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Home Loans

30 Year Fixed - Interest Only For 30 Years
(presented by www.refinance-refinance.net - mortgage lenders)



By Ben Afzal

Basics 30 year fixed loans are the standard loan that has been available for many years. A recent innovation has been to add an interest-only payment period to part of the loan.

Until recently the maximum interest only period was ten years. A new loan has been introduced that allows a borrower to make an interest only payment for 30 years.

A thirty year fixed loan with an interest only payment can be used for:

  • purchases
  • refinances

Purchases Getting a 30 year fixed loan is a decision many first time home buyers make.

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HOME LOANS ADVERTISEMENT

A 30 year fixed loan has the advantage of an interest rate that remains unchanged for all thirty years of the loan. This allows the borrower to have stability in their monthly payment. They don

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This entry was posted on Saturday, October 7th, 2006 at 4:42 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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