Interest Only Versus Paying Principal In the last several years, many
homeowners have embraced the concept of paying only their interest on their
mortgage, and not worrying about paying their principal down. While some customers
think this is a new concept, and are 'wary' of the risk, this has been done
by savvy investors and the wealthy for many years.
There are several reasons for this. First, over any extended period of time,
your home will likely appreciate heavily in value. When you pay principal, you
are only paying down about 1% of what you owe in any of the first several years
of your loan; investors know the appreciation on their home during this time
will far outpace how much principal they are required to pay. In other words,
the way to build equity in a home is not by paying principal to the bank, but
by using it as an investment and letting the value of the home appreciate.
One of the other reasons that investors don't pay principal towards a loan is
because they know that they can always put that money to better use rather than
giving it to the bank. One of the most frequent concerns of my customers is
that they just don't know what they would do with the extra money; simply putting
it into a savings account won't do much. At Coast to Coast, we provide
a special service, in that we can set up a free consultation with our investment
advisor partners at World Financial Group to go over your finances and present
to you opportunities to earn large returns on your investments in sound financial
vehicles. Once these opportunities were only available to the investor class;
Coast to Coast & World Financial are committed to making them available
to you.
CTC Credit Repair Program A lot of our customers call us up wanting
our top programs because they know we have the lowest payments and rate and
the best mortgage plans. Unfortunately, not everyone can qualify for these programs.
The number 1 reason is poor credit. Fortunately CTC now offers an alterative,
the "Credit Repair Program." In the past customers with less then perfect credit
had to take a high rate, unaffordable payments, or was turned down altogether.
Now, they can take advantage of the super low rates that the A+ credit gets
even though they have had made some mistakes in the past with CTC's "Credit
Repair Program."
How can someone with bad credit get the same great rate as someone with perfect
credit? With CTC's Credit Repair Program we look at future credit. If you can
show that you can make on time payments and that you are trying to clean up
you credit, you will get the lowest rates in the market.
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