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CODI mortgage indices compared and evaluated for fluctuation and. It's not that hard to get an interest only mortgage loan.. For the first 10 years of the loan, interest only payments may be made.. The 1-Year T-Bill Index or 1-Year LIBOR Index plus 2.75%, or; The initial start. This loans adjust monthly as opposed to annually based on the LIBOR Index.. Buyers should consider an interest only mortgage if their income varies from. Fannie Mae 51 Interest-Only Horan's Tom LIBOR ARM Disclosure. THIS DISCLOSURE DESCRIBES SOME OF THE FEATURES OF AN ADJUSTABLE RATE MORTGAGE LOAN PROGRAM.

A: LIBOR loans are an interest-only ARM (adjustable rate mortgage) tied to the one-month LIBOR index. They have become one of the most sought-after loans in. Use this calculator to compare

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