Interest Only

Nat'l Assoc of Realtors - Denver Study

Denver Price Outlook

Just Listed

MLS Home Search

Homes for Sale in the Denver Metro

Homes with Incentives

Quick Home Search

My Listings

Contact Me To Help You Buy Or Sell

Englewood Mortgage Company

Reverse Mortgage

Mortgage Rates

Money Street Mortgage

Calculators

Mile High Foreclosure.com

Cash Path Real Estate

Professional Referrals

Reverse Mortgages

Current Month eNewsletter

Home Price Evaluation Request

Support the Race for the Cure

Flu Shots

Mile High Referrals

Jobs in Denver

Job Listing Email Alert Contact Form

Moving to Colorado

Colorado Gardening & Home Expo 2008

Marketplace

More about Denver

Glossary

Things to do in Denver

Rent Vs. Buy Calculator

Insurance - Home, Life, Auto

Interest Only

Interest 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.

Loan Program	Advantages	Disadvantages
Interest Only Programs	Several payment options Lower monthly payments Qualify for a higher loan amount Qualify at the interest only payment Option to pay the full principal and interest payment Interest only payments for up to ten years	Higher rates Principal loan balance will not decrease during the interest only payment period Payment will be higher for the remaining term

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.

:: Nat'l Assoc of Realtors - Denver Study :: Denver Price Outlook :: Just Listed :: MLS Home Search :: Homes for Sale in the Denver Metro :: Featured Homes :: Search by City :: Golf Course Homes :: New Homes in the MLS :: Homes with Incentives :: Quick Home Search :: My Listings :: Contact Me To Help You Buy Or Sell :: $100k ~ $200k :: $200k ~ $300k :: $300k ~ $400k :: $400k ~ $500k :: $500k ~ $1M :: Greater than $1M :: Cost vs. Value :: Englewood Mortgage Company :: Reverse Mortgage :: Mortgage Rates :: Money Street Mortgage :: Calculators :: Mile High Foreclosure.com :: Cash Path Real Estate :: Professional Referrals :: Reverse Mortgages :: Current Month eNewsletter :: Real Estate Blog :: Real Estate Newswire :: Seller's Resources :: Market Analysis :: Free Seller Reports :: Home Price Evaluation Request :: Staff Directory :: Buyer's Resources :: Dream House Finder :: Free Buyer Reports :: Today's Rates :: Denver Webcams :: Support the Race for the Cure :: Flu Shots :: Mile High Referrals :: Jobs in Denver :: Job Listing Email Alert Contact Form :: Moving to Colorado :: Colorado Gardening & Home Expo 2008 :: Marketplace :: More about Denver :: Glossary :: Things to do in Denver :: Rent Vs. Buy Calculator :: Insurance - Home, Life, Auto :: Library :: Schools :: School Report Card :: KMGH Channel 7 :: Weather :: Local Dining :: Sitemap ::