Your interest rate never changes for the life of the loan, regardless of what happens in the market.

In any given month during the first 10 years of the loan, you can choose to pay only the interest of your mortgage payment or the interest plus the principal.

Having the option of Paying less on your mortgage gives you greater financial flexibility when money is tight.

You can use the increased cash flow toward remodeling your home, paying off high interest rate bills, financing college, or increasing your retirement savings.

Your  interest rate is fixed for the life of the loan.

For the first 10 years of the loan, the minimum payment due is the interest portion of your payment, although you can pay as much principal as you wish. You just don’t have to. After 10 years, the full monthly interest plus principal is due. It will be calculated by taking the principal balance, your fixed rate and the remaining term of the loan, which in this case would be 20 years.

Interest only loans are not available in all states.

GoodBORROWER  makes it easy

Save time. 15 minute average application fill out time. We will do it for you over the phone if you want.

Fast. We approve you in minutes and close your loan in weeks.

Convenient. We come to your office or home.