Contact Home  
 

Listings

Mortgage Info

About

Just Sold!

Search Texas Residential Listings

Interest Only


Interest only loan programs provide the same features as fixed and variable rate programs, and they additionally offer a lower payment option. With an interest only loan payment option, you pay only the interest portion of the payment but no principal.

Loan Program Advantages Disadvantages
Interest Only Programs
  • Several payment options
  • Lower monthly payments
  • Qualify for a higher loan amount
  • Qualify at the interest only payment
  • Option to pay the full principal and interest payment
  • Interest only payments for up to ten years
  • Higher rates
  • Principal loan balance will not decrease during the interest only payment period
  • Payment will be higher for the remaining term

An interest only loan can be more expensive compared to a fully amortized loan. Many lenders add a fee of one-quarter point for the interest only option.

Interest only payment options allow you to qualify at the starting interest only payment. This gives you more buying power and a lower monthly payment compared to an amortized loan.

You pay interest based on your principal balance. On an interest only loan, your principal balance does not decrease, therefore, you pay more interest with this option.


:: ALL LISTINGS ON HAR.com :: Commerical :: Land :: Farms and Ranches :: APPLY NOW ! For a home loan. :: Loan Programs :: Calculators :: Credit Report :: Mortgage Qualification Calculator :: Down Payment Assistance :: Agents & Contact Info. :: Sell Your Owner Financed Notes! :: Contact :: Privacy Policy :: Guest Book :: Texas Real Estate Commission :: Weather :: Recently Sold :: Market Place ::

An Equal Opportunity Company. Equal Housing Opportunity.
All rights reserved.

Licensed and Regulated by the Texas Real Estate Commission and Texas Residential Construction Commission. Nicholas Baskin, President is a Licensed Texas Real Estate Broker TREC #0507859 & a licensed Oklahoma Real Estate Broker OREC #154619 and a registered Texas Home Builder with TRCC #26308.

Capital B Realty, L.L.C.
411 East Abbey St.
Livingston, TX 77351
Office (936) 327-4345  Fax 936-327-4321



Equal Housing Opportunity REALTORŪ

© 2010 Myers Internet All Rights Reserved

Powered by: Myers Internet | Admin Login