Sunday, August 23, 2015

Interest Only Mortgage Credit Repair Nerds Wisconsin

An interest only mortgage lets the borrower put off paying the principal for several years.  The interest only feature is set for say 3 years - 5 years- or sometimes 10 years.  Seasonal business owners like this type of home loan.  When money is tight the borrower only pays the interest.  When in season and the business is generating money , more cash can be contributed to pay the principal down. 

After the interest only period expires the mortgage payment will be a higher monthly amount  to pay off the loan in the remaining term.  Monthly payments can be 25 to 30 percent higher when the interest only period ends.

Interest only mortgages make up about 4 percent of all home loans.  Lenders are now required to determine whether the home buyer can afford to make the eventual bigger monthly payment.  Mortgage wholesalers typically craft a program like this to better serve a broader range of families looking to buy a home.  Mortgage wholesalers instruct their network of mortgage brokers on the proper utilization of the loan program. 

The amount of the down payment and the interest rate can be derived by the lender from the consumers credit report.  Wisconsin Credit Repair Nerds improves the presentation of the individuals credit report.


Try the Credit Repair Nerds Wisconsin App
http://appsmakerstore.com/sites/app/6lxl0w32ho62z


Credit Repair Nerds Wisconsin https://homecarepath.sharepoint.com/Pages/CreditRepairNerdsWisconsin.aspx  works with a consumers credit information to fix reported history and improve scores.  We are in the business of managing your credit report to improve your borrowing outcome.

Home Care Path celebrates 5 years of successfully serving families in Wisconsin

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Family Pet Program https://homecarepath.sharepoint.com/Pages/FAMILYPETPROGRAM.aspx

 Home Care Path  www.homecarepath.com and the Wisconsin PATH ALONG model deliver an advanced supportive care service.  Helping seniors in the home, with clinic visits, at the hospital, nursing home and assisted living facility.  Helping seniors downsize with a move in to an adult child's home. 2015 rates are 20.00 per hour.  Simply call 608-432-4286 to schedule an interview.  We can be there when you are working.  We accept long term care insurance.  Services can be tax deductible.  Help with resources and the transition from private payment to public funded programming.  Valuing home and human life 

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