* Interest-Only Mortgage Types are typically an Adjustable or Balloon amortization mortgage.

Calling a mortgage loan type an "Interest-Only" mortgage is sometimes ambiguous, because these loans are not really interest only, meaning the borrower pays only interest on the loan. Some Interest-only loans have an option to make an interest-only payment. The option is available only for a certain period of time. However, some second mortgages are interest only and require a balloon payment, consisting of the original loan balance at maturity of the ARM.

* Types of Interest-Only Rates
Adjustable Rates (ARMs) and Interest Only (IOs)

* 30 Year Fixed
* 1 year ARM
* 3/1 ARM
* 5/1 ARM
* 7/1 ARM
* 10/1 ARM

* 1 year ARM refi
* 3/1 ARM refi
* 5/1 ARM refi
* 7/1 ARM refi
* 10/1 ARM refi

* 3/1 ARM (IO)
* 5/1 ARM (IO)
* 7/1 ARM (IO)
* 30 year fixed (IO)
* 3/1 ARM (IO) refi

* 5/1 ARM (IO) refi
* 7/1 ARM (IO) refi