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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. Cobalt Financial Corp - 10251 Vista Sorrento Pkwy - San Diego, CA 92121 Office Phone: (760) 602-2900 Fax: (760) 602-0014 Toll Free Phone: (800) 788-6522 Privacy At all times, we respect the customers privacy. We do not sell, share, or otherwise distribute any customer information, except in connection with a specific loan approval request and only with properly targeted lenders. We do not database our customer information for others to use in marketing or co-marketing. We pride ourselves in soliciting your business in a proper manner and with the intention of providing useful information. If at any time, you are excessively bothered, please let us know by phone, fax, email or just an ordinary letter. We lend in the following states: CA 
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