For example, there is a new type of mortgage that acts almost like a bank account, complete with a check book and debit card so you have immediate access to your funds. You can deposit your paycheck, savings, social security, pension and even investment earnings directly into the account, which reduces the amount of interest you pay, and allows you to pay your mortgage off much sooner - without making any additional principle payments!
And there's one for seniors who need cash to pay for healthcare, or living expenses. A government backed mortgage program allows seniors age 62 and over access to a portion of their home equity - guaranteed. They can receive that cash as a lump sum, or even as lifetime income - and never make any principle or interest payments - ever. And they can never lose their home to default.
So get the facts on mortgages and make sure you have the best one for you!
This information could change your life. Everyone should know about these programs!
Call us today to find out more or fill out the form on this page to have someone contact you.
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Faith Financial 2008