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Interest Only Jumbo Mortgage

Enjoy the benefits of a 10-year interest-only mortgage, a unique mortgage option that offers potential financial flexibility during the first decade of your mortgage.

A Interest Only Jumbo Mortgage allows you to make interest-only payments for the first ten years, after which the loan amortizes into a standard 20-year or 30-year fixed mortgage.

A10-year interest-only mortgage can offer several benefits for those looking for potential financial flexibility and pay down the principal on your own terms.

Program Highlights for Interest Only Jumbo Mortgage

Lower monthly payment and financial flexibility
Loan amounts up to $5 million
40 year fixed with a 10 year interest only payment
Loan amortizes into a 30 year fixed after 10 years

Mbanc, a mortgage lender. Mortgage bank of california dba mbanc. Nmls id # 38232 (nmls consumer access site). Arizona mortgage banker license – license # 0943170. California – dbo finance lenders law license – license # 60dbo45280. California – dre real estate corporation license endorsement – license # 01521655. Colorado mortgage company registration – regulated by the division of real estate. Connecticut mortgage lender license – license # ml-38232. District of columbia mortgage dual authority license – license # mlb38232. Florida mortgage lender license – license # mld1287. Georgia mortgage lender license/registration – license # 48090 (dba mboc home loans). Hawaii mortgage loan originator company license – license # hi-38232 (dba mboc home loans). Idaho mortgage broker/lender license – license # mbl-2080038232. Illinois residential mortgage license – license # mb.6761396. Maryland mortgage lender license – license # 21870. Michigan 1st mortgage broker/lender license – license # fl0022526. New jersey residential mortgage lender license – regulated by the department of banking & insurance. North carolina mortgage lender license – license # l-183446. Ohio residential mortgage lending act certificate of registration – license # rm.804374.000. Oregon mortgage lending license – license # ml-5804. Pennsylvania mortgage lender license – license # 71003. South carolina-bfi mortgage lender / servicer license – license # mls – 38232, mls – 38232 otn #1 (dba mboc home loans). Tennessee mortgage license – license # 178934. Texas – sml mortgage banker registration – regulated by the department of savings and mortgage lending. Utah mortgage entity license – license # 10877496, 10826912, 10827018. Virginia lender license – license # mc-6638. Washington consumer loan company license – license # cl-38232. Wyoming mortgage lender/broker license – license # 3912. Nmls consumer access site neither mbanc nor mortgage bank of california is a chartered bank or trust company, or depository institution. They are not authorized to accept deposits or trust accounts and are not licensed or regulated by any state or federal banking authority.

Apr of 6.627% based on an investment property cash out 60% ltv with a fico of 688 on a positive debt service transaction with 1% origination fee with a loan amount of 177k apr of 7.757% based on a primary property cash out at 55% ltv with a fico of 652 on a 24 mo business bank statement transaction with a $9000 origination fee with a loan amount of 605k apr of 7.275% based on an investment property purchase at 75% ltv with a fico of 762 on a negative debt service transaction with 1.25% origination fee with a loan amount of 1,269,750 apr of 5.298% based on a primary property purchase at 80% ltv with a fico of 773 on a 12 mo bank statement transaction with a 2% origination fee with a loan amount of 184k the above information is based on specific scenarions. Rates and fees are subject to change and borrowers must meet guideline criteria to qualify. – heter iska