Rocky Mountain Mortgage Funding offers your choice of payments based-on an
amortization schedule of up to 30 years or interest-only payments for the first 10 years
of a mortgage. Many of our clients prefer to take advantage of our interest-only
option for the following benefits:
Maximum Cash Flow - At a 7.0% rate of interest, our interest-only option
saves our clients more than 12% on their monthly payments over the first 10-years of a
30-year amortizing loan.
Maximum Tax Deductibility - While our clients save money on their debt
service requirements, an interest-only mortgage provides them with maximum interest
expense deduction since the principal balance of the loan does not decrease over the first
10-years of the mortgage. Of course you should contact your tax advisor to determine
if your mortgage interest is tax deductible.
More Home for the Same Payment - Our lower monthly payments allow our
clients to borrow more money than they might qualify for under the higher payments of a
standard amortizing mortgage.
Contact us today to find out
more information and current interest rates for our extensive program options.
