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.
programs 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.