The sole purpose of this illustration is to explain conceptually how an Interest-only SMART LoanTM works. No actual offer is expressed or implied.
Freedom Financial Services(SM) is not a mortgage company or loan broker but refers multiple lending sources to fund the SMARTLoan(TM) Concept. All values are approximate based on amounts shown. Investment assumes an annual return of 12%. No particular investment or tax consequence is expressed or implied. Home value based on an average annual appreciation of 3.2%.
But wait--what about the rest of your debts?
What if you could include them in your mortgage at a lower interest rate and using IRS Section 163, deduct the interest as well?
You Can...The Interest-Only SMARTLoan(TM)
with Debt Consolidation! Convenient and cost effective!
Car Loan: $25,000 (8%) Credit Cards: $10,000 (18%)