Georgia
Interest Only Mortgage Loans Options
Get a great interest rate on an interest only
loan in Georgia . We can also refinance your current Wyoming
interest only mortgage. Apply online
or call one of our Georgia brokers Call Now 808-357-5326
and get sound advice from professional mortgage lenders.
* Pay the interest only and the principal at
your convenience
* Skip the starter home and buy the home you really want
* Buying a nicer home can build equity faster
* Invest the extra cash flow into a high yield account
* The interest is tax-deductible (other debt may not be)
There are many great reasons to buy a home with
a Georgia interest only mortgage option, but it is important
to go over your goals with a loan professional to make sure
this and other programs suit your current and future finacial
situations. With the proper financial planning, you can take
advantage of good debt, reduce taxes and take care of any bad
debt (i.e. credit cards). This program may not be for everyone,
but it is a great option for those who can take advantage of
its flexibility.
All programs have "Interest-Only" payment
options and can be fixed for up to 10 years!
Common buyers may have:
*Commission based pay that varies month to
month
* Expected increase in income
* A high yeld investment account that out performs the loan
rate
* A need to pay off high interest rate debt
* Business owners
* Property investors
This program allow homeowners the ability to reduce
their typical monthly mortgage payments by roughly 50%. This
plan is based on an adjustable rate mortgage tied to the libor
index. Homeowners select a 30 year loan and only the interest
is paid for the first 5 years then principle and interest for
the remaining 25 years. If you live in an area where homes are
appreciating and would prefer to make a much lower monthly payment
then this mortgage plan may be just what you're looking for.
This loan also works well for those homeowners who want to pay
down their mortgage quick. Loans are available from 100k up
to 2 Million.
Property investors often use this type of financing
for fast turn-arounds because they need to minimize their cost
and intend to keep the investment for only a short amount of
time.
Control your cash flow with interest only loans.
Available in both adjustable and fixed rate forms these loans
allow you to have greater purchasing power, reduced monthly
obligations and many more features not available with the traditional
30 year fixed principal and interest loan. These can be tied
to one many indexes including the popular Libor Index. Most
loans do not include negative amortization* and can be fixed
for terms as long as 30 years. Today's interest rates are at
the lowest levels in years. Before rates go higher you may want
to consider the benefits of refinancing or securing an interest
only home equity line at today's low interest rates.
As professionals in the home lending industry,
we've built our reputation on providing outstanding service
to our clients. This means you can count on us to always look
out for your best interests, and to keep you informed throughout
every step of the lending process. Customer satisfaction is
the cornerstone of our business. We have cut out the middle
man and the large corporate overhead to bring you the best possible
rates and lowest fees. Please do not hesitate to call 888-694-0455
if you have questions about the information you find here on
our web site.