live" and gain a deeper understanding of interest-only loans, empowering you to make sound financial choices and navigate the mortgage market with confidence. Whether you're a borrower considering this option or simply curious about alternative loan structures, this episode has something for you.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 change without notice. Not all products are available in all states or for all amounts. Other restrictions & limitations apply.Catch 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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