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Florida Mortgage Broker
Written by Web Master   
Sunday, 30 July 2006
Month-by-month flexibility on Florida Mortgage Loan - Florida Mortgage Broker

Month after month, you can choose to pay interest only or the combined interest and principal. Your monthly mortgage payment can be up to 30% lower than a traditional mortgage!
You can always choose to pay off your mortgage sooner with no pre-payment penalties!

Freedom to spend your money how you want

With a lower mortgage payment, you have more disposable income.
Use your money to remodel your home, pay off high interest rate bills, finance college, or increase your retirement savings.

How the Smart Choice loan works in Florida

You can pay interest-only mortgage payments for 10 years.
You can choose to pay more toward your principal at any time.
After the fixed-rate period you pay interest plus principal.
The interest rate can only adjust every 6 months after the fixed-rate period.

Who Smart Choice is for

People who don't want to put the majority of their money in their house
Homeowners wanting to pay off debt
People who want to pay off their mortgage sooner

Last Updated ( Wednesday, 18 October 2006 )
 
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