New York
Interest Only Loans

An Interest Only Mortgage is one in which the scheduled monthly mortgage payment rate made by the borrower consists of Interest Only. An Interest Only mortgage is often chosen for someone whose income is mostly earned as infrequent commissions or bonuses or for someone who expects to be earning a great deal more money in the near future- such as a professional just starting out or a recent college graduate with great earning potential in their field.

For the lowest possible monthly mortgage rate payment for your low income months, and one that allows you to pay down the principal any time you gain access to a large sum of working capital - an Interest Only mortgage would be the perfect financial product to serve your needs.

Since Interest Only mortgages have fixed terms for the length of time in which the interest on the mortgage is paid on a monthly basis, at the end of that term, you would either:

If and when it comes time to pay off the principal, the payments would take an extremely steep increase. The option of paying down the principal is always available at any time with no prepayment penalties, depending on the program. Interest-only loans are available with both fixed and adjustable mortgage rates.

Blackstone Mortgage can help you find a New York Interest Only Loan to maximize your buying power NOW. Enjoy the flexibility that interest-only mortgages offer. To find out the monthly savings you could gain from an Interest Only payment plan please check out our Calculators

Blackstone Mortgage Loan Specialists can help decide if a New York Interest Only loan is your best choice. We will discuss your present financial situation and your future financial expectations. We will always respect and maintain your client confidentiality when considering your complex and unique financial position.