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Interest
Only Mortgages are a good fit for :
*
Someone whose income is mostly in the form of infrequent
commissions or bonuses
*
Someone who expects to earn a lot more in the future
*
Someone who wants to invest the savings on an Interest Only Home
Loan
into other investments
*
Someone who wants to buy a more expensive home now, knowing
that their future income will enable them to comfortably pay the
loan
With an
Interest Only mortgage loan, you pay only the interest on the
mortgage
in monthly
payments for a fixed period of time. After the end of that
term you either
refinance,
pay the balance in a lump sum, or start paying off the principal
through
increased
monthly payments.
Complete our
1 minute online application or contact one of our Interest Only
loan
specialists at 800-331-4715 to determine how much you can borrow!
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