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Interest OnlyInterest 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.
An interest only loan can be more expensive compared to a fully amortized loan. Many lenders add a fee of one-quarter point 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.  CSS Mortgage Corp. - 1358 Willis Ave - Albertson/Roslyn, NY 11057 Long Island Office: (1516)801-0382 Fort Lauderdale Office: (1954)540-6228 Direct phone: (1516)509-0606 FAX: (1516)279-6989 :: Home :: Contact Us :: About Us :: Privacy Policy :: Tell-A-Friend :: Rent Vs. Buy Calculator :: Loan Application Instructions :: Loan Process :: Library :: Monthly Payment Calculator :: FAQ :: Mortgage Payment Calculator :: Glossary :: Debt Consolidation Calculator :: Forms :: Refinance Calculator :: Credit Grade Calculator :: Interest Only Payment Option Calculator :: Payment Option Arm Calculator :: Registration :: Refinance :: Debt Consolidation :: Reverse Mortgages :: Imperfect Credit? :: Loan Programs :: ARM Loans :: Home Equity Loan :: Interest Only :: Zero Down :: Purchasing :: For Sale by Owner :: Request Loan Status :: Marketplace :: Home :: We are licensed in the following states: New York and Florida 
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