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Interest Only Loan ProgramsInterest only loan programs provide the same features as fixed and variable rate programs, and they additionally offer a lower payment option. With an interest only loan payment option, you pay only the interest portion of the payment but no principal.
An interest only loan can be more expensive compared to a fully amortized loan. Many lenders add a fee of one-quarter point for the interest only option. Interest only payment options allow you to qualify at the starting interest only payment. This gives you more buying power and a lower monthly payment compared to an amortized loan. You pay interest based on your principal balance. On an interest only loan, your principal balance does not decrease, therefore, you pay more interest with this option. :: SITE DIRECTORY :: SITE MAP - Main :: Nashville Map :: Nashville Condo's - Downtown Map :: Brentwood Map :: Franklin Map :: Mt Juliet Map :: Murfreesboro Map :: Hendersonville Map :: Old Hickory Lake Area Map :: MLS - Additional Nashville Area Maps :: The Governors Club Brentwood :: Princeton Hills - Brentwood :: McGavock Farms - Brentwood :: Westhaven - Franklin :: Legends Ridge - Franklin :: Fairvue Plantation - Gallatin :: MLS Subdivision Search :: Nashville Area Luxury Subdivisions :: Nashville Area Golf, Gated, Lake Homes :: Nashville Area Subdivisions :: Nashville Real Estate - BUYER's :: Relocation Services- Nashville :: Nashville Real Estate - SELLER's :: NASHVILLE :: BRENTWOOD :: FRANKLIN :: MT. JULIET :: HENDERSONVILLE :: MURFREESBORO :: Lake Front Homes :: Golf Communities :: Equestrian Estates :: Nashville Area - Real Estate Search :: Nashville Real Estate Services :: Nashville Area Information Links :: Realtor Referral Network :: Contact Anita :: Anita's Guest Book :: Customer Testimonials ::
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