Meet Marie Copeland
Here to work for you not the big banks. Getting you bank or alternative financing for home purchase or refinancing a home mortgage is more than a job. It's a passion to help families and small business owners realize their real estate financing dreams.
Interest only home mortgage is a home equity mortgage loan up to 80% of value. It is suitable for a home buyer mortgage or as home equity loan refinancing for borrowers with proven income on their tax returns plus good credit.
With this type of home equity mortgage loan you are only making interest payments amortized over 30 years, for the entire 5-year term of this mortgage. You are not repaying any principal. As you are only making interest payments, this lowers your monthly payments, giving you the ultimate flexibility increasing your cash flow.
When you are only making interest payments on your mortgage, your monthly payments will be lower, giving you extra cash flow and flexibility with your finances.
For instance with this home equity loan Canada you save money on mortgage payments:
When it comes to loans to buy a home where you want the ultimate flexibility, you get it all with the interest only home mortgage.
What if your overall annual income is high but your work is seasonal.
Maybe you are growing your real estate assets and want to keep your payments low to improve your cash flow. This allows you to put your cash into a better use, that is more important to you.
Or, instead of getting a more expensive home repair loan, you want to manage your cash flow in a way that you have regular extra cash to use as your self funded home renovation financing one month at a time.
Marie Copeland FSU, Mortgage broker Hamilton to help you with interest only home mortgage options.
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*Lenders change their products and interest rates regularly and without notice. Check with us for updates.
Axcess Mortgage and Loans Financing Co. Ltd. | FSRA 10420
1 (905) 537-8815
Banks and AAA lenders pay us for your service. Some alternative mortgage financing and all private mortgage lending broker fees are payable by clients.