Interest-Only Loans

Save thousands off your monthly payment with an interest-only loan.

Imagine a $1,000,000 loan with payments of only $5,625* each month! You may want to consider a luxury mortgage that offers an interest-only payment and allows you to qualify for a higher luxury real estate loan amount, while maintaining your monthly liquidity. If you choose, you may pay towards the outstanding principle of your luxury mortgage at any time with no prepayment penalties. Interest-only loans are available with both fixed and adjustable loans of 25- to 30-year terms.
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Features and Benefits

• Make interest-only payments and enhance your cash flow
• Maximize your tax deductibility(consult your tax advisor about your personal situation)
• Make principal payments as you have cash available to apply towards the equity
• Have more funds available for investments or other properties
• No prepayment penalties, no negative amortization
• Manage unforeseen expenses
• Zero down payment available with "Pledged Assets"
• Possibly qualify for a larger loan amount or larger home
• Repay high-interest, non-deductible consumer debt(consult your tax advisor about your personal situation).

Program may not be available in all states. A zero down payment option is also available with certain restrictions. Ask for details.
* Based on a 20% down payment and rate of 6.75% and 1.00% point, quoted as of 10-25-06. APR is 6.803%. Based on a $1 million loan, interest only payments of $5,625 per month for first ten years and remaining term of fully-amortized payments for 20 years at $7,603.64 monthly to be paid in full at the end of 30 years.