Castle Commercial Mortgage: NEW Home Ownership Accelerator Mortgage
NOW offering the NEW & BEST mortgage program!!!
Home Ownership Accelerator (HOA) mortgage
Based on the popular Aussie Loan (mostly found in Australia & England); this combines a 1st mortgage w/home equity line of credit up to 90% Loan To Value
The benefits of this mortgage program combines your loan with your checking/ATM card/savings accounts. The Home Ownership Accelerator program SAVES YOU THOUSANDS in Interest Charges - allowing you to pay off the loan faster than paying a traditional 30 year Fixed Rate ...AND No Change to Current Spending Habits.
In short, your money works harder by paying down the mortgage loan balance and STILL Allows You to have 24/7 access to the Equity in your home. It creates the Bank of You!
This program is Entirely backed by GMAC Bank
This revelotionary product-HOA\\\'s Rate is tied to the 1 month LIBOR (which is an Adjustable Rate) …KEEP in MIND though that the 1 month LIBOR Rate is currently at 5.32% and HAS NOT changed all year. That makes the HOAs rate flat all year at 6.07%.
Try the loan simulator to see how much you can SAVE.
This program works for customers that have:
> Primary or Second Homes with values of $450k and up
> Equity of 20% or better in their home (U.S. Average is around 35%)
> FICO credit scores above 660 (…did you know the average American has a FICO score @ 700)
> Home owners that have Positive Cash Flow
...If you have a tendency to charge Most or All of your monthly expenses on a credit card just to earn frequent flyer miles, and pay off the entire balance every month - then this mortgage is right for you.
Other people that may consider this is:
o Professionals (i.e. Doctors, Lawyers, etc.)
o Investors (i.e. Real Estate, Stocks/Brokers, etc.) – that need to make cash deals & can utilize the dollars of equity they have in their primary or secondary homes.
o Seniors/Retirees …considering a reverse mortgage
Call Tom at 303-756-0277 for more information and ask to try the loan simulator.