Interest only refinance loans allow you to pay only the interest portion of your mortgage, which often results in a mortgage payment 35% lower than your current payment at the same interest rate. Most lenders require the highest credit scores to offer interest only refinance loans, but we have loans available to less than prefect borrowers. Often the interest rate for interest only loans are the same as a regular mortgage, and you can reduce your monthly mortgage payment up to 35%. Most lenders require the highest credit scores to offer these loans, but we have programs available to borrowers with less than prefect credit. These loans are ideal for the home buyer, and when you are comparing your monthly payment to rent and doing an Rent vs. Own analysis, you should actually compare the interest only payment because when you rent, you do not build equity.
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home equity loans   home purchase/construction loans   mortgage refinance programs