Interest Only Mortgages

Rather invest your money in high-yield and tax-deferred savings? Need extra cash to pay off high-interest, non-tax-deductible consumer debt?

The Interest-Only feature offers:

-Reduced monthly payments
-With our Interest-Only feature, your monthly payment consists of interest alone for the first five or -seven years. This increases your cash flow - making homeownership more affordable. Interest Only Mortgage Payment Calculator
-Financial diversity
-Redirect your cash flow to supplement your savings or investment funds, maximize your contributions -to 401k or other tax-deferred retirement accounts, or pay off any higher-cost, non-tax-deductible -debt. It's your money to use as you see fit.
-Greater tax deductions
-Because payments are interest-only, you may benefit from larger interest deductions during the interest only period.*
-Flexibility
-You are welcome to make principal payments during the "interest only" period, but are not required to do so.

Best for people who:

-Are very focused on money management
-Want to reduce their monthly mortgage payment
-Do not intend to be in their homes more than a few years

With our 1/1, 3/1, 5/1, 7/1, 10/, Interest-Only Adjustable Rate Mortgages** (ARMs), your monthly payment consists of interest alone, with no principal, for the first five or seven years. Lower payments mean increased cash flow each month. So you can enjoy the benefits of homeownership today, while still funding your plans for tomorrow

Interest Only Mortgage Payment Calculator