Flexible - You choose to pay interest only or principal and interest with no prepayment penalty.
Freedom - Lower payment equals more disposable income. Free up cash for investments, pay off credit cards, tuition, home improvement, savings or use for any purpose.
Qualify for a larger home - Lower payment qualifies for a larger, more expensive home while maximizing appreciation and tax deductions.
How Interest Only Works - Pay only the interest for the initial fixed-rate period of 3, 5, 7 or 10 years can choose to pay more towards principal at any time.