Why LendSure’s 10/40 Fixed Rated-IO Loans? Why not! Smart homeowners and property investors have an option to leverage their home’s equity and manage their monthly cash flow – all while locking in a low rate for 40 years. This innovative 10/40 Fixed Rate-IO mortgage loans program provides homeowners with the flexibility to make low interest only payments or fully amortized payments without penalties.
- Investment/business purpose loans qualify using the low interest only mortgage loan payment and owner-occupied loans qualify with 30-year amortizing payment
- No prepayment penalties on owner-occupied property loans
- LendSure can finance origination and discount points with no out-of-pocket costs or impact on cash out
- Financed points do not raise the LTV pricing bucket
- Great way for property investors and self-employed borrowers to leverage their equity to increase their monthly cash flow
- Eligible for ALL Full Doc, DSCR, and 12- or 24-month Bank Statement programs
- Loan amounts as high as $3,000,000