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* The $783.33 monthly payment is an interest-only payment for five years, based on a $160,000 loan amount for a 30-year,
three-year Adjustable Rate Mortgage at 5.875% and 6.229% Annual Percentage Rate.
Following the three-year fixed-rate period, the rate will adjust annually.
The principal and interest payment after the initial 5-year interest only period is $946.46.
To qualify for this monthly payment, borrower must have a FICO score of 740 or greater, no cash out, primary residence,
and the loan-to-value ratio must not exceed 70%. Rate is variable and subject to change daily without notice.
Quick-Approval-Expert, Inc. is not acting as a lender or broker. The information provided by you to Quick-Approval-Expert is not an application for a mortgage loan, nor is it used to pre-qualify you with any lender. If you are contacted by a lender or broker advertising within our network, your quoted rate may be higher, depending on your property location, credit score, loan-to-value ratio, debt-to-income ratio, and other factors. Not available in all states. Not all service providers in the Quick-Approval-Expert network offer this or other products with interest-only options. |
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