Interest-Only Loans Atlanta | Five Star Mortgage

Five Star Mortgage, LLC
2280 Satellite Blvd.
Duluth, GA 30097

OFFICE 770.495.3516
FAX 770.495.3528

Interest-Only Loans.
IAn Interest Only Mortgage is a home loan where, for a specified period of time, the borrower is required to pay just the interest on the principal balance and need not pay anything toward the principle. The borrower may make principle payments at anytime if desired.

An Interest Only Mortgage can be utilized on all the fixed rate mortgage and adjustable rate mortgage products. The longest term that can be interest only is 10 years, after that time you must start making principle payments and the mortgage is recast over a 20 year term

Although this product keeps your mortgage payment low, the only equity you are building is through appreciation. This is good in a rising market place but could present a problem if the rate of appreciation slows down and you have a need to sell after only a short time of ownership.

No matter what your situation may be, 1st time home buyer, newly found financial flexibility, we can come up with a number of ways to accomplish your goals and we won't limit your options like some do.

We utilize the latest technology to make the process run very smoothly for you -- resulting in quick turnaround to capture your best possible rate.

Go ahead and try us out. You'll find a local company offering the most competitive rates in today's hot Atlanta real estate market.

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