I have seen thousands of home owners over the years get stuck with an I/O Heloc and cannot refinance it due to lack of pay down and not enough equity/appreciation.You still have a 30 year mortgage at low 6% versus a Heloc in todays market at over 8-10% over a shorter term 10, 15, or 20 but never 30 yeas so in most cases the mortgage payment is less. 

This refi will definitely increase my mortgage payments but it will also absorb a HELOC which will put a stop to I/O payments.

FL, NY, MD, CA, VA, NJ, Horizon Bank, Kalamazoo MIHughes Federal Credit UnionHuntington MI 75% LTV 5 yr IO product available.

I’m claustrophobic about the IO and wondering if I need to make a switch.

Sadly, the best I can usually do is a 30-year amortization with a few years of interest only.I'm happy to buy those assets as long as I end up with positive cashflow after the I/O period ends. 

Loan terms are 4% / 25 AM / 18 Mo IO / Upfront Tax & Ins.

Just for comparison, I am curious to know the prevailing A-I-O loan interest-rates for a typical borrower with 720+ credit score and respectable LTV.. ?

Arms, IO, fixed are all options presented and quotes can be adjust based on what your goal is such as utilizing buy down points for a lower rate, adjusting the prepay penalty to get the rate up or down.

All free on iOS or Android.

Hard money to purchase the property and fund the rehab.Kiavi10%-15%12 month I/O