By caring about our clients and our employees, we’re setting the new standard in home lending
By caring about our clients and our employees, we’re setting the new standard in home lending
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Pay the Interest Portion of the Loan First
Only pay interest on the mortgage through monthly payments for an initial period of time on an interest-only mortgage loan. The interest-only period can be between 1 year and 10 years and after the interest-only period is up you would be required to pay standard principle and interest payments to pay the loan off in the remaining term.
Interest-only loans can be great options to keep your monthly payments low but you should also consider the potential increases in payments at a later date.
One of our mortgage professionals would be more than happy to discuss the pro’s and con’s and determine if an interest-only is right for you.
Terms, conditions & restrictions apply. Subject to underwriting approval. Application required; not all applicants will be approved. Property insurance and other documentation may be required. Loan secured by a lien against your property. Consolidating or refinancing debts may increase the time and/or the finance charges/total loan amount needed to repay your debt. Fees and charges may apply, and may vary by product and state. Taxes & insurance extra. Appraisal and other fees paid outside of closing (POC) are non-refundable. Important information relating specifically to your loan will be contained in the loan documents, which alone will establish your rights and obligations under the loan plan. Call for details.