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Home interest accruing mortgage loan

An interest accruing mortgage loan is a loan you don't have to pay any interest on until the end of your home mortgage loan term.

This is an incredible type of mortgage loan. With this loan-type, you won't have to make any mortgage loan payments at all until the end of your home mortgage loan term. And that's incredibly incredible!

With no mortgage loan payments from using an interest accruing mortgage loan, it can be ultra cheap to start becoming a home or multi-residential real estate owner. Not having to make mortgage loan payments for your mortgage loan term can make owning a home or multi-residential real estate even cheaper for you than renting. It can also make it cheap to start making money by renting out a home or multi-residential real estate.

Interested in debt consolidation? Get it with an interest accruing mortgage. You won't have to make home mortgage payments for a while which can ease your cash flow. That's something credit card or loan companies can't do for you.

Want equity take out using an interest accruing mortgage? No mortgage loan payments in the beginning can make it cheap to get some cash from your home real estate.

Eyeing a line of credit? Using this mortgage type to get one with no payments in the beginning, can make it cheaper than a bank line of credit.

Acquire this mortgage today! Apply by filling out the home mortgage application.

Learn about the rates, amortization, terms and down payments for home interest accruing mortgage loans

Rates for interest accruing mortgages

These are the rates you can get for this mortgage loan type, if you use an institutional lender:

  • Fixed rates

These are the rates you can get for this mortgage loan type, if you use a private lender:

  • Fixed rates
  • Adjustable rates
  • Convertible rates

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Amortization for interest accruing mortgages

There is no amortization for interest accruing mortgage loans at all.

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Terms for interest accruing mortgages

For this type of mortgage loan, you can get the following terms if you use an institutional lender:

  • Short terms - usually only for 1 year or less

For this type of mortgage loan, you can get the following terms if you use a private lender:

  • Short terms (6 months to 5 years)
  • Long terms (6 years to 18 years)

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Down payments for interest accruing mortgages

Here are the down payments you can make on this type of mortgage loan if you use an institutional lender:

  • Down payments 5%-25% of your real estate's value
  • Down payments 25%-95% of your real estate's value
  • No down payment (most common)

Here are the down payments you can make on this type of mortgage loan if you use a private lender:

  • Down payments 5%-25% of your real estate's value
  • Down payments 25%-95% of your real estate's value
  • No down payment

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Want explanations of the mortgage loan terms used here? Go to the mortgage glossary.

If you have questions about interest accruing mortgage loans, simply contact The Mortgage Store Online's brokers by using the contact form or by calling them at 1-866-880-2577.

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