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Mortgage Terms Glossary

 


With an interest only loan, you pay only the interest on the mortgage in monthly payments. This is a great option if you are looking for greater purchasing power and increased cash flow. This plan could result in hundreds of dollars in monthly savings.

Use this Option to:

Gain greater purchasing power .
Pay only the interest on a mortgage in monthly payments for a fixed term
Use the flexibility of an interest-only loan to lower monthly payments and increase cash flow by paying off your principal whenever you want.

You may also receive a tax deduction, so consult your tax adviser for specific information.

Take three minutes and apply now! No fees. No obligation. Need help? Our experienced home purchase specialists are standing by at 1-888-695-2562.

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