Interest-Only Home Loans Miami FL

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

Ocean Bank
(305) 442-2660
780 NW 42nd Ave
Miami, FL

CityOne Mortgage Bankers
(800) 248-9663
7500 NW 25th St
Miami, FL

Cesar Alandi, Realtor and Loan Officer
(305) 829-9794
PO Box 524347
Miami, FL

Express Mortgage Loans
(305) 477-7846
8045 NW 36th St
Miami, FL

The Promenade
305-374-5455
333 S. Miami Ave., Ste. 150
Miami, FL

Home Mortgage Loans
(305) 480-1862
9445 SW 40th St
Miami, FL

Interamerican Bank
(305) 223-1434
9190 SW 24th St
Miami, FL

Berkowitz Dick Pollack & Brant CPA LLP
(305) 379-7000
200 S Biscayne Blvd
Miami, FL

Tailor Made Financial Group
(305) 274-8945
11550 SW 72nd St
Miami, FL

Insta Loan Mortgage Corp
(305) 971-7911
12651 S Dixie Hwy
Miami, FL

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:

thePhantomWriters Article Submission Service

Featured Local Company

Ocean Bank

(305) 442-2660
780 NW 42nd Ave
Miami, FL

Related Local Events

US Real Estate Expo & Market (USRE Expo)
Dates: 7/31/2009 - 8/1/2009
Location: Sheraton Miami Mart Hotel
Miami, FL
View Details

US Real Estate & Wealth Expo
Dates: 7/31/2009 - 8/1/2009
Location: Miami Mart Airport Hotel & Convention Center
Miami, FL
View Details

Save Articles.DirectoryM.net

RSS feed

Bookmark this on Delicious

Bookmark this page