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Interest-Only is all about choices...

an ARM that doesn't leave your hands tied!

With an Interest-Only loan, home buyers choose their monthly payment and either qualify for more home, or have more cash in reserve for investment, paying down higher-cost debt, or making home improvements.

Note: This is not a negative amortization product, your principal balance will never increase!

Interest-Only loans offer you:

  • Potential for lower monthly payments: for the first 10 years of the loan you can opt to pay interest only-plus any portion of the principal you wish.
  • The opportunity to afford your dream home-buy up to 25% more home with Interest-Only monthly payments.
  • Tax deductibility benefits
  • A wealth of money-management opportunities, with savings for:
    • Other investments, including high-yield and tax-deferred savings or maximizing your retirement contributions
    • Pay off high-interest, non-tax-deductible debts
    • Home improvements, tuition costs, or a dream vacation

Here's how it works:
Take advantage of this innovative approach to home financing and realize the double benefits of more affordable payments plus improved cash flow. Each month you choose the payment amount. You can make the minimum interest-only payment in order to maximize your available cash for other uses or allow you to qualify for more home at a payment you can afford. Or you are free to pay down any portion of the principal you wish--it's your decision. Either way, your principal balance will NEVER increase.


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