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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.  Skyline Funding, Inc. - 211 E. Ontario, Suite 1000 - Chicago, IL 60611 Office Phone: 312-649-2226 Fax: 312-649-5833 An Illinois Residential Mortgage Licencee # MB.0006013 Director IDFPR Contact: 122 S. Michigan Ave. Ste 1900 Chicago, IL 60603 Phone: 312-793-3000 Chicago home loan, home loan in Chicago, chicago mortgage, or your chicago home loan. We have the best rates for chicago home loans and home loans in chicago. Very competitive rates for chicago home equity loan. We service chicago home mortgages, loans in chicago, adjustable rate home loans. Chicago mortgage home loans, chicago home equity loans, chicago arm loan, chicago adjustable rate home loan. Chicago home loans, chicago mortgage home loan, home equity loan, chicago home equity loan. Chicago fha home loans. Chicago adjustable rate mortgage. Chicago first time home buyer loan. Chicago bad credit home loan, chicago sub prime home loan. Chicago refinance home laon. Chicago fha home laon, chicago adjustable rate morgage loan, chciago arm loan chicago. First time home buyer loan. Chicago bad credit home loan, chicago refinance home loans. Chicago mrogage lender, chicago mortgage broker, chicago mortgage banker, Chicago mortgage consultant. Fixed rate home loan chicago. Fixed rate mortgage Chicago Financial services. We provide chicago home loans and chicago mortgage loans. If you are shopping for a home loan visit our site today for a mortgage rate quote or to apply for a home loan. 
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