Florida Interest Only Home Loans
For some Floridians the lower monthly payments of an interest only mortgage make it the right home loan solution.
Interest only loans work extremely well for
financially shrewd borrowers who recognize exactly how
interest only home loans work. To discuss how
an interest only Mortgage
can work for you, call 1st Continental Mortgage at 1-800-570-0448
or use our secure online quick
application form for a no obligation interest only
Florida mortgage quote.
Over the last ten years, we have helped hundreds of
families avoid higher monthly mortgage payment with interest only financing. We know Florida interest only mortgage
programs work best for borrowers in very specialized
circumstances:
- Florida Interest only mortgages are effective for
borrowers who want to save the cost of moving up from
a starter home: A newly married couple opts to buy
a little more house than they can afford using a fixed
rate loan with an interest only period for ten years
during the time she finishes college. Buying more
house using interest only eliminates the transaction
costs of selling a starter home to purchase a move
up home.
- Florida Interest only mortgages serve borrowers
with income that comes in the form of a biweekly paycheck:
A Florida interest only mortgage was the answer for
a summer camp owner buying a home outside Orlando,
Florida. The lower payments afforded by an interest
only mortgage make it much easier to manage his cash
flow without straining his budget. Something that's
vital for a business that has all of its revenues
in a three month stretch.
- Florida Interest only mortgages work for investors
refinancing to maximize cash flow on rental properties:
For an Investor
client, a low fixed rate interest only mortgage was
the best way to help a rental property create a positive
cash flow while he waits for rents to increase because
of tighter credit standards for Florida mortgages.
- Florida Interest only mortgages are perfect for
business owners who have a better way to invest the
money that would be devoted to paying principal on
their Florida mortgages: The flexibility of an interest
only mortgage was perfect for an entrepreneur in Sarasota
County who recently did his interest only Florida
home loan with us. As he said, "I'd be plain
dumb to retire debt at 6.75% when I can earn a return
that is multiples of that by putting the money in
my business." Interest only mortgages work well
for people with the discipline to invest (and not
spend) the portion of their monthly Florida mortgage
payment that would have been devoted to principal.
For him, an interest only mortgage produced the best
ROI.
- Florida interest only first mortgages work for clients
with higher rate secondary financing. A client of
ours in Pasco County Refinanced
for debt consolidation and elected an interest only
first mortgage and a home equity line of credit. Having
a first mortgage with a 10-year interest only period
allows her to quickly payoff her small home equity
line of credit instead of making principal payments
on a low rate first mortgage.
Each of our interest only mortgage loan
clients is unique. You may have completely different
reasons for wanting to get an interest only Florida
Mortgage. Whatever your reasons, you will find 1st
Continental Mortgage representatives that are client-focused
and able to close your loan on time and as promised.
Qualified buyers may use interest only options of
ten years
With these Florida mortgage programs:
- Adjustable Rate Mortgages
- Traditional Fixed Rate Mortgages
- Jumbo and Super Jumbo
Florida Mortgages
- Home Equity Lines of Credit
- Second
Mortgage Programs
- No doc and light doc Mortgage Programs
As a ten-year-old Mortgage
Lender, we have strong relationships with Florida's
top lenders and are constantly on the lookout for the
best rates and terms on interest only programs for our
borrowers. Call 1st Continental Mortgage right now at
1-800-570-0448 to get started today on your next interest
only Florida mortgage.
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