Coastlend Mortgage has brought back the interest only loans for well qualified borrowers.
We offer this loan up to $1,500,000. Interest only loans became a thing of the past after the meltdown in 2008 however they are a vital tool or certain borrowers.
For instance if you only plan on being in a home for a short time, say 5 years because of a job relocation, then an interest only loan could help you achieve maximum equity appreciation with the least out of pocket.
Everyone’s situation is unique and finding the perfect loan to match your goals is important. Coastlend mortgage has the loan products and knowledge to make it possible.
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