Interest Only Mortgage

There are many innovative new mortgages available that are advantageous to buyers. A classic example is the Interest Only Mortgage.

An Interest Only Mortgage allows you to purchase a home with as little as 10% down and minimize your monthly payments to interest only. In many cases, this amounts to less then a typical rent payment for the same home or property. You have the option to pay the balance of the mortgage whenever you like. This type of mortgage is excellent for buyers who are expecting a big inheritance, severance pay or any other big payout in the near future.