 |
The Best New Loan Program! 1% Minimum Payment!
The Best New Loan Program!!
Would cutting your monthly payments in half or paying off your mortgage up to 15 years sooner while saving tens of thousands in interest appeal to you? If so, read on to learn about the loan that will change the way people borrow money for homes!
Have you ever wondered why banks have the largest buildings around? I know I have! The banks are rich for one reason, fully amortized fixed rate mortgages. The bank who invented this way to loan out money made a TON of money! Here is why:
Fixed rate mortgages are like an insurance policy for the banks. No matter what happens to interst rates, they know they will still be getting there money out of you in a very sound investment. And since they know that the average American refinances every 4 years, all the interest is front loaded. Simply put, the banks charge you interest based on the loans orginal amount for all 30 years of the loan. So if you have paid down the principal balance in half, your interest is still being based off the orginal loan amount! Our whole lives we have been taught to get fixed rate mortgages. But where has this informaiton come from? The banks! Here is the irony of the situation. The banks are loaning money from the Federal Reserve on an adjustable rate! Why? Becasue they know this saves them money!
Alan Greenspan, the nations leading financial advisor, told USA Today, "Homeowners would save thousands of dollars if they held an adjustable rate mortgage."
The whole reason why adjustable rate mortgages outperform fixed rate mortgages is because the interest that is charged to you is based on the remaining principal balance not the orginal balance!
To prove this point consider the following: Two loans, both for $100,000. One is a 6% fixed rate mortgage. The monthly payment would be $600. After 5 years, the amount of principal that you would have paid would be $ 7,222, giving you a remaining balance of $92,888. Making the exact same payment each month with the pick a payment loan, after 5 years you would have paid $ 31,612, with only $68,388 remaining!! Think of all the money you are saving!!
Now some of you might be saying, "I know someone who has been burned by an adjustable rate mortgage." True there are adjustable rate mortgages that have really bad terms and indexs that the interest rate is based upon. So let me address that issue right now.
This loan program goes by the name of "Pick a payment", "FlexPay", of "Optional Payment ARM". Depeneding on the institution that is backing the loan, the index that the interest rate is based upon varies slightly. The index that is most used, and most stable, is the Treasury Bill. this essential is a market where the government issues debt. So you can imgaine that the US government wants to pay as little interest as possible to this index does not move a whole lot. In fact, since 1900 the T-bill has been lower than prime for almost every single year!!
Now about the loan. This loan gives you the choice each month of 4 different payments. You choose between, a 15 year payment, fully amortized, interest only, or the minimum payment which is based on only paying 1.50% interest! Think of the freedom you now hold!! If an unexpected expense comes up you can pay the minimum. Or by paying the minimum you can get qualified for a higher loan amount! Or you can pay the minimum payment, invest money into a mutual fund each month, and stick it to the bank like they have done to you for some many years!!
For example, if you invest $200 a month for 20 year(15% mutual fund) your balance would be $429,000. After 30 years, the fund would be worth $1,819,000!! Or invest $500 a month, after 20 years $ 756,000. After 30 years, $3,070,000!! Now when you retire you will have your house paid off and $3 million in the bank!! THIS IS THE REAL AMERICAN DREAM!!
Unfortunalty, only 5% of Americans can retire with the lifestyle they worked so hard for. Dont let this be you! Remember most people didnt plan to fail, but rather failed to plan.
My name is Justin Maier and I work for Ross Mortgage Consultants. We are one of the 5% of mortgage companies that offer this loan. We believe in customer education so that you can make the best choice with your biggest investment, your house. We are able to process loans in any state, so please feel free to contact either my partner, Jeff Nordin, or myself at:
Justin Maier
cell 530-227-5511
office 530-223-9500 fax
jmaier@rossmortgage.net
Jeff Nordin
cell 530-227-9111
jnordin@rossmortgage.net
Best Loan Ever!
IndyMac
Send E-Mail to: jmaier@rossmortgage.net
Copyright © 2005 Justin Maier. All Rights Reserved