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Updated about 1 year ago,

User Stats

66
Posts
37
Votes
Richard Phillip Lewis
  • Investor
  • Manasquan, NJ
37
Votes |
66
Posts

Refinancing Into Interest Only Fixed Rate Debt - Options?

Richard Phillip Lewis
  • Investor
  • Manasquan, NJ
Posted

Im in the process of finishing up a 203k House Hack Duplex. I got a good rate of 6.25% on my mortgage given today interest rate environment. I will be living in one side and renting the other side. I would like to refinance out of the FHA 203k 6.25% into a Fixed Rate Interest only mortgage till interest rates come down near or below 5%. Ive been search online for Interest only "Landlord" mortgages, but Im not seeing any available interest only products out there. Ive ready about 10 year Interest only / 20 year Fixed Amortized products, but Im not seeing any products ready to apply for. Where should I be looking?

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