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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. :: Lot Search :: Model Homes :: Why a Modular Home? :: Home Styles and Plans :: Multi-family Plans :: Plans for Small Lots :: Our Specials :: Information Request :: Modular Home Owner Book :: Construction :: Home Site Prep :: Home Setting :: Mortgage Assistance :: Calculators :: Pre-Qualify :: Loan Programs :: Guaranteed Credit Repair :: Contact :: Directions :: Awashonks Realty ::
Indian Head Modular Homes Toll Free: 866.731.6529 Indian Head Modular Homes is a premier New Era Representative. As a general contractor we are able to build custom homes in less time with a higher degree of quality. Our office is at 1295 Stafford Rd., Tiverton, RI, but we build thought out New England. Whether your plans include Capes, Colonial, Ranches, or Custom homes, we can handle it., New Era Manufactured homes are a far cry from the mobile homes in the past. In fact they are view by the banks and our government to be better than a stick built home. Built in a factory under controlled conditions, lets us build a better quality home in less time and still save money too. Please don’t forget we build commercial buildings as well. Our Awashonks office will help find a lot or a larger piece of land to build your dream home, and if you need to sell your home they can help you with that as well. They are license in both RI. and MA., and have partners covering all of New England if needed.
An Equal Opportunity Company. Equal Housing Opportunity. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) shall be responsible or liable for any typographical errors, mapping errors, misinformation or misprints. 
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