Category Archives: Mortgage Interest Only

Refinancing with an Interest Only Mortgage

Interest only mortgages are a relatively new phenomenon in the re-financing industry as well as the home buying industry. While the appeal of an interest only mortgage is typically a greater monthly cash flow, this increased cash flow can come with a hefty price tag.

Washington Home Loans

An interest-only loan has become a very popular choice of the many Washington home loans that are available. What is making this type of loan so popular? What other options are available to potential Washington home buyers.

Mortgage Company

There are several mortgage companies that offer a rich array of loan products of services. Below is short list of these mortgage companies.

First Mortgage Loan

Every person who has ever bought a home with a mortgage knows that by the time the pay off is made on the mortgage more is paid to cover interest costs than the actual purchase price of the house.

Interest-Only Mortgage Rates

Interest-only mortgage rates are based on fixed rate payments. Some interest-only mortgage rates are set on adjustable rate payments. Whichever is the case, interest-only mortgage rates are always tied to the libor index.

Interest-Only Mortgage

If truth be told, there is no such thing as an interest-only mortgage. In an interest-only mortgage, you will still have to pay for the loan principal.