Lower Your Monthly Payments with an Interest Only Home Loan
Maine Mortgage Solutions offers an Interest Only Home Loan Program designed to help borrowers lower their monthly payments. This program is ideal for those seeking flexible payment options and greater financial control, whether for owner-occupied, investment properties, or second homes.
Key Features of the Interest Only Home Loan Program
- Flexible Credit Requirements:
- Credit scores starting at 680 are accepted, with financing available up to 85% Loan-to-Value (LTV).
- Long-Term Interest Only Period:
- Enjoy a 40-year term with the first 10 years being interest only, followed by a 30-year amortization period.
- High Loan Amounts:
- Loan amounts range from $150,000 to $3,000,000.
- Documentation Options:
- Available for Full Documentation, Bank Statements, or Property Cash Flow.
- Property Eligibility:
- Suitable for owner-occupied homes, investment properties, and second homes.
Why Choose Maine Mortgage Solutions?
At Maine Mortgage Solutions, we are dedicated to offering flexible and innovative mortgage products that cater to the unique needs of our clients. Our Interest Only Home Loan Program provides a practical solution for lowering monthly payments, giving you the financial flexibility you need. Whether you are purchasing a new home, refinancing an existing mortgage, or investing in property, we offer personalized support and expert guidance to help you achieve your goals.
For more details or to begin your application process, contact Mark Violette today!
