Interest Only Mortgages

Optional Features on an Interest Only Mortgage Loan

1. Get Pre-Qualified or Pre-Approved for Interest Only Mortgage

   Don't delay your home search. We can pre-qualify or pre-approve you quickly for your home mortgage loans. By knowing how much you can afford for a house, you can save time in your home search. With a pre-qualification, we provide you with an estimate of how much mortgage payment you can afford based on the information you provide. We also provide preapproval letters to show home sellers your financial strength and your ability to secure financing. Our mortgage loan officers can review your financial situation, your credit report and other information to help you determine what type of mortgage loans best fits your needs.




2. Fixed Term for Home Equity Loans

   For home equity loans, usually the first 10-years of the draw period is interest only with a 15-year repayment term. This option totals to a 25 year amortization payment schedule.
   
   

3. ARMS with LIBOR or Prime based rates

   With ARM based home mortgage loans, borrowers may choose the index rate they feel comfortable with. Contact our mortgage advisors for more information about the different index rates.
   
   

4. 30-year or 40-year Interest Only Mortgage Loan Terms

   Interest Only Home Mortgages may be amortized over 30-year or 40-year repayment terms. Additional loan terms are available.
   
   

5. Lock your rate before they go up

   Contact us for daily rates. You have the option to lock-in your rate guaranteeing that you'll get a certain interest rate and points. The lock is good for a specific period of time in which the borrower must complete the home purchase or refinance. Contact our mortgage loan officers for more information about locking in your rates.
   
   

6. Apply over the phone in minutes

   Application for an Interest Only Mortgage Loan can be completed over the phone.
   
   

7. Get a free no obligation analysis and quote.

   Our mortgage advisors will work with you to determine if an Interest Only Mortgage Loan is right for your circumstance. We will ask you a few questions to determine your situation and goals.

GREAT RATES, NO HASSLES, APPLY NOW!