Reduce Monthly Mortgage Payments by as Much as 39%
With an Interest-Only Loan
Flexibility and control. That's what you get with interest-only loan programs. They are a great way to save money each month, generate extra cash and still retain the benefits of lowering your loan balance when your financial situation allows.
Refinance your existing loan with an interest-only loan and lower your monthly mortgage payment by hundreds of dollars each month. For instance, on a loan amount of $250,000 you can save more than $600 each month when compared to a 30-year fixed rate loan (comparison based on 6.250% fixed rate vs. 4.250% interest only rate).
When you're buying a new home, Bay Point Home Finance interest-only loans save you hundreds of dollars up-front. And, they increase your buying power, especially if you're planning on staying in that home less than 5 years.
| Monthly savings with an Interest-Only loan, versus a standard 30-year fixed rate loan: |
| Loan Amount: $250,000 |
|
Other Lenders |
Bay Point Home Finance |
| Interest Rate |
30-year fixed rate @6.25% |
Interest-Only Loan @ 4.250% |
| Monthly Payment: |
$1,539.29 |
$885.42 |
| Monthly Savings: $653.87 |
 |
| Loan Amount: $350,000 |
|
other lenders |
Bay Point Home Finance |
| Interest Rate |
30-year fixed rate @6.25% |
Interest-Only Loan @ 4.250% |
| Monthly Payment: |
$2,155.01 |
$1,239.58 |
| Monthly Savings: $915.43 |
Click here to check on today's rates, get answers to frequently asked questions, or discover more benefits of using Bay Point Home Finance before you apply online for a loan. Or call us toll free at 925-459-5577.
"Enjoy Personalized Service from Start to Finish"
At Bay Point Home Finance we're up front lenders. So there are no added fees . . . no gimmicks . . . no surprises. And, you get individual attention. Our Mortgage Professionals work with you -- one-on-one -- through every step of the lending process 7 days a week.
Bay Point Home Finance offers the lowest interest rates in the country and the best service available. Call us toll free at 925-459-5577. Or, Apply online using our secure server today. It only takes minutes and a Mortgage Professional is available to help you 7 days a week!
