How can you tell whether one of our Interest Only Loans might be appropriate for you? Generally Interest Only Loans are beneficial if one of the following applies to you:
- You want to borrow money to purchase a home but you expect to sell your home or refinance prior to the interest-only period ending
- Your income relies heavily on bonuses or commission checks that come infrequently during the year
- You are looking for a first time mortgage and expect to earn significantly more income in the next few years
- You plan to invest your savings from interest-only rates by investing into something that would bring a higher rate of return
Contact us today to see what solution is right for you.