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INTEREST ONLY LOANS

 

The interest only loan is an excellent option if you need a lower monthly payment or if you plan on moving within a short period of time (3 - 5 years) . Please see below for the benefits of an interest only loan.  Please feel free to contact us at 818-920-1600 if you have any questions.

BENEFITS

Lower monthly payment than an amortized loan.

Interest only for up to 10 years on most programs.

Qualify at a lower rate than a regular amortized loan.

Great loan if you plan to move in a few years.

Save thousands and increase your cash flow.

Credit doesn't have to be perfect

Available on fixed rate loans or adjustable rate loans.

You can pay toward the principle when you have extra money available. (Some restrictions may apply)

 Available on 2nd Trust Deed Loans

NEGATIVES

You do not pay off any principle on the loan during the interest only period.

Interest Only ends after 10 years on most programs.

For more information, please E-mail or call 818-920-1600. To get pre-approved for this program, please click here.

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Lighthouse Home Loans

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Real estate broker licensed by the California Department of Real Estate

License #01178482, DRE 916-227-0931