Interest Only

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Interest Only

Interest only loan programs provide the same features as fixed and variable rate programs, and they additionally offer a lower payment option. With an interest only loan payment option, you pay only the interest portion of the payment but no principal.

Loan Program	Advantages	Disadvantages
Interest Only Programs	Several payment options Lower monthly payments Qualify for a higher loan amount Qualify at the interest only payment Option to pay the full principal and interest payment Interest only payments for up to ten years	Higher rates Principal loan balance will not decrease during the interest only payment period Payment will be higher for the remaining term

An interest only loan can be more expensive compared to a fully amortized loan. Many lenders add a fee of one-quarter point for the interest only option.

Interest only payment options allow you to qualify at the starting interest only payment. This gives you more buying power and a lower monthly payment compared to an amortized loan.

You pay interest based on your principal balance. On an interest only loan, your principal balance does not decrease, therefore, you pay more interest with this option.

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CPA Advantage Realty, LLC specializes in Homes and real estate in the Phoenix metro area including, Scottsdale, Gilbert, Tempe, Chandler, Mesa, Phoenix, Peoria, Ahwatukee, Gold Canyon, Apache Junction, Glendale, Carefree, Cave Creek, Queen Creek, Glendale, Surprise, and Laveen, Arizona.

CPA Advantage Realty, LLC is licensed to provide real estate brokerage services in the State of Arizona. Although CPA Advantage Realty, LLC is owned and operated by an individual who is duly licensed as a certified public accountant in the State of Arizona, CPA Advantage Realty, LLC is not a certified public accountant firm and is not regulated by the Arizona State Board of Accountancy.