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16400 Pacific Coast Highway Suite 208 Huntington Beach, CA 92649
Office: (714) 658-4912
Only pay interest on the mortgage through monthly payments for an initial period of time on an interest-only mortgage loan. The interest-only period can be between 1 year and 10 years and after the interest-only period is up you would be required to pay standard principle and interest payments to pay the loan off in the remaining term.
Interest-only loans can be great options to keep your monthly payments low but you should also consider the potential increases in payments at a later date. One of our mortgage professionals would be more than happy to discuss the pro’s and con’s and determine if an interest-only is right for you.
16400 Pacific Coast Highway Suite 208 Huntington Beach, CA 92649
Office: (714) 658-4912