Q: How is this program different from the other refinancing loan offers I'm bombarded with?
A: We utilize a unique concept known as mortgage planning where we analyze your lending needs as well as your financial and retirement goals. We can then recommend a holistic strategy that integrates them all in one plan to help you Reach Your Dreams & Goals!
Q: What if I sell my home in say, seven years? What happens then?
A: Assuming your home has appreciated in value, you're in great shape! Your home would have appreciated to approximately $248,000 giving you $48,000 of equity. Roll that into your new home. Your side fund investment would have grown to $65,000 for a total of $113,000*.
Q: What if I want to pay off my home early--say in 15 years when I'm 65?
A: The Interest-only SMARTLoan(TM) is perhaps the best way to accomplish this! Your side fund would have grown to approximately $249,000. Write the check for the original loan of $200,000 and keep the cash. Your home's appreciated value would be approximately $317.000. Your Total value: $366,000*
Q: How is this different from other interest-only loan programs I've heard about before?
A: The interest-only portion is generally amortized over a 30-year period instead of just 5 or 10.
Plus, we're talking about a holistic approach to your entire financial picture...not just a loan!
Q: What are the costs involved?
A: Normal closing costs apply such as attorney, title, escrow, flood certification, etc. but there are no origination fees or discount points. This can save you a bundle! (usually 1-2%) *
Q: What investments would I use for the side fund?
A: Our financial advisors will help you tailor the right asset allocation strategy that meets your needs, and takes in to account your time, temperament, and available assets. Tax considerations are also a major factor.
Q: Can I get this plan through mortgage brokers?
A: No. The Interest-only SMARTLoan(TM) is offered only through financial professionals like Freedom Financial Services(SM). As we said before, it is a holistic approach.
Q: How long does the loan process take?
A: The loan decision will come at the time you talk to our loan counselor, usually in 30 minutes or less. The loan will close in anywhere from 20 - 45 days based on the time it takes to secure necessary documentation from you, or from other third parties.
Your mortgage loan although significant, is only a part of your total financial picture,
wouldn't you agree? Let's show you how we can help you reach your Dreams & Goals!
