Interest Only Mortgages

Apply Now for your Mortgage

Texas Loan Programs

Loan Calculators

Texas Mortgage Pre-Qualification

Texas Loan Process

Loan Application Instructions

Interest Only Mortgages

MyCommunityMortgage

Texas Fannie Mae Mortgage

Fannie Mae Expanded Approval

Texas Freddie Mac Mortgage

Texas Neighborhood Solution Mortgage

Texas No Closing Cost Mortgage

Texas First Time Buyer Mortgage

Need Cash?

Texas Down Payment Assistance

Texas ITIN Mortgage

Texas USDA Rural Development RD Mortgage

Contact Our Houston Mortgage Office

Texas Interest Only Mortgage

Interest only loan programs provide the same features as fixed and variable rate programs, and they additionally offer a lower payment option. With an interest only loan payment option, you pay only the interest portion of the payment but no principal. For most interest only loans you begin paying principal after a certain number of years of interest only.

Loan Program	Advantages	Disadvantages
Interest Only Programs	Several payment options Lower monthly payments Qualify for a higher loan amount Qualify at the interest only payment Option to pay the full principal and interest payment Interest only payments for up to ten years	Higher rates Principal loan balance will not decrease during the interest only payment period Payment will be higher for the remaining term

An interest only loan can be more expensive compared to a fully amortized loan. The rate for an intrest only loan is typically one-quarter point higher for the interest only option.

Interest only payment options allow you to qualify at the starting interest only payment. This gives you more buying power and a lower monthly payment compared to an amortized loan.

You pay interest based on your principal balance. On an interest only loan, your principal balance does not decrease, therefore, you pay more interest with this option.

At Texas Capital Mortgage we can give you a comparison of different types of loans with the rates and payments for each. Call, e-mail, or visit our office for a free, no obligation consultation.

Texas Capital Mortgage - 28 FM 1960 West - Houston, TX 77090
Office Phone: 1- 866-433-0500 toll free Fax: 832-565-1656

Texas Mortgage Broker License #65252.

We provide service for the entire state of Texas.

If you are looking for a houston mortgage, houston refinance, or a houston mortgage broker, then you have come to the right place! We are one of the top Texas lenders.