Denise Baker Stewart
(919) 795-1608



Each Office is Independently
Owned and Operated


My Listings
Search For Homes
Open Houses
Buyers & Sellers
Market Analysis
Dream Home Finder
Buyer/Seller Info
Local Area
Community Info/Links
Local Phone Numbers
Schools
Weather Report
Relocation
About
Contact Denise
Company Website
Guest Book
About Me
Tools & Links
Mortgage Calculator
Mortgage Rates
Real Estate News
Misc.
Home
Home
 


Equal Housing Opportunity


MLS membership


REALTOR® certification


Yahoo® Real Estate Classifieds


QSC - Quality Service Certified

 

Buyer/Seller Info



  InterestFirstSM Mortgage

If you're looking to leverage your mortgage to expand purchasing power, this mortgage offers the benefit of a low, fixed-rate monthly payment.

Advantages:

-- For the first 15 years, monthly payments are lower than a comparable 30-year fixed-rate loan.
-- Gain control of your cash flow.
-- Ideal if you plan to stay in your home no more than 15 years and want the lowest monthly payment for that period.
-- Flexible cash flow for college costs, home improvements, IRA contributions, consumer debt reduction, or optional principal payments.

Details:

-- For the first 15 years, you pay only the interest due every month.
-- Any prepayments will reduce your principal balance and reduce future monthly payments.
-- Prepayment of principal may be made without penalty.
-- Payment adjusts at the start of year 16 to cover all interest and principal due on the loan for the remaining 15 years.
-- Monthly payment is fixed during years 16 through 30.

 

[ Back To Real Estate Glossary ]