LOAN PROGRAM
Interest Only
Strategic flexibility for high-net-worth borrowers, investors, and disciplined planners.
An interest-only loan lets you pay only the interest portion of your mortgage for a defined period (typically 5, 7, or 10 years), keeping monthly payments lower and freeing capital for other investments. After the IO period, the loan converts to fully amortizing payments.
HIGHLIGHT
Lower Initial Payments
Significantly lower monthly outlay during the interest-only period.
HIGHLIGHT
Pay Principal Optionally
You can still make principal payments anytime — without penalty.
HIGHLIGHT
Cash Flow Flexibility
& Retail
Redirect principal payments toward investments, business, or other priorities.
HIGHLIGHT
Investor-Friendly
Often paired with rental properties to maximize cash-on-cash returns.
How Interest-Only Works
During the IO period, monthly payments cover only the interest accruing on the loan. After the IO period ends, the loan re-amortizes over the remaining term — meaning payments increase noticeably. Dana will model the post-IO payment so there are no surprises.
Who Should Avoid It
Interest-only is not ideal for buyers stretching to qualify or hoping equity will build automatically. It’s a tool for disciplined borrowers with a clear plan. Honest conversation upfront — that’s how Dana works.
Pricing & Structure
IO loans are typically Non-QM and price slightly above conventional. Most are ARMs (adjustable-rate) with the IO period matching the fixed-rate window. Dana will compare apples-to-apples against a conventional alternative before you commit.
BEST FOR
- High-income earners with variable bonus structures
- Real estate investors optimizing cash flow
- Borrowers planning to sell within 5–10 years
- Sophisticated borrowers prioritizing liquidity
Other Programs
LET’S TALK
Ready to start your mortgage journey?
One conversation. Real numbers. Honest advice directly from Dana.
