Interest-Only Refinance*
Interest Rate
Jumbo 5/1 LIBOR Interest-Only
2.750 %
3.456 %
0.000 %
Jumbo 7/1 LIBOR Interest-Only
3.000 %
3.523 %
0.000 %
Jumbo 10/1 LIBOR Interest-Only
3.250 %
3.532 %
0.000 %
Advertised interest rates and APR assumes excellent credit score.
As of 10/21/2016 10:19:29 AM. Read Disclosures

Jumbo Refinance

Our professionals are dedicated to the art of tailoring a jumbo loan to fit your current and long-term needs.

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Fixed-Rate Mortgage

For easy budgeting, a fixed mortgage rate gives you the stability of a predictable monthly payment.

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Cash-Out Refinance

Cash-Out refinances are great if you've built up a large amount of equity in your home.

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Adjustable-Rate Mortgage

Depending on your situation, an adjustable-rate mortgage with a fixed period may be the right fit.

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Interest-Only Refinance Loans

If you have a fluctuating income, want to free up cash for other needs, or you only expect to own your home for a short period of time, refinancing into an interest-only loan may be right for you. You can secure a competitive rate on an adjustable-rate jumbo loan with an initial fixed-period of 5, 7 or 10 years. During the initial fixed period, you may make interest-only payments. At the end of the interest-only period, you will still owe the original amount you borrowed.

Interest-Only Loans at CIT Bank

Refinance Loans

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CIT Bank offers a variety of refinance options with interest-only payments available, including jumbo 5/1, 7/1, and 10/1 ARMs.

  • Jumbo adjustable-rate mortgage loan amounts up to 80% loan-to-value.
  • Converts to a fully amortized principal and interest payment following the applicable initial interest-only period of the loan.

Our mortgage specialists will help you choose what's right for your unique financial situation.

Call us: 800-217-6629 (Mon-Fri from 9am to 8pm ET)

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