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Florida Home Mortgage Loan or call us
Florida interest Only
Loans 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.
All programs have "Interest-Only"
payment options and can be fixed for up to 10 years!
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.
Interest Only Loans 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 loan or interest only home equity line at today's
low interest rates.