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LeadSteps is engaged in the business of providing content for mortgage shoppers and is not acting as a mortgage broker or mortgage lender. The information provided by you to LeadSteps and its partners is not an application for a mortgage loan, nor is it used to pre-qualify you with any lender. If you are contacted by a lender or broker advertising within our or our partner network, your quoted rate may be higher, depending on your property location, credit score, loan-to-value ratio, debt-to-income ratio, and other factors. LeadSteps does not guarantee that the rates or terms offered and made available by participating Providers are the lowest rates available in the market or the best terms available, and not all Providers in our network offer the interest-only products that are advertised here. The interest-only products are not available in all states or to all consumers. Completing a form does not obligate you to purchase a service or product from the Providers, nor does it obligate a Provider to offer to you any particular service or good about which you may have inquired.

Additionally, the content on our website (the "Content") is supplied in good faith using references and sources deemed reliable; however it is published strictly on an "as-is" basis. The operator of this website and the author hereby disclaims any and all express or implied warranties to the maximum extent permitted by law. The Content is provided for informational purposes only and is not to be construed as financial or legal advice. Everyone's financial circumstances are unique. You are urged to consult multiple informational sources and a professional advisor before making any decisions affecting your personal finances.

* This is based on the rate comparison with 30-year fixed payment at 7% rate. The monthly payment options are informational only. Your actual payment may be different. Credit restrictions may apply. This offer is available only if your information is matched with a selective lender(s) in our network. Rate is variable and subject to change daily without notice. The comparable rate is variable and subject to change. After the initial fixed-rate period, the rate will adjust every 6 months. The initial, minimum payment on a 30-year $150,000, 5-year Adjustable Rate Loan and 80% LTV is $391. The minimum payment is based on a rate that is implied solely for the purpose of calculating the minimum payment which in this example is 3.13%. Interest will accrue at a rate of 6.13%. Paying only the minimum payment will result in deferred interest or negative amortization since you will not be paying all of the interest that is owed each month. The unpaid interest is added to principal. Interest can be deferred until the outstanding principal balance is 10% to 15% higher than the original loan amount. If the maximum limit is reached during the first 5 years, the payment automatically converts to an interest only payment. In this example, the maximum limit will be reached in the 53rd month therefore an interest only payment of $879.28 will be required. After 5 years, the interest only payment is $1,022.84. After 10 years, the principal and interest payment is $1348.55. The Annual Percentage Rate is 7.299%. Rates could change daily. Actual payments and rates may vary depending on individual client situation and current rates. Some restrictions may apply. The comparison is based on $150,000, $200,000, $300,000 and $500,000 loan at 7% fixed with monthly payments of $998, $1331, $1996, and $3327 causing an annual payment difference of $7288, $9967, $14951 and $24918 respectively compared to $391, $500, $750 and $1250 respectively.

$145,000 loan for under $484/month and other options!
* The $483.21, $534.20 or $643.28 payment is based on the borrower selecting the minimum monthly payment option on a $145,000, $160,000 or $200,000 adjustable first mortgage loan with an interest rate of 6.103%, a 6.207% APR and a buydown at the cost of 0.750 points. The monthly payment is fixed for the first 30 days and will adjust monthly thereafter. The minimum monthly payment option is calculated by amortizing the loan balance over the remaining term of the loan at an interest rate of 1.250%. By selecting this option, the loan has the potential for negative amortization. The minimum monthly payment option is subject to recasting every 5 years or if the principal balance reaches 110% of the original loan balance. The borrower also has the option of making an interest-only payment or making principal and interest payments amortized over either 15 or 30 years. For example, if the borrower selects to make principal and interest payments amortized over 30 years, the monthly payment will be $878.97, $969.90 or $1212.38 respectively. These terms are available for first mortgage loans. To qualify for this monthly payment, the property must be owner occupied single family residence and a loan-to-value ratio of 80%. Credit restrictions may apply. Rate is variable and subject to change daily without notice.

$170,000 loan for under $560/month and other options!
* Assuming a $170,000 loan with a 30-year term and an introductory interest rate of 3.950 percent (APR of 7.672 percent) for the first six months of this loan, with payments of interest only for the first five years, the borrower will make six payments of $559.58, fifty four payments of $1,062.50 for the remainder of the interest only period assuming an interest rate of 7.500 percent (APR of 7.672 percent), and three hundred payments of $1,256.29 assuming an interest rate of 7.500 percent (APR of 7.672 percent). The interest rate on the loan is fixed for an initial six month period and will adjust following this initial six month period and every six months thereafter. To qualify for this loan, the borrower must have a FICO score of 620 or greater, a maximum loan amount of $1,000,000.00 and loan-to-value requirements may apply. Because this loan has a variable interest rate, both the initial interest rate and the APR may increase after closing. Stated APRs include a 2.5% origination fee. Rates and terms are subject to change without notice. This loan is only available in certain states which may vary from time to time, and we do not offer our matching service in MT.

$510,000 loan for under $1698/month and other options!
* Assuming a $90,000, $120,000, $180,000, $240,000, $300,000, $360,000, $420,000, $510,000 or $600,000 adjustable first mortgage loan with the borrower selecting the minimum monthly payment option of $299.61, $399.49, $599.23, 798.97, $998.71, $1,198.46, $1,398.20, $1,697.82 or $1997.43 at an interest rate of 6.103%, a 6.207% APR and a buydown at the cost of 0.750 points. The monthly payment is fixed for the first 30 days and will adjust monthly thereafter. The minimum monthly payment option is calculated by amortizing the loan balance over the remaining term of the loan at an interest rate of 1.250%. By selecting this option, the loan has the potential for negative amortization. The minimum monthly payment option is subject to recasting every 5 years or if the principal balance reaches 110% of the original loan balance. The borrower also has the option of making an interest-only payment or making principal and interest payments amortized over either 15 or 30 years. For example, if the borrower selects to make principal and interest payments amortized over 30 years, the monthly payment will be $537.65, $716.87, $1,075.31, $1,433.74, $1,792.18, $2,150.62, $2,509.05, $3,046.71, or $3,584.36. These terms are available for first mortgage loans. To qualify for this monthly payment, the property must be owner occupied single family residence and a loan-to-value ratio of 80%. Credit restrictions may apply. Rate is variable and subject to change daily without notice.

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