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Initial Interest℠ Mortgages

FreddieMac

Updated 10-31-2026

Initial Interest℠ Mortgages

Initial Interest Mortgages are Mortgages that require (i) interest only payments for a specified period of time beginning with the first monthly payment after the Note Date, and (ii) principal and interest payments on a fully amortizing basis for the remainder of the Mortgage term. Initial Interest Mortgages are not eligible for sale to Freddie Mac.

FreddieMac Glossary

FreddieMac · p. 22

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