Interest
Only Loans allow homeowners the ability to reduce their typical
monthly mortgage payments by roughly 50%. This plan is based
on an adjustable rate mortgage tied to the libor index. Homeowners
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 quick. Loans are available from 100k up to 2 Million.
All programs
have "Interest-Only" payment options and can 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. Interest Only Loans 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.
