- Apply Now
- Home Loans
Buy A Home
- Refinance
- Mortgage Process
- Nationwide Lenders
- Find a Home
- Find a Loan
- Articles
- Contact Us


- Iowa Home Equity Loan
- No Money Down
- Conventional

- 97% Home Loans
- 100% Home Loans
- 103% Home Loans
- Jumbo Mortgages
- Lot Loans
- Improvement Loans

- VA Home Loans
- FHA Home Loans
- Iowa Interest Only Loans

Iowa Interest Only Home Mortgage Loans

Get the best interest rate on an Iowa interest only mortgage. We can also refinance your current Iowa interest only mortgage. Apply online or call one of our Iowa brokers toll free at 808-357-5326 and get sound advice from a professional.

  • Pay the interest only and the principal at your convenience
  • Skip the starter home and buy the home you really want
  • Buying a nicer home can build equity faster
  • Invest the extra cash flow into a high yield account
  • The interest is tax-deductible (other debt may not be)

There are many good reasons to purchase a home with an Iowa interest only mortgage program. It is important to go over your goals with a loan professional to make sure these and other loan programs suit your current and future finacial needs. With the proper professional financial planning, you can take advantage of good debt, reduce taxe burden as well taking care of any bad debt (i.e. credit cards). This program is a good option for those who need to take advantage of its flexibility.

Common buyers may have:

  • Commission based pay that varies month to month
  • Expected increase in income
  • A high yeld investment account that out performs the loan rate
  • A need to pay off high interest rate debt
  • Business owners
  • Property investors

This program allow homeowners the ability to reduce their typical monthly mortgage payments by roughly 50%. This plan is based on an adjustable rate mortgage tied to the libor index. Homeowners select a 30 year loan and only the interest is paid for the first 5 years then principle and interest for the remaining 25 years. If you live in an area where homes are appreciating and would prefer to make a much lower monthly payment then this mortgage plan may be just what you're looking for. This loan also works well for those homeowners who want to pay down their mortgage quick. Loans are available from 100k up to 2 Million.

Property investors often use this type of financing for fast turn-arounds because they need to minimize their cost and intend to keep the investment for only a short amount of time.

Many programs have "Interest-Only" payment options and can be fixed for up to 10 years!

Control your cash flow with interest only loans. Available in both adjustable and fixed rate forms these loans allow you to have greater purchasing power, reduced monthly obligations and many more features not available with the traditional 30 year fixed principal and interest loan. These can be tied to one many indexes including the popular Libor Index. Most loans do not include negative amortization* and can be fixed for terms as long as 30 years. Today's interest rates are at the lowest levels in years. Before rates go higher you may want to consider the benefits of refinancing or securing an interest only loan or interest only home equity line at today's low interest rates.

As professionals in the home lending industry, we've built our reputation on providing outstanding service to our clients. This means you can count on us to always look out for your best interests, and to keep you informed throughout every step of the lending process. Customer satisfaction is the cornerstone of our business. We have cut out the middle man and the large corporate overhead to bring you the best possible rates and lowest fees. Please do not hesitate to call if you have questions about the information you find here on our web site.


© copyright 2001-2012 Iowahomeandloan.com

site map - iowa home loans - contact