Kinecta Federal Credit Union

Interest-Only Mortgage

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Our 3-, 5-year Interest-Only ARM loan payment covers no principal, increasing your cash flow to invest or pay off non-tax-deductible debt
Lower monthly mortgage payments qualify you for a larger loan amount
Allows you to save money during the initial fixed-rate period
During the interest-only period you may benefit from larger interest deductions. Consult with your tax advisor.
You can make principal payments during the interest-only period with no penalty
No negative amortization or prepayment penalty
Great for primary residence or second/vacation home
Loans up to $4 million

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