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10721 Jackson Lane, Frisco TX 75035

Phone: (214) 387-0683       Fax: (214) 387-0185       Email Us

 
 

Texas Interest Only Mortgage

SAVE MORE MONEY WITH AN 80/20 INTEREST ONLY MORTGAGE LOAN

Our Texas interest only Mortgage feature first and second mortgage and they may be the right solution for you. With this 100% home financing program, you can leave your savings where they are, and still purchase a home without paying Private Mortgage Insurance.

You simply combine one of our 80% Loan-to-Value (LTV) first mortgages with a second mortgage for 20% LTV to achieve 100% financing. You can use this program to purchase a home, or to refinance your current mortgage.

  • More purchasing power with a lower 2nd mortgage payment
  • 100% financing available without mortgage insurance
  • Greater flexibility and more control over monthly cash flow
  • No Income Verification Option eligible up to 100% TLTV (total loan to value)
  • Investment properties up to 100% financing
  • No price add-ons for choosing the interest only option
  • Added rate security with a closed end second

You won't have to pay mortgage insurance!

The easy way to avoid paying mortgage insurance is by getting a "piggyback loan" -- a second mortgage to back up the first mortgage. The first and main mortgage is for 80 percent of the home's price. The piggyback loan is for 20 percent of the home's price. If you see mention of an 80-15-5 loan, it means that the borrower got a main mortgage of 80 percent of a home's purchase price, a piggyback loan for 15 percent, and made a 5-percent down payment. Combinations, such as 80-10-10, are possible. The 80-20 uses a piggyback loan without a down payment.

100% Financing (No Money Down) Programs
Combo Mortgage Loans - Non Interest Only
 

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Contact us for a Pre-Qualification
 

Other Programs Available

100% Mortgage with Credit Scores as low as 560 95% Mortgage with Credit Scores as low as 500
100% Mortgage for First Time Home Buyers 100% Mortgage Available with open CCCS
100% Mortgage with no PMI (Private Mortgage Insurance) 100% Mortgage with No Job, income, asset documentation
100% Mortgage with No Escrows 100% Mortgage with Open Tax Liens and Judgments
Interest Only Payment Mortgages 100% Mortgage with Late Pays and Collections
Home Mortgage Loans up to $5,000,000 Mortgage Financing Available with No Credit Scores
Down Payment Mortgage Assistance Programs 100% Mortgage on Primary Residence, Second Homes or Investment Properties

For your FREE Mortgage Quote or Mortgage Consultation submit the form below or call us at (214)387-0683.
After you have submitted the Fast Form below, a Brown-Lending.com consultant will follow up within 1 business day to Discuss your mortgage options:

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OPEN MORTGAGE
10721 Jackson Lane, Frisco TX 75035

PHONE: 214-387-0683 • EMAIL: info@brown-lending.com

 

"Your reliable Dallas Mortgage Broker and specialist on Texas Mortgage Rates and Home Mortgage Loans."

 

 

Fixed Rate Mortgage