Interest-only Mortgage Loan

Interest-only Mortgage Loan

Contrary to being posed as the abomination when it comes to taking out loans interest only loans like any other conventional loan have its advantages and disadvantages, depending on what you’re looking for.

Although by reading the name of this loan a layman would try to stay a far away from it because as the name suggests, an interest only mortgage allows you to make installments of only the interest the principal amount will always remain the same. Such a loan is usually acquired by real estates and contain the option to make an interest payment, primarily people prefer these loans because it tends to reduce their mortgage payments substantially; nonetheless Interest-only mortgages aren’t for everyone due to complexity attached to them.

WHY THE VANGUARD MORTGAGE?

DIRECT LENDER

Direct Hard Money Lender. No broker fees. Best rates in Florida

DIRECT UNDERWRITER

Set guidelines and a streamlined underwriting process make closings happen swiftly. As fast as 48 hours

PROFESSIONALISM

The Vanguard Mortgage is a new company but all our members of staff are seasoned professionals

WHOLESALE RATES

Correspondent lending gives us the ability to bring wholesale rates to the consumer

3 EASY STEPS
TO GET YOUR MORTGAGE

Prequalification

Start with some basic info about your assets, credit profile, income. As a result – amount to borrow and the rate

Application

More detailed info. Creation of a secure profile, track your mortgage application and upload required documents

Funding

Final stage of the mortgage process when all underwriting conditions are met, mortgage loan transaction is closed and funds are disbursed

CALCULATE YOUR MORTGAGE

SOME FEATURES YOU MIGHT LOVE:

Privacy

We do not share information with any third party companies or resellers.

Quick Turnaround

We built technology that helps expedite the review of your loan documentation. This leads to faster closings and a better overall experience for our clients.

Credit score under control

Application process does not affect your credit score.

Online

You can allpy online, upload required dociments, schedule a conversation with a mortgage loan originator here. Everything at one place.

Transparency

Our technology ensures that you are kept up-to-date on the status of your loan application at all times. You will have secure access to your loan documentation throughout the process.

SOME QUESTIONS LEFT?

Interest-only Loan

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