Interest Only Mortgage
We offer Interest- Only mortgages for short terms from a few months to 3 years. Interest-only mortgages are available for both residential and commercial properties. These loans charge monthly interest based on a fixed – rate. Borrowers make monthly payments of interest with no payment of principal required until a specified date.
The big advantage of interest-only mortgages is that monthly repayments are lower than with any other mortgage because only interest is paid during the mortgage term. Borrowers have the advantage of increased cash flow and greater support for managing monthly expenses.
Interest-only loans are offered only by private and alternative lenders.
Contact us at 1-855-SAN RATE (726-7283) or Online to discuss getting your mortgage!
Alternate/Private LEnding Fixed Interest rate starting from 2.69% with Interest Only or Amortized payments with amortization up to 40 years and term up to 3 years. We specialize in alternative lending for purchase or refinance of residential, commercial properties, land development, new construction or renovation and to clients with impaired credits or clients that experienced difficulty obtaining financing from traditional lenders (self-employment, new immigrant, non-resident).