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Paying Off Mortgage Guide
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Home Equity Application

 
Sample Equity Rates
Current Prime Rate: 5.00%
Rate Range: see notes LTV Type
PRIME RATE+
(-0.50 to 0.25%)
80% LINE
PRIME RATE+
(0.25 to 1.50%)
90% LINE
PRIME RATE+
(0.00 to 2.50%)
80% LOAN
PRIME RATE+
(2.50 to 3.75%)
90% LOAN
Guide: How to Negotiate Rates
Shop Lenders: Comparison Sheet
Calculate Numbers: Equity Calculators
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Before You Exit Site
using your home equity for - MORTGAGE PAYOFF

current location: home equity center ... product uses ... mortgage payoff
Summary Review
Idea:

You Can Payoff Your Mortgage Quickly
in about 1/3rd of the time without changing your current monthly payment or cash flow position

Would this interest you?

Use:

You Can Use Your Home Equity Credit Line
as your personal money account to manage cash inflow and outflow to accelerate mortgage payoff payments

How:

View This Quick Demonstration:

click here for quick slide presentation on how you can payoff your mortgage FAST using your home equity

includes a FREE, no obligation profile analysis of your current mortgage payoff position

What's the Benefit

Pros:

Early Payoff Means Big Savings:
by paying off your mortgage early, you can save a lot of money by not having to pay all that interest to the banks — see sample below

Mortgage Loan Rate Term
$300,000 6.00% 360 Months
Monthly Payment: $1,798.65
Total Interest Paid by Term End: $347,514
Interest Paid with 10-11yr Payoff: $117,000
Interest Savings (approximately): $230,514
Pros: Early Payoff Means Better Security:
if anything should happen to your job, health, or other unplanned event, having your mortgage free and clear can prepare you for an unexpected financial emergency
Pros: Early Payoff Means Better Planning:
what could you do with the extra money by not having a mortgage payment — how about saving for college, saving for retirement, taking some travel, etc.

More Information Available

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