still interest only loans available?
just curious to get an idea of what's out there. can you still get interest only loans with low payments? by jeromefletcher from Kent, Washington. Feb 11th 2011
Rich Constantine (rconstantine)
#399 ranked lender in California - 79 contributions
Yes you can get Interest Only (I/O) loan product. Yes the payments are lower. Yes there are tighter guidelines on interest only products. You should get a couple quotes and call it a day. You can click my link for more info or email me rconstantine@myhsoa.com for more info. I have low rates and fees. I lend in all States. Hope this helps. RC
Dan Paladin (dpaladin)
#356 ranked lender in California - 792 contributions
The short answer is yes...interest only products are readily available. They do come with tighter guidelines regarding loan to value(LTV) and combined LTV..if applicable(if there was a 2nd). Best advice is to contact your mortgage professional to go over your specific scenario...I can provide a no obligation analysis...877-369-4319.
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