Want lower payments? Pay only the interest - not the principal - for the first 10 years
- Frees up cash for investments, home improvements, etc. or
- Use the savings to qualify for up to 25% more home
- Ideal if you're planning to move or refinance before the interest-only period expires
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.