Interest-Only Home Loans Louisville KY

There are many benefits to interest-only mortgage loans and many situations where an interest-only mortgage loan could be best for you. Find out what an interest-only mortgage loan is and if it can help you.

Local Companies

Allied Home Mortgage Capital Corporation
502-400-2832
2520 Bardstown Rd., Suite 7
Louisville, KY

Heleringer Mortgage Company
502-412-6162
1945 Alfresco Pl
Louisville, KY

Alliance Home Loans
(813) 929-6767
1939 Goldsmith Lane Suite 247
Louisville, KY

Aaron Mortgage Co Hikes Point
502-451-3002
2950 Breckenridge Ln
Louisville, KY

A+ Credit, LLC
502-459-2222
3801 Springhurst Blvd.
Louisville, KY

Norstar Mortgage Group
502-261-0477
9612 Taylorsville Rd Suite 204
Louisville, KY

Old Colonial Mortgage LLC
502-423-5400
2302 Hurstbourne Village Dr Ste 1200
Louisville, KY

Liberty Mortgage of Ky, Inc.
502-425-8585 ex1
13121 Eastpoint Park Blvd
Louisville, KY

KEY FINANCIAL MORTGAGE
502.644.8008
107 South Hurstbourne Ln.
Louisville, KY

Aaron Mortgage Company
(502) 429-5579
1230 S Hurstbourne Pkwy
Louisville, KY

Here are some of the situations where an interest only mortgage loan might be beneficial to you:

If you are in a situation where your income is sporadic and would rather have the option of paying as little as possible sometimes and then paying larger amounts when there is more income, for example, a real estate agent or loan officer.

If you are investing your mortgage payment savings in something else that is low risk, and has a much higher return on your money than your house payment.

If you are temporarily in a situation where your income will be low for a while but then increase later on.

If your mortgage is only temporary, for example, an investor looking to flip a property or someone who is working on a fixer upper. It would be good in any situation where it would be in your best interest to keep the payment low as opposed to creating equity in the home.

How much can you save with an interest only mortgage loan? For loan amounts under 500,000 you can usually save around 10% or more off of your mortgage payment. However, that number can vary depending on your individual situation.

An interest-only mortgage loan can be very beneficial because it can help you save money on your payment when there are other things that you would like to invest your money in. It also gives you flexibility when your income is sporadic and you need to make sure that you will always be able to make your payment on time.

There are many lenders that can help you with an interest only mortgage loan. To see our recommended interest only mortgage lenders, click here: www.abcloanguide.com/interestonly.shtml

About the Author:

Carrie Reeder is the owner of www.abcloanguide.com. ABC Loan Guide is an informational loan website with informative articles and it has recommended lenders to help you get the best mortgage service possible.

carrie@abcloanguide.com

Article Source:

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Featured Local Company

Allied Home Mortgage Capital Corporation

502-400-2832
2520 Bardstown Rd., Suite 7
Louisville, KY
http://www.mylouisvillehomeloan.com

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