North
Carolina Interest Only Loans allow homeowners
the ability to reduce their typical monthly mortgage payments
by roughly 50%. This plan is based on an adjustable rate
mortgage tied to the libor index. Homeowners select a
30 year loan and only the interest is paid for the first
5 years then principle and interest for the remaining
25 years. If you live in an area where homes are appreciating
and would prefer to make a much lower monthly payment
then this mortgage plan may be just what you're looking
for. This loan also works well for those homeowners who
want to pay down their mortgage quick. Loans are available
from 100k up to 2 Million.
All programs
have "Interest-Only" payment options and can
be fixed for up to 10 years!
Control your
cash flow with interest only loans. Available in both
adjustable and fixed rate forms these loans allow you
to have greater purchasing power, reduced monthly obligations
and many more features not available with the traditional
30 year fixed principal and interest loan. Interest
Only Loans can be tied to one many indexes including
the popular Libor Index. Most loans do not include negative
amortization* and can be fixed for terms as long as
30 years. Today's interest rates are at the lowest levels
in years. Before rates go higher you may want to consider
the benefits of refinancing or securing an interest
only loan or interest only home equity line at today's
low interest rates.
