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  Interest OnlyInterest only loan programs provide the same features as fixed and variable rate programs, and they additionally offer a lower payment option. With an interest only loan payment option, you pay only the interest portion of the payment but no principal.
An interest only loan can be more expensive compared to a fully amortized loan. Many lenders add a fee of one-quarter point for the interest only option. Interest only payment options allow you to qualify at the starting interest only payment. This gives you more buying power and a lower monthly payment compared to an amortized loan. You pay interest based on your principal balance. On an interest only loan, your principal balance does not decrease, therefore, you pay more interest with this option.  1221 South Creasy Lane, Suite I - Lafayette, IN 47905 Office Phone: (765) 446-2930 Fax: (765) 448-6398 Toll Free Phone: (800) 630-6695 :: Apply Now :: Pre-Qualify :: Loan Programs :: Purchasing :: Refinance :: Request Loan Status :: Calculators :: Loan Process :: FAQ :: Meet the Team :: About Us :: Directions :: Tell-A-Friend :: Community Info :: Web links :: Marketplace :: Home :: We are liscensed to originate loans throughout the State of Indiana!
This site includes information on financing homes and properties in Lafayette, West Lafayette, Battle Ground, Buck Creek, Clarks Hill, Dayton, Montmorenci, Romney, Stockwell, Westpoint, Brookston, Monticello, Delphi, Mulberry, Frankfort, Rossville, Lebanon, Crawfordsville, Attica, Williamsport, Fowler, Otterbein, and the surrounding Counties in Indiana. FREE Home Search service data (The Home Buyers Scouting Report®) is provided by Home Buyers Marketing II, Inc., and also includes real estate property and homes, condos, and town homes for sale in Tippecanoe County and the surrounding Counties, covering real estate, including investment properties for sale. Represented by Realtors and real estate agents in those regions. People who are relocating, buying a first home in Lafayette, Indiana, IN, West Lafayette, Indiana, and the surrounding areas, or those who are looking to refinance their current home mortgage loan, will find useful information on rent-to-own homes, home for sale, homes for lease, condominiums, town homes, luxury homes, executive homes, and new developments, to buy or sell, with additional information on schools and regional highlights. Homebuyers and sellers can find information on properties through The Scouting Report on residential real estate or other properties that include Lafayette Indiana and West Lafayette Indiana. Tippecanoe Mortgage consists of experienced Mortgage Brokers who have expert knowledge of the properties in these communities.
This website is a resource for home loans, mortgages, home equity loans, refinancing, new construction loans, real estate, investment loans, relocation, rental property, buying property with no money down, financing property with no money down, and less-than-perfect credit.
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