An interest-only payment period attached to an adjustable rate mortgage (ARM). The interest is paid instead of the principle balance. Each type of adjustable rate mortgage has a different interest-only time frame. Payments are readjusted after the interest-only period is over, and the payments sizably increase.
Related information about interest-only ARM:
- Interest-Only ARM Definition | Investopedia
An adjustable-rate mortgage (ARM) with an initial interest-only payment period. During the interest-only period, only the calculated interest must be paid; ...
- FDIC: Interest-Only Mortgage Payments and Payment-Option ARMs
Oct 31, 2006 ... 5/1 interest-only ARM; 30-year term; 5 years of I-O payments, then 25 years ... 5/1 interest-only ARM--The monthly payment stays at $960 for 5 ...
- Interest-only ARM calculator - Bankrate.com
Bankrate.com provides FREE interest-only calculators and loan calculator tools to help consumers learn more about their mortgage payments.
- 5 Year Interest Only ARM - American Financial Resources
Apr 27, 2011 ... Look into the pros and cons of 5 year interest only ARM programs and decide is a 5/1 interest only mortgage is right for you at ...
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The interest only ARM calculator will help to determine what the monthly mortgage payments will be for an interest only adjustable rate mortgage. This calculator ...
- Monthly Mortgage Payment Calculator: Interest-Only ARM
Free, online mortgage calculator computes monthly mortgage payment, total mortgage cost, and interest expense. Weighs pros and cons of refinancing.
- Interest Only ARM
KFS Mortgage Co. Suite 12. 406 Main St. Metuchen, NJ 08840 ...
- What is interest-only 5 year ARM and why is it so inexpensive ...
The 5 year interest only ARM is deceptively cheap. 1. No reduction in principal during the 5 years. 2. ARM means they can raise the interst rate.