INTEREST ONLY LOANS

Our INTEREST ONLY RATES & TERMS:

Property Types

Single family, condos, townhomes, 2-4 units

Loan Amounts

$75,000 – $3,000,000

Term

Up to 40 year term, with 10 year interest only payments

An interest-only mortgage is one where you solely make interest payments for the first several years of the loan, as opposed to your payments, including both principal and interest. Interest-only payments may be made for a specified time period, may be given as an option, or may last throughout the duration of the loan (mandating you pay it all back at the end).

Financing a property with interest-only loans is a quick and straightforward process for an experienced lender like American Heritage Lending.

 

INTEREST ONLY FINANCING

Interest-only mortgages reduce the required monthly payment for a mortgage borrower by excluding the principal portion from a payment. Homebuyers have the advantage of increased cash flow and greater support for managing monthly expenses. For first-time home buyers, an interest-only mortgage also allows them to defer large payments into future years when they expect their income to be higher. American Heritage Lending helps its clients qualify for loans without the traditional income qualification standards. 

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WHY CHOOSE A INTEREST ONLY LOAN?

Many buyers will likely have difficulty getting loans through a traditional lender like a bank or credit union. With American Heritage Lending, we offer you a variety of financing solutions to fit your needs.

We understand the need to move quickly when opportunities arise. Our application, appraisal, and approval process can be accomplished in just a few days to ensure you can negotiate effectively with the property holder.

USE OUR INTEREST ONLY LOANS WHEN TRADITIONAL LENDING SOLUTIONS ARE NOT AVAILABLE

An interest-only mortgage is a type in which the mortgagor (the borrower) is required to pay only the interest on the loan for a certain period. The principal is repaid either in a lump sum at a specified date or in subsequent payments.

Borrowers should estimate their expected future cash flow to ensure they can meet the more considerable monthly obligations and pay off the loan when required. While interest-only mortgage loans can be convenient for several reasons, they may also add to default risk.

 

AMERICAN HERITAGE LENDING, LLC STATE LICENSING INFORMATION - NMLS ID: 93735
Click here for access to the Consumer NMLS

FHA Lender ID 27897-0000-1 ⋅ VA Lender ID 902138-00-00
State licenses: Arizona Mortgage Banker License 0912684; California - Department of Financial Protection and Innovation, Pursuant to California Financing Law License Number 603G668; California - DRE Real Estate Corporation License Endorsement 01844643; Colorado Mortgage Company Registration 93735; Florida Mortgage Lender License MLD94; Iowa Mortgage Banker License 2018-0155; Maryland Mortgage Lender License 18412; Nebraska Mortgage Banker License 93735; Oregon Mortgage Lending License ML-4808; Virginia Broker License MC-5775; Virginia Lender License MC-5775; Washington Consumer Loan Company License CL-93735.

Submitting a form from this website does not obligate you to enter into an agreement with American Heritage Lending, LLC; nor does it constitute an application for a mortgage loan. Submitting this form does authorize yourbridgelender.com to deliver this form to a American Heritage Lending, LLC mortgage loan officer who will contact you by phone and/or email to respond to your inquiry into the American Heritage Lending, LLC mortgage programs and financing solutions.

American Heritage Lending, LLC, is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is: Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580.