Teamazon Capital Inc. 1-866-TEAM-A-ZON
Home
Refinancing
Debt Consolidation
Bad Credit OK
Fixed Rates
ARM's & Jumbo
125% LTV
Interest Only
Home Equity
FAQ's
No Doc - Limited & Stated Income
Commercial
Construction
Area Rates
More Tools
Loan Calculator
Mortgage Dictionary
Should I Refinance?
What is in my Budget?
Own vs. Rent
Express Search
Brokers and Loan Officers
Sign Up Today
Broker Faq's
Apply Now Mortgage Rates Purchase Prequaification Rate Watch Tools Contact Us About Us
You Can Expect Fast, Friendly Service
With That Special Touch of Compassion.

Let Us Take Care of You
and All Your Lending Needs.
Nasdaq 2,317.84  +53.62   Dow Jones 11,377.62  +246.54   S&P 500 1,260.75  +26.38
September 7, 2008
 
  Interest Only Loans

This type of loan program is for those who would like to significantly lower their mortgage payments by allowing you to pay only the interest on the loan. This type of loan is great for debt consolidation up to 100% LTV.

Example of how you may benefit from an Interest Only Loan Program

...Before Refinance:
Mortgage Balance: 225,000
Rate: 7.5%
Term: 30 Year
Monthly Mortgage Payment: 1,573.23

...After Refinance:
New Loan: 225,000
New Rate: 3.75%
New Payment: 703.00
Old Payment: 1,573.23
Monthly Payment Savings: 870.23
Yearly Savings: 10,442.76
3-Year Savings: 31,328.28
5-Year Savings: 52,213.80

* Payments based on 30 Year Amortization, 80% ltv, 1st lien position, 3.75% rate, 3.85% APR.

APR may vary depending on term and amount.
Rates are subject to change without notice.
Loan application subject to credit and underwriting guide lines
Home Equity Line (HELOC)

This type of program is very popular for those looking to do home improvements and who are not interested in tapping into all of their home's equity at one time. With this type of program you can draw on your equity at your leisure making this an excellent loan program that you control. A "HELOC" is usually setup on an interest only payment and is fixed to either the LIBOR or Prime index and can be used for at least 10 years before principal payments are required.

Example of How and Interest Only HELOC Payment is Calculated:

Rate + Index x Remaining HELOC Balance/divided by 12 Months = Mo. Payment

4.25 + 1.00 x 35,000 /12 Mo. = $125.00

    3 EASY Steps to Getting Your Loan

      STEP 1. Complete our easy step by step prequalification form by telling us about yourself, about your home, and the amount that you request. GET STARTED TODAY! No Cost. No Obligation.

      STEP 2. Once you have submitted your application. You will be assigned a personal loan consultant who will be your single point of contact for the entire process, all the way through closing.

      STEP 3. Once your loan is approved, you will be notified by us within 24 to 48 hours.

* Payments based on 30 Year Amortization, 80% LTV, 1st lien position, 5.25% rate, 5.35% APR.

APR may vary depending on term and amount.
Rates are subject to change without notice.
Loan application subject to credit and underwriting guidelines

Request a Loan
Home    Apply Now    Prequalification    Mortgage Rates    Tools    Brokers    Contact Us    About Us    Privacy

Equal Housing Lender. ©2004 Teamazon Capital Inc. All Rights Reserved.

*Rates are subject to change without notice. Loan application subject to credit and underwriting guide lines. Each case and situation is unique therefore your rates may vary depnding on different variables.
**APR may vary depending on term and amount. Rates are subject to change without notice. Loan application subject to credit and underwriting guide lines. Each case and situation is unique therefore your rates may vary depnding on different variables.