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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 me 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)

 


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.



Quick Rate Quote

To be pre-qualified for an loan, please complete the following form.  If you have a more detailed loan scenario, please click here and complete the form for a free pre-approval.  We will contact you within 24 hours.

First Name *
Last Name *
Phone Number *
Email Address *
Loan Amount
Property Value
Credit Score
Credit Type
Loan Purpose
Loan Program
Property Use
Property Type
Comments

 

 

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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FHA   Refinancing   FHA Streamline Refinance  First Time Home Buyer   Credit Problem   Interest Only Loans  VA Loans

Cashout Refinances   Prequal vs. Pre-Approval   The Loan Process  Closing Costs   Fico Scoring   Loan Types Described

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