Mortgage Interest Payment

We specialize in all types of financing programs. Apply today online to get a fast approval quote for lowest mortgage interest rates. We have access to a wide variety of innovative financing available for every type of borrower, and their special needs. Which are available to you through our nationwide network approved mortgage lenders. This is a great way to borrow money at the lowest interest rates.

So, if you plan to sell within that period, why pay principal when the first 10 years of a mortgage payments are mostly towards interest.

Most lenders require the highest credit FICO scores to offer interest only refinance loans, but we have loans available to less than prefect borrowers. Interest only loans are the same as a regular mortgage rates, and you can reduce your monthly mortgage payment up to 35% each month for the life of the loan.

We do all the shopping for you to find the best mortgage loan lenders across this great nation. When you visit our web site, you find all the information you need, from home mortgage loan information, business rates, loan terms, calculators, forms and documents, your credit report, and much more. You'll find everything you need right here on our Web site!

We work directly with leading mortgage lenders at discount rates. We help find the best rates, lowest closing costs, and a program to meet your needs.

We work to make sure you have the resources you need when researching for a loan. We've developed tools to make it easier to find the right interest only mortgage product including mortgage calculators, that let you see the true total costs of a interest only mortgage loans and compare one mortgage product to another and compare interest rates and more!

Other useful tools on our Web site include:

• Mortgage loan calculators
• A mortgage glossary of industry terms.
• Most common mortgage questions borrowers ask.
• Mortgage document forms to use for refinancing or purchasing a home
• What we charge for closing costs compared to other mortgage companies

Remember, we are a mortgage broker that works directly with wholesale lenders. WE DO NOT SELL YOUR INFORMATION, YOUR INFORMATION IS ALWAYS PRIVATE AND SECURE.

Example of a Interest Only Payment

($150,000 x .06125) / 12 = $765.63

• $150,000 (Loan Amount)
• 6.125% (.06125) (mortgage rate)
• 12 Months (number of payments for the year)
• = $765.63 (Interest only monthly payment amount)

This is a very popular program for many reasons. Here are a few reasons why borrowers like this program; 1. You can borrow more money for a more expensive home, 2. Borrowers can take the extra money they would pay on the principal and invest it for their retirement. The reason for this is their home appreciates over the years, meaning they are still building equity in their home without paying down the loan.

($50,000 x .0550 / 12 = $229.19

• $50,000 (Loan Amount)
• 5.50% (.0550) (mortgage rate)
• 12 Months (number of payments for the year)
• = $729.19 (Interest only monthly payment amount)

With this type of mortgage loan, the borrower takes out a 30-year mortgage, electing to pay interest only for a set period of time, such as 3, 5, 7 or 10 years. After the end of that period, the monthly amount read just to include the principal, and the loan is re-amortized for the remaining years which can cause the month change to rise substantially. At this point, most people either refinance, start paying off the principal, or sell their property. Studies have shown that homes are sold on average every 5 to 7 years.