Interest Only Home Mortgage Loans Now Available with First Guarantee Mortgage “Flexible Payment” Program

(Saratoga Springs, New York) Interest Only home mortgage refinance loans are an Alternative Mortgage Loan that can help consumers lessen their monthly mortgage payments.

First Guarantee Mortgage , a mortgage refinance expert resource and multi-state mortgage broker located in Saratoga Springs, New York is now offering a “Flexible Payment” interest only loan program so consumers will have the opportunity to reduce their home mortgage payments.

With this program you can pay interest only or combined interest and principal. What this means is that your monthly payment can be up to 45% less than that of a Fixed Rate Mortgage Loan.

“Our market research has indicated that consumers are looking for ways to reduce their monthly mortgage payments, afford more upscale homes and gain control over their budgets. With our "Flexible Payment" program consumers now have the option to consider an interest only mortgage loan to free up money for these needs.” David Regan White – Director of Marketing

Interest Only Home Mortgage Loans have gained in popularity in the past few years due to their lower monthly payment entry point. This helps homebuyers in high priced housing markets to be able to afford a home.

First Guarantee Mortgage has relationships with hundreds of lenders and can research hundreds of interest only loan programs to quickly find the best offer thus saving time and money for the new home purchase consumer or the home refinance consumer.

Highly trained loan specialists and customer service representatives will work with each customer on an individual basis and stay by their side from loan application to home loan closing providing research and expert advise to make their interest only loan process fast and easy.

First Guarantee Mortgage is a mortgage refinance expert resource and professional multi-state mortgage broker that provides a one-stop shop for consumers looking to refinance or make a new home purchase. FGM has over 550 highly trained loan specialists ready to research hundreds of lenders and home loan programs to find the right home loan solution to fit each consumer’s individual financial needs.

What are people saying about mortgages today:

Rates on 30-year mortgages edged down last week to a seven-month low. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.3 percent, down slightly from 6.31 percent two weeks ago. It put rates at the lowest level since they were at 6.24 percent the first week of March.

Bank of Hawaii, Central Pacific Bank, Territorial Savings Bank and Wells Fargo Home Mortgages all cut their 30-year mortgage rates to 5.75 percent this week.

Most people think of a mortgage as a means to an end. After all, you buy a house, not a home loan. But a mortgage is much more than the path to homeownership. It is a financial instrument that must be managed, just like any other financial investment.