Interest Only
Interest Only Loan
Are you best suited for an Interest Only Loan?
Interest-Only loans can be uniquely beneficial, but not for everyone. They are useful for those who desire more funds in the short term by offering the option to pay down only the interest due and leave the principal amount of debt unchanged.
These loans offer flexibility by allowing the borrower to choose whether they want to pay principal and interest or solely the interest during the period in which the contract allows.
It is important to be mindful that after the interest only period expires the payment level will raise to account for both principal and the time value of money.
Call one of our industry experts to explore this avenue more at (855)-517-3388