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Mortgage Term of the Day:
An interest-only loan allows you to pay only the interest on your mortgage for a set period (usually 5–10 years).
💡 What does that mean?
🔹 Lower monthly payments—at first
🔹 No reduction in the loan principal during the interest-only period
🔹 Payments increase after the interest-only term ends
Best for: Short-term ownership, investment properties, or buyers who expect higher income in the future.
📌 But be careful—once that interest-only period ends, payments can jump!
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$650,000 | 4 Bed | 2 Bath | 1,750 Sqft
I am pleased to feature the following properties! For questions or to schedule a showing, contact me today!
Phone: 978-490-0939 Email: mark@vadalarealestate.com
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Located on a quiet dead-end street just moments from the beach and downtown Gloucester, this well-maintained two-family home offers the perfect blend of coastal charm ...