Interest-Only Mortgage Home Loans

Reduce Monthly Mortgage Payments by as Much as 39%

Flexibility and control. That's what you get with interest-only loan programs. They are a great way to save money each month, generate extra cash and still retain the benefits of lowering your loan balance when your financial situation allows.

Refinance your existing loan with an interest-only loan and lower your monthly mortgage payment by hundreds of dollars each month. For instance, on a loan amount of $250,000 you can save more than $600 each month when compared to a 30-year fixed rate loan (comparison based on 6.5% fixed rate vs. 5.625% interest only rate).

When you're buying a new home, Home Finance of America's interest-only loans save you hundreds of dollars up-front. And, they increase your buying power, especially if you're planning on staying in that home less than 5 years.

Monthly savings with an Interest-Only loan, versus a standard 30-year fixed rate loan:
Loan Amount: $250,000
	Other Lenders	Home Finance of America
Interest Rate	30-year fixed rate @ 6.5%	Interest-Only Loan @ 5.625%
Monthly Payment:	$1,580.17	$1,171.88
Monthly Savings: $408.29
Loan Amount: $350,000
	other lenders	Home Finance of America
Interest Rate	30-year fixed rate @ 6.5%	Interest-Only Loan @ 5.625%
Monthly Payment:	$2,212.24	$1,640.63
Monthly Savings: $571.61