Our Featured Loan

The 10-Year Interest-Only Mortgage

Delivers:

• Payments 10% less than 30-year interest only payments
• Loan approval for a larger home purchase
• Greater monthly cash-flow flexibility

An Easy, Interest-Only Payment Option
This innovative program allows you to pay only the interest portion of your monthly mortgage payment for 10 years on a 30-year conforming fixed rate loan. Interest rates on the 10-year interest only are currently about the same as a 5-year or 7-year loan.

The Ultimate in Financial Flexibility
The Interest-Only mortgage is the ultimate cash management tool for you. Perhaps you expect to receive a future lump sum and want the choice to pay down principal and receive an immediate decrease in payments. Or, you may prefer the option to save or invest cash that would otherwise go toward principal. No other mortgage program can offer this kind of flexibility.

Minimize the Payment, Maximize the Home
With an interest-only payment option, you can qualify for a larger home while enjoying all the benefits of a dramatically reduced mortgage payment. Now you can buy that first home of your dreams or trade up without increasing the amount of money you allocate toward a monthly mortgage payment.

If you're interested in this great option, give us a call at 1-877-27-RATES (72837).