Broker Tips
October 3, 2022

When to Consider an Interest-Only Payment Option

Jared Stanley
Senior Director of Originations

Check out our latest tool  at bottom!

Alternative financing focuses on the solution to a short-term need. That is why it can be beneficial for your clients to pay more attention to the payment and overall solution.

Imagine this, you have submitted your deal to a B-Lender because they had a competitive rate for your borrower which enabled them to have an affordable payment.

Unfortunately, you are met with delays and challenging funding conditions. Frustrated with delays, your client is thinking about going elsewhere.

Fortunately, there is another option for you. Your client can qualify with an Alt-Lender which offers interest-only payments that match low-hassle funding conditions.

But when will an interest-only payment equal the payment from a B-Lender?

Try out our Interest-Only Payment Comparison Calculator!

Mortgage Amount ($):
Amortization Period (yrs):
Amortized Interest Rate (%):


Amortized Monthly Payment
Equivalent Interest-Only Payment Rate
Jared Stanley
Senior Director of Originations

Jared Stanley is Senior Director of Originations at Neighbourhood Holdings, one of Canada's largest alternative mortgage lender. With nearly 15 years in the industry and a 2015 CAAMP (now MPC) Underwriter of the Year award, Jared leads originations strategy at Neighbourhood — working across marketing, sales, and underwriting teams to develop the products, programs, and broker experience that help mortgage professionals across Canada say yes to more clients. He is based in Vancouver, BC.

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