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Fixed Rates

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Interest Only

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100% Financing

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Stated Income

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No Doc Loans

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And More...

 
Interest Only Loans

An Interest Only Loan is a mortgage program with an option to make interest only payments for a pre-defined period of time.  Both adjustable and fixed rates are available.

 
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Advantages
 
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Greater Purchasing Power

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Payment Flexibility

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Reduced Qualifying Income

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Fixed or Adjustable Rates

 
 
Disadvantages
 
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Possible Payment Shock

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Possible Negative Amortization

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Short Term Security

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Minimal Principal Reduction

 
Fixed Rate Loans

The most popular home loan is the Fixed Rate mortgage providing the consumer with a guaranteed interest rate and a fixed payment for the entire term of the loan.

 
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Advantages
 
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Long Term Security

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Consistent Monthly Payments

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Automatic Principal Reduction

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Most Flexible Down Payments

 
 
Disadvantages
 
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Higher Income Needed to Qualify

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Reduced Purchasing Power

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Higher Monthly Payments

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No Payment Flexibility