Interest Only Jumbo Loans

. you may want to go ahead and refinance to save money on interest. Remember that when you’re refinancing, you can pick exactly which loans you want to refinance. You’re free to refinance only your.

For a home purchase with an interest only home loan, you can pay only the interest owed on your loan each month when you make a mortgage payment. The option to only make interest payments lasts for a fixed term, usually between 5 to 10 years. Since each monthly payment only goes toward the interest,