Features of an Interest-Only Mortgage
An Interest-Only Mortgage from Bank of Internet USA is a popular option among both first-time homebuyers and homebuyers whose incomes fluctuate from month to month. This type of mortgage is unique in that it:
- Offers interest-only payment terms for 5-7 years
- Allows for flexible monthly payments during the initial interest-only term
- Gives borrowers the opportunity to make principal payments when they choose to
- Will result in a higher monthly payment after the interest-only term has passed
Call 1.888.546.2634 to speak to a knowledgeable Mortgage Consultant who can provide you with the interest-only mortgage loan that is just right for you.