Loan Guide & Debt Repair Articles
 Home Page
 Loan Blog
 - Mortgage Loans
 - FHA/VA Home Loans
 - Bad Credit Mortgage Loans
 - Mortgage After Bankruptcy
 - Refinance
 - Refinance After Bankruptcy
 - Bad Credit Mortgage Refi
 - Home Equity Loans
 - Bad Credit Home Equity Loan
 - Refinance Home Equity Loan
 PayDay Loans
 Credit Counseling
 Debt Consolidation
 - Bad Credit Debt Help
 - Tax Debt Help
 Auto Loans
 - Bad Credit Car Loans
 - Car Loan After Bankruptcy
 - Refinance Car Loan
 Personal Loans
 Student Loans
 Credit Cards
  - Bad Credit Credit Cards
 Loan Calculators
 Credit Help
 
Refinancing Your House Mortgage How to Refinance an Interest-Only Loan

Interest-only loans are prime candidates for refinancing. With online lenders you can quickly trade in your balloon payment and extended loan periods for better rates and payments. While you are looking to convert your loan, make sure you are getting the best long term financing for your budget.

Top Recommended Companies To Refinance With:
(updated ):

Act Now! Lower your monthly mortgage payment!     - Competitive rates and no hidden fees
    - Bad Credit OK
    - New Purchases, Home Equity & Refinance
    - One dedicated mortgage banker from first call to closing
    - Quick Application with worthwhile results

If you are looking for a mortgage loan but have "less than perfect credit" this company has options for people with credit problems. Complete a short form and get one dedicated mortgage banker from first call to closing with a simple, straightforward process.

Mortgage rates are still low. Refinance & Lower Your Payment!
    - Get Started on a Lower Payment Now!
    - America's #1 Online Lender
    - Save More and Spend Less!
    - No Obligation and Free Expert Advice

Another Great "bad-credit" Mortgage Company! QuickenLoans is also a competitive mortgage company for people with all types of credit including poor credit. Refinance or get new mortgage offers from this reputable Web based mortgage lender.



Planning For The Long Term Mortgage

Refinancing an interest-only loan allows you to reevaluate both your short and long term financial goals. If you are just worried about keeping your monthly payment to a minimum, opt for an adjustable rate, 30 year loan. Adjustable rates, along with the long loan period, qualifies you for low initial payments. 

To save the most on interest payments, cut your loan period back to just 15 years. This will also make you eligible for lower rates. For those seeking protection from unplanned rate and payment hikes, lock in a fixed rate mortgage. You can further reduce these rates by paying additional closing fees. 

Lenders Make A Difference

Picking the right lender is the difference of thousands of dollars in your checking account. Happily, you can spot better refinance loans before you sign a contract. Online financial companies provide instant loan quotes to help you make better loan decisions.

When you request a loan quote, make sure that you request the same loan terms from different lenders. Also be sure to include several different companies in your search. it's a good idea to work with recommended lenders, and don't be afraid of checking out smaller regional companies. Often these smaller companies can offer especially low rates. 

Don't Put Off Your Refinance Plan

To save the most amount of money on your mortgage, don't put off refinancing your current home loan. It only takes a few hours to find a good lender, and then just minutes to start the loan application process. In as little as two weeks you can get rid of your current high payment loan for a more manageable, money saving mortgage.

When you consider the thousands of dollars you can save by finding a lower mortgage rate, spending a few hours comparing loan quotes doesn't seem so bad.

Our Recommended Home Refinance Lenders:

Top Recommended Companies To Refinance With:
(updated ):

Act Now! Lower your monthly mortgage payment!     - Competitive rates and no hidden fees
    - Bad Credit OK
    - New Purchases, Home Equity & Refinance
    - One dedicated mortgage banker from first call to closing
    - Quick Application with worthwhile results

If you are looking for a mortgage loan but have "less than perfect credit" this company has options for people with credit problems. Complete a short form and get one dedicated mortgage banker from first call to closing with a simple, straightforward process.

Mortgage rates are still low. Refinance & Lower Your Payment!
    - Get Started on a Lower Payment Now!
    - America's #1 Online Lender
    - Save More and Spend Less!
    - No Obligation and Free Expert Advice

Another Great "bad-credit" Mortgage Company! QuickenLoans is also a competitive mortgage company for people with all types of credit including poor credit. Refinance or get new mortgage offers from this reputable Web based mortgage lender.

If you have some net worth or more particularly owe less on your current home mortgage than your home is worth than you could take advantage of a refinance on your mortgage loan and the low, low rates currently available. Refinancing your home is not free so it is important to shop around for a reputable lender to help get you the best interest ratepossible given your credit score.

Loan Articles

Get A FREE Refi Rate Quote!