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.
Thank
you, for your interest in Florida Interest Only Loans.