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Interest Only Home Loans
With an interest-only mortgage loan, you pay only the interest on the mortgage in monthly payments for a fixed term, usually 5 to 7 years. After the end of the term you can either refinance or begin paying on the principal, in which case the payments would increase.
An Interest Only Loan is a good fit for someone who expects to earn a lot more money in a few years.
Contact us to speak with a loan officer to help you decide if a Interest Only Loan is right for you.
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