What Are Interest-Only Loans?

Interest-only Loans are home loan that only requires borrowers to repay the interest on their loan, not the principal. This can be a good option for borrowers who want to reduce their monthly payments in the short term.

Interest-only loans are typically offered for a fixed period of time, after which the borrower will need to start repaying the principal. This can be a good option for borrowers planning to sell their homes within a fixed period or confident they can afford higher monthly payments.

Central Lending Solutions can help you find an interest-only loan that meets your needs and budget. We have access to a wide range of lenders and can compare rates and terms from multiple sources to find the best deal for you.

We also understand that buying a home can be a complex process. That’s why we’ll work with you at every step, from pre-approval to settlement, to ensure you get the best possible outcome.

If you’re considering buying a home in Perth and you want to reduce your monthly payments in the short term, then an interest-only loan may be a good option for you. Contact Central Lending Solutions today to learn more.

Here are some of the key benefits of interest-only loans offered by Central Lending Solutions:

• Reduced monthly payments: Interest-only loans can help you reduce your monthly payments in the short term. This can be a good option for borrowers who are on a tight budget or who want to free up cash for other expenses.
• Flexibility: Interest-only loans can be a flexible option for borrowers who want to reduce their monthly payments in the short term. You can choose from various repayment options, including interest-only, principal and interest, and split payments.
• Tax benefits: Interest-only payments may be tax-deductible, saving you money on your tax bill.

If you’re considering buying a home in Perth and you want to reduce your monthly payments in the short term, then an interest-only loan from Central Lending Solutions may be a good option for you. Contact us today to learn more.