Want to cut your monthly mortgage payment in half?
The best kept mortgage secret is now revealed.
87% of homeowners have a fixed interest rate mortgage loan product and by switching to an interest only mortgage loan product you will be able to lower your monthly mortgage payment and in the process you will have a lot of extra money to save or pay off your mortgage sooner than you ever imagined. A fixed rate is great if you intend to live in your current home forever and pay off the home, but the industry tells us that on average we move every 4-5 years to a new home and obtain a new 30 year fixed rate mortgage loan every time we move. As you read on you are about to learn about a new mortgage product that is going to change how you look at money, by helping you to understand why a fixed interest rate mortgage is a poor choice and is costing you thousands of dollars.
In response to these facts, azinterestonly.com created this website to inform consumers about interest only mortgage products and how homeowners can have a greater flexibility in managing their monthly mortgage payment.
The savings is very clear as illustrated:
| Average 30-Year Fixed Mortgage Rate |
5.875% |
| Average Interest Only (Interest Rate) |
3.600% interest only |
If your loan amount is $200,000 THEN:
| Monthly payment on the 30-Year Fixed Rate at 5.875%: |
$1,183.08 old payment |
| Monthly payment on an Interest Only Loan @ 3.600%: |
$ 600.00 new payment |
|
$AVINGS PER MONTH |
$583.08 |
Savings after 1 year ($583.08 per month x 12 months)
Savings after 3 years ($583.08 per month x 36 months) |
$6,996.96
$20,990.88 |
This savings per month illustrates how an interest only mortgage product can not only reduce your payment almost in half (based upon average fixed rate loans) but more importantly you have the ability to control and manage your money like never before. You now have the option to do whatever you want with your monthly savings. In having an interest only mortgage product it is very important that you also have a well thoughtout financial plan for your monthly savings.
Click on the Monthly Savings Calculator to see how much you can lower your monthly mortgage payment by switching to an interest only mortgage product.
It is recommended you do one of three things with your monthly savings. To see what these three Money Saving Options are, CLICK HERE.
Click on the Apply Online Button and within 24 hours an Interest Only mortgage loan consultant will reply with a no obligation quote and free analysis of how much you can save. |
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