Carmel Mortgage - home financing - Local Monterey County Mortgage Company in our 27th year of business. Carmel Mortgage Home loans for Carmel homes, salinas homes, monterey homes pebble beach homes, monterey mortgage, cheryl whitworth, cheryl whitworth-mcvicar

	Home \| About Us \| Contact
	need help? (831) 625-3939

More of Today's Rates

First Name
Last Name
Email
Phone
Loan Amount

Pricing Guarantee

I've been in the real estate business for over 30 years now. Your Borroware software is the easiest loan application I have ever completed. You have a winner here!

—Robert B..
more testimonials >

Consumer Debt at Record High
The Federal Reserve's measure of consumer borrowing, which does not include any debt secured by real estate such as mortgages or home equity loans, stood at a record $2.558 trillion in March as consumers increased their borrowing at an annual rate of 7.2%,...

More>>>

Interest Only Loans

We designed this section of the site to help you understand what interest only loans are about, and who is best suited and who isn’t for this particular type of financing. We’ll help you learn more about various loan indexes and how they work, and help you understand how interest only program guidelines work.

It is in your best interest to research all available financing options and to have your questions answered, and your potential risks assessed before buying or refinancing what is one of the largest we all make. Not to worry we’re here to help you make the best decision to meet your needs & goals.

Lower monthly payments
A Traditional mortgage payment is comprised of principal and interest. With an interest-only mortgage, your payment is lower because you’re not required to pay on the principal portion of the loan. Important note: Nothing precludes you from paying down the principal portion of the loan if you choose to.

Increase your cash flow
Buying a bigger house is one, but not the only advantage. You may prefer to use the money you save by making an interest-only payment as opposed to a traditional mortgage payment and invest it, or use it to make improvements or pay debts.

Who is best suited for an interest only loan?

Persons with a High Net Worth:
Consumers who generally do not wish to tie up the equity in their home and would prefer to invest the extra money into markets of better return.
Those with the potential for increasing income:
Consumers who are sure their income will grow but would like greater purchasing power and/or lower payments today.
Homeowners who have plans to move in 3 to 7 years:
Consumers who know the time frame for home ownership is within a certain window of time and are more concerned with payments rather than paying down principal on the loan during that period of time.
Real Estate Investors:
Consumers purchasing investment property find interest only loans very valuable when anticipated real estate appreciation is high.

Account login

Carmel Mortgage - Site Map

Homebuying Center

Mortgage and lending information for purchase and home buying loans.

Refinance Center

Carmel Mortgage Refinances Monterey County and California - Learn about Monterey Refinance Programs, refi with Carmel Mortgage, the credible local mortgage company

Home Equity Center

Mortgage and lending information for home equity loans.

Learning Center

Mortgage, lending, and credit information.

Less Than Perfect Credit

Learn how credit scoring works and how you can improve your credit score.

Financial Calculators

Financial, mortgage and lending calculators.

Today's Rates

Check for up to date rates and loan programs.

Commercial Loans

Commercial loans programs and information.

Construction Loans

Commercial loans programs and information.

Interest Only Loans

Interest only loan programs and information.

Carmel Mtg Vs. Your Bank

Carmel Mortgage Vs. Your Bank - Carmel Mortgage helps people of Monterey County and all of California find the best home loan at the bes rate for their financing needs and goals. We do not push the most expensive loan like banks can.

Monterey County Inclusionary Homes

Carmel Mortgage does Monterey County inclusionary loans & refis - Learn about Monterey County Inclusionary housing & loans and info here

Loan Agents

The best loan agents.

Staff

Our Staff Members.

Realtors

Our favorite real estate agents.

Cities we serve

Pebble Beach, Carmel, Carmel Valley, Monterey homes, Monterey CA homes, Pacific Grove, Salinas, Seaside, Marina, fort ord, new monterey, oldtown salinas, Pasadera, Las Palmas, greenfield, big sur, carmel-by-the-sea, spreckels, castroville, prunedale, elkhorn, moss landing, aptos, santa cruz, carmel homes, salinas homes, pasadera homes, las palmas homes, monterey CA