Question 1

What happens after the interest-only period ends in Carpinteria?

Accepted Answer

Your payment rises because you start repaying principal. Plan for that increase — don't assume you'll refinance out of it.

Question 2

Do I build equity during the interest-only period?

Accepted Answer

No equity builds from payments. You only gain equity if the property appreciates in value.

Question 3

Can I use an interest-only loan to buy a Carpinteria rental?

Accepted Answer

Yes. Investors often use them to preserve cash flow. A DSCR loan may also be worth comparing for rental properties.

Question 4

What credit score do I need for an interest-only loan?

Accepted Answer

Most non-QM lenders want 700 or above. Lower scores may still qualify but expect tighter terms.

Question 5

Are interest-only loans harder to get approved in California?

Accepted Answer

They're non-QM loans, so documentation standards are high. A broker with non-QM lender access is essential.

Question 6

How does SRK CAPITAL find the best interest-only rate for me?

Accepted Answer

We shop your file across 200+ wholesale lenders. Non-QM pricing varies a lot — that shopping saves real money.

Interest-Only Loans in Carpinteria, CA