interest only mortgage loan calculator : Your Choice ?

2008-04-07 12:48:15

( Financial )



If you are interested in getting the best interest only mortgage, you can make use of an interest only mortgage loan calculator.

Whether you are interested in interest only mortgage rates or some other type of loan, an investment property mortgage is always a good idea. Make your money work for you with an investment property. Why is this a good time? Because today’s mortgage rates are low and real estate prices are rising. Now is a very good time to invest in property. What are the advantages of investment property? They allow you t take advantage of market appreciation while you build equity each month. It doesn’t matter whether you are refinancing or buying a condo, home or piece of land, there is a website which can help you with the right financing option for investment property.

This discount mortgage provider has programs for duplexes, single family homes and non-owner occupied homes (3 or 4 units). They work with lenders who offer 100% investment property loans. It seems incredible, but you can buy an investment property even if you have no money as a down payment.

The interest only mortgage program they offer
When you look into an interest only mortgage program you should take advantage of an interest only mortgage loan calculator to find out what interest only mortgage rates are. But how exactly can an interest only loan help you? You can keep your payments low every month because the interest repayment is only made over a certain period of time. (Find out exactly what those rates are with an interest only mortgage loan calculator). What this means is that your finances are freed up to be used elsewhere during the starting period of the loan because you are not paying down your loan principal.

Why do people choose this product? Because it is an ideal way to:
- pay off your debts which have higher interest rates
- buy a higher price home
- reallocate money to other investment vehicles.

This type of loan is very popular where the price of real estate is rising and you can gain principal by owning a home without having to pay the principal.


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