With our interest only loans
40 Year Term Now Available!
iQ Mortgage has designed a flexible interest-only loan that can help lower monthly payments. This loan will also allow borrowers to leverage their home equity. This program features 10 years of interest-only payments, after which there are 30 years of amortizing payments. With our interest-only payment plan, borrowers can now pay less monthly without sacrificing the length of their loan.
This loan is ideal for borrowers trying to lower their monthly payments during the 10 year interest-only period. Meaning, the borrowers only pay off the interest for each month, while the principal balance is kept untouched. By reducing this monthly payment, borrowers won’t have to commit to a traditional loan term of 30 years or more, making it easier to manage finances, and keeping more money in their wallet each month!
To learn more about iQ Mortgage and our interest only loan,
reach out to one of our experienced Loan Officers today!
* These loan products may have a higher interest rate, more points, or more fees than other loan products requiring full documentation.