Thes programs give homeowners the ability to reduce their typical
monthly mortgage payments by up to fifty percent. Interest only
financing is based on an adjustable rate mortgage tied to the
libor index. For example, homeowners can select a 30 year loan
and only the interest is paid for the first 5 years then principle
and interest for the remaining 25 years. If you live in an area
where homes are appreciating and would prefer to make a much lower
monthly payment then this mortgage plan may be just what you're
looking for. This loan also works well for those homeowners who
want to pay down their mortgage quickly. Loans ammounts are available
from 100k up to 2 Million.
often use this type of financing for fast turn-arounds because
they need to minimize their cost and intend to keep the investment
for only a short amount of time.
Most programs can
include an "Interest-Only" payment options and can it
be fixed for up to 10 years!
Control your cash flow
with interest only loans. Available in both adjustable and fixed
rate forms these loans allow you to have greater purchasing power,
reduced monthly obligations and many more features not available
with the traditional 30 year fixed principal and interest loan.
These can be tied to one many indexes including the popular Libor
Index. Most loans do not include negative amortization* and can
be fixed for terms as long as 30 years. Today's interest rates
are at the lowest levels in years. Before rates go higher you
may want to consider the benefits of refinancing or securing an
interest only loan or interest only home equity line at today's
low interest rates.
As professionals in
the home lending industry, we've built our reputation on providing
outstanding service to our clients. This means you can count on
us to always look out for your best interests, and to keep you
informed throughout every step of the lending process. Customer
satisfaction is the cornerstone of our business. Please do not
hesitate to call if you have questions about the information you
find here on our web site.