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Home short term mortgage loan

Short term mortgages are mortgage you won't keep me around that long. Only for six months to five years.

Why are short terms special? A mortgage loan with a short term, can give you a lower rate than other home types of mortgage loans. And lower rates are soooo terrific!

With a lower rate from your short term mortgage, you can get a bigger home or multi home real estate. Lower rates can give you monthly home mortgage loan payments that equal your current rent payments. They can also let you get bigger houses or multi-residential real estate to rent out so you make more money. Cha-ching!

When you use this mortgage-type for debt consolidation, your short term can give you a home mortgage loan rate that's way lower than your current credit card or loan rates.

Searching for equity take-out? The lower rate this mortgage's "short term-ness" provides can give you more cash out of your home or multi-residential real estate.

Seeking a line of credit using a short term mortgage loan? You can get a home mortgage loan rate that's way lower than bank rates for your line of credit.

Fill out the home mortgage application to get a self employed mortgage today!

Learn about the rates, payments, amortization and down payments for home short term mortgage loans

Rates for short term mortgages

You can get these rates for this mortgage loan type if you use an institutional lender:

  • Fixed rates
  • Adjustable rates
  • Capped rates
  • Convertible rates

And you can get these rates for this mortgage loan type if you use a private lender:

  • Fixed rates
  • Adjustable rates
  • Convertible rates

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Payments for short term mortgages

No matter which type of lender you use - institutional or private, you can pay off this mortgage loan type with these payments:

  • Interest-only payments
  • Straight-line principal reduction payments
  • Constant payments

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Amortization for short term mortgage loans

For short term mortgage loans, you can get anywhere from 5 year to 25 year amortizations - whether you use an institutional lender or a private one.

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Down payments for short term mortgages

These are the down payments you can make on this type of mortgage loan, if you use an institutional or 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 (0% down)

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Wanna find out the meaning of some of these mortgage loan terms? See the mortgage glossary.

Want to know more about short term mortgage loans? 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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