Do you need to lower your mortgage payment as much as possible?
Or, do you have a financial plan that requires that you pay less in interest over the next few years? An interest-only loan
from loanDepot might be perfect for you. As your home loan partner, we’re here to help find the right loan for your situation.
What's the best loan for me?
Maximize your savings! Fill out our form or call
1-888-337-6888
to get your personalized quote.
The interest-only portion of the loan is set at a certain number
of years (five or ten years, for example). During that period, your payments would consist only of the interest accrued
on the borrowed amount, or principle, resulting in an extremely low payment. After that initial period, and for the remainder
of the loan, the payments would include both principle and interest.
Talking to a licensed mortgage banker is an important step to getting the right
mortgage loan. Everybody has different loan needs and a mortgage banker knows which questions to ask in order to best match
you with the right loan and monthly payment. Since we have a strict No Steering policy, you can be assured
that the loan option suggested to you will fit your needs. The mortgage banker will also explain
all the steps–from getting started, to locking in your low rate, to closing your loan in less than 30 days.
Because we are a direct lender, if you have any questions during the loan process, you will have one direct
number enabling you to get quick answers straight from the source.
As your home loan partner, loanDepot is here to help find the right
loan for you. Please call us at
1-888-337-6888
to speak to a licensed mortgage banker.