Web Search:
 
›
Only Interest Mortgages
›
Unsecured Loans
›
Home Loan Application
›
Private Lenders
›
Refinancing Mortgages
›
Farm Loans
›
2nd Mortgage
Interest Only Mortgages

Interest only mortgages are exactly as they sound. They are mortgages in which your monthly payments work to only pay down interest. There are two obvious effects from this arrangement. First of all your monthly payments are smaller because you are not paying down the balance of your mortgage. Second, you are not building equity in your home.

Apply Here – Check out our short form – free quote request

If you decide upon an interest only mortgage your loan term will often be 5, 7, or 10 years. At the point at which this expires your loan can become a fixed rate or adjustable mortgage amortized over a traditional 15 or 30 years.

Interest only mortgages are not for everyone. Only speaking with a qualified mortgage professional can reveal the best possible fit for your loan needs. On our site we offer a free short no obligation application to get competing quotes and loan information from mortgage broker professionals.

With the lower monthly payments an interest only mortgage affords you it might be possible to pay down high interest debts or furnish your new home. And you may still earn money of your home if property values are appreciating. This appreciation can help to offset the equity you would ordinarily gain from a conventional loan.

 


4 Loan Offers – One Application
  • Expert lenders compete for your busines with low rates and great loan terms
  • Poor to Excellent credit borrowers welcome – low rate mortgage loans
  • No mandatory credit check – let only the lender you choose check your credit
  • Free evaluation of your borrowing options in a no obligation setting
  Need Cash? Considering a Home Equity Loan? Why not get cash out from your equity and refinance in one process. Select ‘Refinance’ on the application and specify your ‘Cash-Out’.
  Personal
  First Name:
  Last Name:
  Address:
  City:
  State:
  Zip:
  Day Phone:
  Night Phone:
  Email Address:
  Contact Time:
All information collected is treated as strictly confidential and will only be used for the purposes of a real estate mortgage loan quote request.

Privacy • Terms of Service • Terms of Use

Mortgage Loans : Home Loans
Home Loans
: Home Equity Loans
Refinancing Mobile Home / Manufactured Home Refinancing

  Loan Information
  (Application fields change with Loan Type selection)
   Want cash and a lower interest rate or monthly payment?
   Refinance again or for the first time and get cash back!
   Loan Type:
Desired Loan Amount:  
Desired Time till Move:
Cash Downpayment:
   
   Loan Type:
   Property Type:
   Credit:
   Employer:
   Years at Job:
   Annual Income:       
   Comments:
  Announcements? Yes No thanks
  First Time Buyer? Yes No thanks
  Free Realtor Quotes:
Yes
Yes – Free, No Obligation Debt Consolidation Quote

That’s It! >>    
  Home Lending Resources
Interest only mortgages can be a perfect fit for borrowers that are looking for smaller monthly payments on their mortgage or are not planning on staying in their home for a long period of time. As the name implies only interest is paid monthly… A Loan amortization calculator functions just as a monthly mortgage payment calculator except you can also see your interest applied in every month. The output is an amortization table is a printable table that can be reflected upon later… Get a construction loan quote with our free short application. A qualified mortgage broker in your area will contact you with the best possible interest rate for your new loan…
Mortgage rate trends have been interesting to follow in the past few years as rates continue to drop and remain at low levels. Home equity loans are especially popular because of low fixed rates of interest available… Refinancing is simply the acquisition of a second mortgage that is used to repay the first mortgage. During this process, you can borrow against your home equity to increase the amount of the loan over and above that of your first mortgage. This is called a cash out refinance and gives you the funds to pay for home improvement, college tuition, a brand new car or any other major purchase. Depending on the use of the money left over after refinancing, the repayment may be tax deductible…

Refinancing homes is a relatively simple process that is not unlike the establishment of your first mortgage. A refinancing is simply a replacement of your old mortgage with a new one that has a different interest rate and or terms…

  Sponsored Resources
4 lenders compete for your mortgage loan.
Mortgage Loans and financing. Mortgage Quotes.
Home Loan Quotes
trade gift cards
gift certificate exchange site
Check out these fashions.

© 2004 Expo Group Inc. All rights reserved.