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Did you know that if you apply for a 6%, 30 year fixed note every 5
years for 25 years, you will still owe 70% of your balance with 30 years
remaining? This is assuming no cash out
or closing costs. |
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Mortgages
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The signature product of
the #1 lender in America.
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The Power Option Loan gives you the flexibility to decide
whether you would like to match your mortgage loan payments to your variable or
seasonal income, or whether you would like to put more money aside for a
business, an investment, or college tuition expenses. In essence,
it gives you control over how you pay your mortgage so you can do what makes
sense - for you.
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Option One - A 15 year
fully amortizing mortgage loan payment, which allows you to accumulate equity in your
home at a faster rate. This would obviously create a quicker payoff and
save a substantial amount of interest over time.
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Option Two - A 30
year fully amortizing loan payment, which allows you to pay your
mortgage loan off in a
30 year timeframe as most families are accustomed to, yet take advantage
of fluctuations in the market with the Adjustable Rate nature of the
program.
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Option Three - An interest
only mortgage loan payment which allows you to take full advantage of the potential tax
savings from a 30 year mortgage while investing or utilizing the principal
portion for retirement planning, college planning, debt consolidation or
any number of other needs that may arise.
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Option Four - The
minimum monthly mortgage payment option that has a low start rate. This
option maximizes cash flow by giving you more cash each month for
expenses, investments or for paying the principal direct.
These four options let you decide every month how to tailor your mortgage
loan payments to achieve your short and long-term financial goals.
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Copyright © 2004 Western Financial Services, All Rights Reserved
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