Draper and Kramer Mortgage Corp. has the solution for you to achieve your long-term goals by offering you more flexibility with your cash flow. With our innovative Interest-Only Loan Programs, your monthly payment can consist of interest alone with no principal payment.

Whether you’re looking at greater flexibility in your mortgage options or anticipate the potential for greater earnings, interest-only payments will make your monthly payment lower and increase your cash flow each month. Your extra cash flow can be redirected toward other long-term goals, such as investments, tuition, paying off higher interest debt, supplement your savings or your 401(k) contributions, or other particular financial planning purposes. And because required payments are interest only, you may benefit from certain potential tax deduction advantages (please consult your tax advisor for further information regarding tax deductions and for possible tax benefits of interest-only loans).

Our Interest-Only Loan Program offers flexible options to suit your needs:

• Seven documentation types available: Full Doc, Doc Express Limited, Stated Income, No Ratio, NINA, No Doc, Full Doc Express
• LIBOR ARM’s: 6-month, 2/6, 3/6, 5/6, 7/6 and 10/6 Terms
• 3/1 and 5/1 Treasury ARM’s
• 5-Year Interest-Only Balloon
• Interest-Only payments for the “fixed” term of the loan (except 6-month LIBOR and 5-year Interest Only term)
• Up to 100% LTV on some programs
• 80/20 Combination with HELOC
• Loan Amounts Up to $500,000 (depending on term)
• 620 minimum credit score
• Full/Alternate Documentation Only on 100% CLTV

For more information on Interest-Only loans, contact a DKMC Mortgage Planner.