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CrossCountry Mortgage is an Ohio-based mortgage lender with more than 600 branches nationwide, serving customers in all 50 states. ... common loans, the company also offers interest-only loans ...
An interest-only mortgage is a home loan that allows borrowers to make interest-only payments for a set amount of time, typically between seven and 10 years, at the start of a 30-year term.
Three active programs are available offering forgivable loans, deferred loans, and zero-interest loans. A credit score of 640 or higher is required, with a debt-to-income ratio of 50% or lower.
An interest-only loan is a loan in which the borrower pays only the interest for some or all of the term, with the principal balance unchanged during the interest-only period. At the end of the interest-only term the borrower must renegotiate another interest-only mortgage, [ 1 ] pay the principal, or, if previously agreed, convert the loan to ...
Some factors to consider when choosing the best lender include the loan types available, mortgage interest rates, fees and more. Here are the top 10 mortgage lenders in 2023: PNC Bank. Rocket Mortgage
What’s more: In 2023, some lenders introduced 1 percent down mortgages, which come with free grants so that you only need to put down 1 percent. There’s also income-based down payment ...
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