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Interest OnlyInterest only loan programs provide the same features as fixed and variable rate programs, and they additionally offer a lower payment option. With an interest only loan payment option, you pay only the interest portion of the payment but no principal.
An interest only loan can be more expensive compared to a fully amortized loan. Many lenders add a fee of one-quarter point for the interest only option. Interest only payment options allow you to qualify at the starting interest only payment. This gives you more buying power and a lower monthly payment compared to an amortized loan. You pay interest based on your principal balance. On an interest only loan, your principal balance does not decrease, therefore, you pay more interest with this option. ![]() Avis Mortgage, Inc. - 19782 MacArthur Blvd Suite 250 - Irvine, CA 92612 Office Phone: (800) 711-AVIS (2847) Fax: (800) 397-2345 Best source for finding Hawaii mortgage rates & Hawaii mortgage loans online and also provide services at places like California, Arizona, Maui, and Oahu Hawaii We lend in the following states: AZ, CA, HI, OR, WA Home | Search Rates | Refinance | Apply Online | Contact Us | Pre-Quality | Rate Ticker | Calculators | Loan Programs | FAQ | The Loan Process
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