Imagine an interest-only payment option with a low fixed interest rate.
Looking to control your mortgage payments? Now, with ENG Lending's SecureCombo home loan, you can enjoy the security of a fixed-rate home loan - with the freedom of making interest-only payments! Pay just the interest or pay interest plus principal. With SecureCombo, you finally have a flexible way to pay your home loan. What could be easier?
Learn how you can control your monthly mortgage payment, right now. Call Terry Williams, The Mortgage Doctor at 402-301-4500 about a SecureCombo home loan or fill out our no-obligation, quick home loan application, today.
An interest-only mortgage lets you decide how you want to spend your money now.
Do you anticipate steady income growth and feel it would make more sense to pay larger monthly amounts down the road? Or maybe you would prefer to put funds into remodeling your new home, increasing its long term value. A SecureCombo home mortgage frees up your cash, letting you decide how to spend your money.
- Just look at the benefits SecureCombo offers you:
- Flexible payments. Pay only the interest each month (without any penalties), or pay interest plus principal; as much or as little as you like.
- Deferred repayment. You have a fixed amount of time (3, 5, 7 or 10 years) before you are required to begin paying back the principal. Then, payments include interest plus a portion of the principal loan amount.
- You are not locked into anything - refinance your fixed rate mortgage at any time without pre-payment penalties.
More about SecureCombo
SecureCombo home loans give customers the freedom of a low fixed interest rate - with the flexibility of interest-only payments. Learn more about this exciting home loan from Terry Williams, The Mortgage Doctor & ENG Lending, or fill out our no-obligation home loan application today.
- Will my SecureCombo home loan interest rate ever increase?
- No, your mortgage interest rate never goes up! You are guaranteed the same interest rate for the life of your SecureCombo home loan.
- How long do I have before I am required to pay back the principal amount?
- It depends on the home loan terms. In general, you are not required to pay back the principal amount for a fixed amount of time (3, 5, 7 or 10 years). In the meantime, you can pay just the interest on your home loan or pay the interest plus principal. It's up to you!
- What will my monthly mortgage payments be like?
- You can pay interest-only for a fixed amount of time (up to 10 years) without penalty. Or, you can pay more than the interest for any month(s) you choose. For instance, you can pay $500 more than the interest for February, then go back to paying strictly interest for March. You have total control!
- How do I know if a SecureCombo home loan would be best for me?
- Do you want the security of lifetime fixed interest, with month-to-month payment flexibility? For instance, if you're self employed, a teacher, have other investment opportunities or just starting with your career, having some payment flexibility could be important. It's also perfect for those who prefer the freedom to make interest-only payments for up to 10 years.
- Is there a penalty if I decide to re-finance my home loan?
- No. You may re-finance your home loan at any time without pre-payment penalties.
- What home loan amount could I potentially qualify for?
- This will depend on your financials, but many people qualify for a larger loan amount with an interest only mortgage than with a traditional loan.
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