They do 80%LTV on rentals at a variable rate of prime + 1% if you have 3 properties or less including your primary, if you have 4 properties including a primary they will only do a Heloc on your primary. 12 year draw, you choose p/i payments or i/o.

For this, see the Keeping Track of Payments on Interest-Only (IO) Mortgages spreadsheet.

@Michael Tempelgoogle voiceCellphone based: on iOS: MySudo appSip/IAX based: VoIP.msI am using all three solutions for different needs.

When IO runs out and LIBOR ticks will the unit remodels be completed and the rent bump in place?  

Any reason why you want a 5 year I/O loan? 

Android users seem to be affected and iOS seems to be fine, but please let me know if you continue to experience formatting issues.

@Danren Jones IO in most cases is used to lower the mortgage payment during times of lower cash flow. 

I was able to sneak into a SFR here via a I/O loan.

Finalizing everything with the new loan but it'll be 10 year term, 30 year am, finalizing the rate (which will be fixed). 12 months I/O. 

Most private lenders offer an I/O option where you only make interest payments and then pay the principal balance once the note comes due.