Lower your monthly payments in the early years of your loan and gain financial flexibility with expert guidance from CLG.
We Believe in Smart Lending That Matches Real Life Conditions.
An interest-only mortgage allows you to pay just the interest for a set introductory period (typically 5–10 years). After this period ends, payments include both principal and interest. This option is ideal for borrowers who want lower payments upfront or anticipate higher income in the future.
Key Interest-Only Mortgage Characteristics:
Lower initial monthly payments
Keeps cash flow flexible in early years
Principal payments begin after intro period
Often used for short-term ownership or strategic investing
Not every loan is a perfect fit. At CLG, we help you understand whether an interest-only structure supports your financial goals.
Best Fit Scenarios:
You expect your income to rise in the next few years
You plan to sell or refinance before the interest-only period ends
You want to invest freed-up cash elsewhere
You need lower initial payments during a transition or build phase
We believe your mortgage should support your life today and tomorrow.
Like any mortgage product, interest-only loans come with trade-offs. We’re here to walk you through the big picture so you can make a smart, informed decision.
| Pros | Cons |
| Lower initial payments | Payments rise significantly after intro |
| Greater flexibility in early years | May not build equity during interest-only |
| Option to reinvest cash elsewhere | Requires careful long-term planning |
We Believe interest-only loans work best when paired with a clear strategy. Our job is to help you think long-term from day one.
Interest-only loans eventually switch to full amortization, meaning your monthly payment will increase significantly. Plan ahead for that jump.
These loans can be ideal if you plan to sell or refinance before the interest-only period ends. Make sure the timing fits your financial roadmap.
Whether you’re looking to reduce early payments or align your loan with upcoming career growth, CLG is here to guide you. Let’s explore your options and find the most competitive interest-only mortgage rates in California.
