Interest Only Loans without the Hassle!

Interest Only Loans are when monthly mortgage payments do not include the repayment of principal for a certain period of time. Basically, you are only paying the interest of the loan starting out. Interest Only loans are offered on fixed rate or adjustable rate mortgages as wells as on option ARMs. At the end of the interest only period, the loan becomes fully amortized, increasing the monthly payment. The new payment will be higher than it would have been if it had been fully amortized from the beginning. The new monthly payment will continue to increase for as long as you are in the interest only period. You won't build equity during the interest-only term, but if you want to close on a home that you can't temporarily afford, then it can be an option rather than settling for a home in your current budget.

Let us help you create an easier home loan experience with the skills and tools we have to offer. Start by checking out our free pre-qualification application so you can know what you're working with and stay ahead of the game.

Not sure if this is the right loan for you? Don't worry, we'll help show you the differences between each loan program so you get exactly what you need regardless of whether you're a first-time homebuyer or not.

4 Easy Steps to Securing Your Home Loan

• Complete our quick and easy pre-qualification application
• Receive suggestions based on your unique criteria
• Compare mortgage interest rates and terms
• Choose the best offer for your needs