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Popular Terms 30 yr Fixed 15 yr Fixed 10/1 Arm 7/1 ARM 5/1 ARM 3/1 ARM 2/1 ARM 6 Month Libor Interest Only Interest Only Loans Advantages Borrowers with sporadic incomes can benefit from interest-only mortgages. This is particularly the case if the mortgage is one that permits the borrower to pay more than interest-only. In this case, the borrower can pay interest-only during lean times and use bonuses or income spurts to pay down the principal.	Florida Interest Only Loans Reduce your monthly mortgage payment with an Florida Interest Only Loans! Florida Interest Only Loans allow you the flexibility of investing your money where you wish, not just in your house. During the interest only period of your Florida Interest Only Loan you can either pay interest only, or include whatever amount of principal you wish, even a large principal prepayment if desired. After the interest only period your Florida Interest Only Loan will require monthly payments of both principal and interest. Choose Your Florida Mortgage Loan Metro Area! Amelia Island Mortgage | Orlando Mortgage | Cape Canaveral Mortgage | Palm Beach Mortgage | Daytona Beach Mortgage | Pensacola Mortgage | Fort Lauderdale Mortgage | Sanibel Island Mortgage | Fort Myers Mortgage | Sarasota Mortgage | Gainesville Mortgage | St. Augustine Mortgage | Jacksonville Mortgage | St. Petersburg Mortgage | Key West Mortgage | Tallahassee Mortgage | Marco Island Mortgage | Tampa Mortgage | Miami Mortgage | Tarpon Springs Mortgage | Naples Mortgage	Mortgage Resources Mortgages Mortgage Rates Mortgage Calculators Second Mortgage Mortgage Brokers Mortgage Interest Rates Mortgage Lenders Mortgage Loans Mortgage Refinance Mortgage Quotes Florida Factoids Florida is known as the sunshine state, for both it's mild climate and world-reknowed beaches. It's the fourth most populous state in the USA, after California, New York and Texas, and a major attraction and real estate destination for both young and old. Florida was first seen by the Spanish explorer Ponce de Leon on Palm Sunday on April 2, 1513 - he then named the "Pascua de Florida," meaning "Feast of Flowers" and claimed it for Spain. Later, Florida would be held at different times by Spain and England until Spain finally sold it to the United States in 1819. The rich Spanish history is still woven into the fabric of Floridian society.