Neg Am Mortgage Loans
Neg am mortgage loan programs are all the rage these days. Mortgage lenders offer interest rates to applicants with deferred interest refinancing and negative amortization for cash out, home improvements, consolidating debts and equity credit refinance loans online. Many mortgage lenders are offering several variations of these cutting edge loan products for home purchasing and refinancing. If you would like to more assistance from a loan officer live, please call us directly at 1-866–740-7344.
If you are thinking about applying for a neg am loan, it is important to research carefully and consider several loan products, to find the loan solution that makes the most sense for you.
Neg Am Mortgage Rates:
- 1.25% Start Rate with a 30 or 40 Year Amortization
- -Deferred Interest loan amounts up to $1,800,000
Save Thousands of Dollars by Locking into a Neg Am Mortgage Loan
Apply Now for a Neg AM Mortgage Loan
Credit Score Requirements
For most neg am loans, you need at least a 620 FICO score, but we offer a few programs that allow you to qualify for a negative amortization loan with a low 500 FICO score. If you have a higher credit score, it may help reduce the margin, and allow you to increase the CLTV, and loan amount.
Get a $295,000 Mortgage for a Payment starting at $990 a month.
Get Approved today! We offer the Neg AM Loan that boasts of mortgage interest rates that start at 1.25%. Take a look at the Payment Option ARM that is helping so many people qualify for lower payments.
Ask about our No Points Neg Am Mortgage starting at 1.25%
3 Payment Choices
With a neg am mortgage you get to choose each month from 3 different payment options. You can choose the conservative fiixed rate principal and interest payment, the interest only payment or the lowest neg am payment. You can mix it up and choose different payment each month.
More Purchase Power
With home costs out of control, the neg am mortgage loan is your friend to get a low payment. Keeping the payment to a minimum will allow you to buy a more expensive home. Underwriting will like the reduced housing expenses and lowered debt ratio.
Stated Income Neg Am Loans
If you are self-employed or just don’t want to document your income you can. When you talk to your loan officer, just let him or her know that you would like to consider the “stated Income” loan with reduced documentation.
Negative Am loan programs may vary in the initial interest rate. The negative amortization can differ & the lifetime caps including ARM index (ie. MTA, COFI,CODI, etc.) When considering one option loan versus another lenders option ARM, look at the margin and the fully indexed interest rate. Remember that the initial interest rate holds only for the initial month or three months at the most.
At Mortgage Loan Outlet, our number one goal is to help our customers find the ideal loan program for their unique needs. We are dedicated to making sure that your lending experience is as painless and stress free as possible. Apply now for a free, no-obligation quote on a mortgage program, and let us help you reach your financial goals today!
Apply Now for a Neg AM Mortgage Loan
Mortgage Rates are subject to change without notice. This is not a commitment to lend. Not all applicants will qualify for refinance and home equity loans. All approvals are subject to underwriting credit approvals. MortgageLoanOutlet.com and lending partners offer loans in all 50 states.
Are Negative Amortization Loans Risky Mortgage Options?
Some mortgage insiders consider negative amortization mortgages to be risky loans. With a deferred interest loan, the borrower gets to pick what type of payment they want each month. Homeowners can select one of three payment options.
- Fixed rate principal and interest payment
- Interest only payment
- Negative amortization with a lower start rate have one part
If the borrower selects the negative amortization payment then it only covers a portion of the interest earned. The balance of the interest earned is added to the mortgage balance, hence the term negative mortgage. The negative amortization is also called a “neg am” loan is a loan with an deferred interest loan that offers a low payment initially. A danger is the loan balance exceeding the market value of the property. If you aren't prepared for the deferred interest that could affect your home equity, then this loan is not for you. If you understand the risks, but need a low monthly payment to help you get in the right home, then this loan is for you.