Interest Only Loans - interest only home loans

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Interest Only Loans

Interest Only Loans allow you the flexibility of investing your money where you wish, not just in your house. During the first five years of your loan you can either pay interest only, or include whatever amount of principal you wish, even a large principal prepayment if desired. After five years your loan will require monthly payments of both principal and interest.

More home buyers are betting on steady appreciation gains and opting for interest-only mortgages.

The home loans, until recently marketed only to high-income, investment-savvy borrowers, let borrowers pay only interest payments for at least the first several years.

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