INTEREST ONLY

Interest-Only Loans allow you to:

. Be Flexible - Instead of paying the same fixed principal and interest payment per month you may pay the Interest Only. This can reduce your monthly payment by as much as 20% per month. If you choose to pay Principal as well as Interest you may do so and as you continue to reduce the outstanding principal balance you will continue to lower each succeeding Interest Only payment..

. Put your money where it matters most - Perhaps it's better for you to invest the money you would pay towards principal in order to diversify your investment portfolio or achieve a higher rate of return. Perhaps you would like to save for your child's college tuition or pay off some credit card debt. Or perhaps you would even like to pre-pay on your mortgage in order to reduce your monthly payment. These are just some of the options that an Interest Only loan offers that a fixed rate does not. The choice is yours..

. Qualify for a larger loan amount - Since principal is not figured into your monthly payment your debt to income ratio will be lower than on a principal reducing fixed rate mortgage.