Who it’s for
- Borrowers with a clear reason for temporary payment flexibility — uneven income, short hold, or investor cash-flow design.
- Homeowners who want IO discussed honestly next to a standard amortizing loan — not sold as always better.
- Investors comparing IO vs longer amortization vs DSCR.
How I help
An interest-only mortgage lets you pay interest for a set period, then the loan typically amortizes or recasts so principal gets paid down over the remaining term. The early payment can look lower. That is not “never pay principal” — during IO you are not required to pay principal (unless you choose to), and the later payment usually steps up.
I’ll walk you through the tradeoffs. Not always available. Not always wise. I won’t print IO term lengths or LTV caps here. Guidelines vary by lender and occupancy.
What to expect
Occupancy (primary vs investment), how long you expect to keep the loan, and what problem IO is supposed to solve. Related: 40-year, investment, bank statement.
Next step
Apply or talk. We’ll compare IO vs 40-year vs a standard 30 before we chase documents.
Purchase, refinance, and most programs: Apply opens my Bevri application. Prefer to talk first? Use Talk to Michael. I’ll walk you through the program and the guidelines.