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.
have "Interest-Only" payment options and
can be fixed for up to 10 years!
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.