- paying interest only on your mortgage loan for the first 10 or 15 years of the loan's life
- lower monthly payments and a greater tax benefit*
- making principal payments on the loan at any time with no penalty
So we can further assist you, please call us at 787-751-2266.
- Payment Example: A $100,000 30-year fixed-rate mortgage with a 15-year initial interest-only period followed by a 15-year fully amortizing period with an 6.50% interest rate and 6.90% APR will have 180 monthly payment of interest only of $541 during the first 15 years and 180 monthly payments of principal and interest of $871 during the remaining 15 years. Amounts rounded to nearest dollar amount. Amounts rounded to nearest dollar amount.
- Subject to credit approval. Certain terms, condtions and restrictions apply.
- * Consult your tax advisor