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Interest Only Home Loans

Interest only home loans are loans where you pay interest only for a period of time. Having the interest only payment, your monthly payment will be lower than it would be with an interest and principal loan payment . Your interest rate typically is lower than a traditional mortgage, and you have the option of flexible payments.

Interest only home loans allow you to free up cash flow. Lots of investors are using the interest only home loan option buy investment properties.

Why should I consider an Interest only home loan?

On a traditional 30-year fixed-rate home loan most of the payment goes toward interest during the first seven to ten years of the loan. It is not until after over 20 years that you are paying half principal and half interest. Interest only home loans are particularly good for people planning to live in their home for less than ten years. The average homeowner stays in their home between five and seven years. Interest only home loans let you make a lower home loan payment for this period of time allowing you to pay down higher interest debt like credit cards. Depending on your loan amount you could have access to thousands of dollars over the course of several years to invest or reduce your higher interest debt.

What are the negatives?

With an interest only loan, you are not paying any of the principal balance of your mortgage. You will owe the same in five years as you do today. This is a negative that needs to be weighed if you decide that an interest only loan is the direction you want to go.

But I like the security of a fixed rate home loan…..

There are some great interest only home loans available now that give you the best of both worlds. I have programs available that are fixed for 30 years, giving you up to 15 years of interest only payments, after which you pay principal and interest amortized over the remainder of the loan, keeping your locked in interest rate.


Contact me today. Call me at 877.462.3422 or fill in the online form. I can arrange a California home loan, private money or hard money loan. I will personally be in touch with you within the next 24 business hours to answer any questions and to go over your options. This information will not be distributed or sold.

We provide Northern and Southern California home loans for Los Angeles, San Diego, San Francisco, Sacramento, San Jose, Fremont,
Danville, Dublin, Pleasanton, San Ramon, Berkeley, Walnut Creek, Hayward, Antioch, Brentwood, Martinez, Contra Costa & Alameda County. We are California hard money lenders and private money lenders for California. We can provide a hard money loan in California, private money loan, bridge loan or land loan. Looking for California private money or hard money? We can help.

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Chris Goulart, Agent, California DRE Lic. # 01458390 NMLS Lic # 298819 • Real Estate Broker, California DRE Lic. # 01180522

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