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Interest Only Home Mortgage Loans

Never before has there been a program as popular as the interest only home mortgage loan. Whether you are self-employed, on a fixed income, are a w-2 wage earner, or simply not employed our network members have many interest only loan programs available for you. Below is a partial listing of the interest only home mortgage loan programs available through the ShopMyLoan.com network members. These programs are offered to all credit grades.

Program:	Description:
LIBOR	LIBOR indexed loans often have the interest only feature.
Home Equity Lines	A Home Equity Line usually offers an interest only feature.
Fixed Rate	Fixed rate loans sometimes have an interest only feature.
Stated Income	Recently the interest only option has become popular with Stated Income Loans.
No-Doc	Short for No Documentation, are routinely offered with the interest only feature through our network members.
Purchase	Purchase loans are often an interest only loan.
Refinance	Refinance loans readily offer an interest only option.

What's an Interest Only Loan?

An interest only loan is any loan with the interest only feature. The interest only feature allows a borrower to pay only the amount of interest required on the loan as a payment and no principle. By making an interest only payment your loan balance will never go down or up unless you send in more than the required minimum. An interest only loan offers a very low monthly payment.

Typically this feature ends after a period of time usually three to ten years after the loan was taken out. At this time any amounts owed are re-cast over the remaining term of the loan and the new monthly payments will include principle and interest.

If you'd like to see the multiple home loan offers, available to you. With a no obligation, loan pre-qualification and no credit check Click Here.


	Rates - Home Loans
	No-Income-Verification Bad Credit Home Loans LIBOR Mortgage Loans



	What We Do
	ShopMyLoan.com helps consumers find & get the best loan possible. By using our three step process you'll obtain loan terms that match your goals and needs. The Steps: 1 Use our tools and perform research to see what financial services are currently available & how they benefit you. 2 We provide access to our lending network of nearly 8,000 carefully screened companies. 3 We'll narrow the field from nearly 8,000 to just a few by matching the loan features you want with the top providers of those features. Now you'll compare the terms and choose what's best.
	If you'd like to see the multiple home loan offers, available to you. With a no obligation, loan pre-qualification and no credit check Click Here.

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