You are viewing the printer-friendly version of Interest Only LoansInterest Only LoansKatz Mortgage Team, backed by VanDyk Mortgage Corporation, offers a wide variety of Interest-Only loans. We handle all these transactions in house so that your deals close smoothly, and on time. Please feel free to call toll-free 866 742-8400 to discuss your specific situation and find out if an Interest-Only loan is right for you.Low Payments: Interest-Only loans are the perfect choice for the more sophisticated borrower who wants lower monthly payments and can utilize the savings. A tremendous benefit can be achieved by using the monthly savings to pay down high interest debt, or invest in a long-term savings plan. Purchase or Refinance: Even cash-out refinances are available. An excellent choice to consolidate debt into one low payment. Loan Types: Interest-Only loans are available for fixed rates, adjustable, or hybrid programs. Just about any loan type can be structured as Interest-Only from loans that change monthly, yearly, after five years, after ten years, or even 30-year fixed programs. Property Types: Single family's, Condominiums, duplexes, triplexes, and quad-plexes, are all eligible for Interest-Only mortgages. Residence: Primary residence, as well as, second homes, vacation homes, and investor properties are acceptable. Loan-to-Value: 90% LTV is offered on almost all Interest-Only programs. Call for specific credit score and property type guidelines. Automated Underwriting: We use both the Fannie Mae and Freddie Mac automated systems to allow for maximum underwriting flexibility. Equity Lines: We offer home equity lines of credit from $25,000 to $500,000. Resident Aliens: We offer investor programs to lawful resident aliens meeting all the same credit standards as U.S. Citizens. Loan Amounts: From $80,000 to $3,000,000 with no pre-payment penalty. |