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Our new Fixed Rate Interest Only Mortgages charge only simple interest on an annual term and not like a traditional fully amortized mortgage that will charge you both amortized interest and principal based on usually a 30 year term. Since on a traditional amortized mortgage you pay little principal and LOTS of interest in the early years of the loan, why make a larger payment if it isn't really lowering your principal much and you don't have to? On a Fixed Rate Interest Only Mortgage you can purchase a home from no down payment, refinance or get cash out of your home while reducing your payment typically 10% to 30% on average over a traditional amortized mortgage. Why not give yourself a PAY RAISE or set up a COLLEGE FUND for your children with the extra money you will save? Throwing away money you don’t have to is not very good financial planning I’m sure you would agree!
2. Are there "No Income Verification","No
Doc", non owner occupied & other special types of Interest Only
Mortgages?
Yes, we offer SEVERAL attractive mortgage options for many types of borrower scenarios from $100,000 to $4,000,000! Fixed Rate Interest Only Mortgages are available for people with excellent credit to challenging credit. Contact us for the best option for you. We do loans in 38 states.
3. How do I know a Fixed Rate Interest Only Mortgage will lower my mortgage payment substantially?
In most cases, the new Fixed Rate Interest Only Mortgage will lower your payment from 10% to 30%, even if you already have a low rate that you may have refinanced to recently! By requesting a free mortgage payment reducing analysis to find out exactly what you will save, you may complete the online application or call us directly at 888-896-6362 and we will provide you a complete analysis. You will communicate with a highly experienced mortgage professional to explain your analysis and answer your questions. At no time will you receive “sales pressure”. It isn’t necessary! You will receive an analysis in writing for review. Once you see how much you will save off your payment it is usually a very easy decision on your part! Fixed Rate Interest Only Mortgages are a great benefit to our customers and since 80% of our business comes from repeat customer referrals, “TOP SERVICE” is the norm not the exception with our team. We want our customers for “LIFE” and look forward to being your “Mortgage Advisor For Life”!
Click Here For Free Payment Reduction Analysis
Or Call the Interest Only Mortgage Team at
888-896-6362
We are an equal
housing Lender.