
 Interest Only Loan  Interest Only Mortgage for Jumbo Mortgage Loans 
  With an interest only mortgage loan, the borrower takes out a 30year mortgage, electing to pay interest only for a set period of time, such as 3, 5, 7 or 10 years. 
  After the end of the interest only period, the monthly payments readjust to include the principal, and the loan is reamortized for the remaining years which can cause the payment to rise substantially. 
  Interest Only Loans are available on 1 month, 3 month, 6 month, 2 years fixed, 3 years fixed, 5 years fixed, 7 years fixed, 10 years fixed, and now a 30 year Fixed. 
 www.loanshoppers.net /interestonly.htm (864 words) 
