A New Way to Pay-off your Home Loan!!
January 20th, 2007 . by Mike KellyHarry Coffee. Investor’s Trust Mortgage, is with us today on the show to explain the new “Home Loan Accelerator” program he is offering. This is a unique program which uses the weight of your entire checking account to knock down the principal amount on a monthly basis thus effecting the amount of interest you’re paying day to day on your loan. The link above gives you a great understanding of this new loan product and Harry can help you realize the implementation of this unique loan pay-off method into your financial picture. Give Harry a Call at:
707-284-2978
Question: We have four SFDs; 1 in Rohnert Park (180,000 bal 30yr Fixed, 5.375 - 5 or 6 years into this loan), 1 in Waipahu, Oahu (278,000 bal, 30yr Fixed 6.0 - 1 year into this loan), 1 in Goodyear AZ (90,000 bal 5.75 - 5 yrs into loan), 1 in Surprise, AZ (92,000 bal, 30yr Fixed 6.25 - 3 yrs into loan). Houses are rented with positive cashflow after all expenses. Does your accelerator loan program work in our situation?
Answer: The “Home Ownership Accelerator” loan is for owner-occupied properties only. However, that being said, it has a powerful component which could allow “pay-down” of some of the other loans via the Home Equity Line of Credit while allowing rapid pay down of this owner occupied loan. For complete details call the expert–Harry Coffey at 547-2716.