interest only refinance is a mortgage loan that offers the
option of paying just the interest or the interest and as much
principal as you choose in any given month. Interest only
refinance loans are available with a 30 year fixed rate or as an
adjustable rate mortgage.
an interest only refinance you gain greater refinance or
purchasing power and pay only the interest on your mortgage in
monthly payments for a fixed term. An interest refinance
can lower your monthly payments and increase your cash flow.
You have the options of paying principal whenever you choose and
as much as your choose. With an interest only refinance
loan you may also receive a tax deduction, to determine this you
should speak with your tax adviser.
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