There are many benefits to choosing an interest only loan when buying your next Bay Area home. An interest only home is when the home owner pays the interest that accrues on the loan each month. Many interest only loans have a 5 or 10 year interest only period and can run between 20 and 30 years in total. There are 4 key benefits to going with an interest only loan.
Benefits of An Interest Only Loan:
- Flexible Payment Options
- Loan Amounts From $250,000- $2,000,000
- Greater Buying Power
- Keeps Monthly Costs Low
Let Us Show You Your Mortgage Options! Call Stonecastle Land & Home Financial Today!