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At Home Loan Direct, we believe in helping our clients keep their monthly payments in line with their lifestyles and not the other way around. That is why our most popular product is the interest only mortgage. An interest-only loan is a great way to keep your monthly payments low so that you have the freedom and flexibility to live your life without overbearing debt payments.

 

Regardless of your credit, income, or employment status, if you have sufficient equity in your house, you will be automatically approved for the interest-only mortgage. Take advantage of our quick and simple application now, or talk to one of our representatives for more information.

An interest only loan simply means that you are only required to make monthly payments on the interest charged on the loan and not on the principal, therefore significantly reducing the amount of your monthly payments. Interest only loans are not only a great way to reduce your monthly payments, they can be used for many purposes, including:

  • Bridge loans
  • Awaiting the holiday bonus
  • Expecting an inheritance
  • Investments
  • To finance or expand a new or existing business
  • Waiting for commission cheques

The interest only loan is a superior short-term solution to various cash flow dilemmas. If you're buying a new home and need extra funds until the old one sells, the interest only loan is your solution. If you are looking to make that great investment in the stock market or need to inject money into your business, the interest only loan is the answer you've been searching for.

Whether you have poor credit, are self-employed, are a new immigrant, or have other extenuating circumstances, Home Loan Direct offers solutions that make sense. Take advantage of this short-term solution by applying now. Call us now to talk to an expert about how the interest only loan can help you.

Home Loan Direct lends across Canada, specifically, but not limited to the Greater Toronto Area (GTA):

Toronto, Thornhill, Vaughan, Woodbridge, Richmond Hill, Scarborough, Etobicoke, Aurora, Newmarket, Markham, Stouffville, Unionville, Pickering, Ajax, Whitby, Oshawa, North York, East York, Oakville, Muskoka, Niagara, Guelph, Windsor, Barrie, Mississauga and Hamilton.

Other major cities in Canada include: Vancouver, Victoria, Edmonton, Calgary, Saskatoon, Regina, Ottawa, Montreal, Fredericton, Halifax and St. Johns.
 
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