A Home Equity Line of Credit that gives you the ultimate in loan payment flexibility
- During the first 10 years of the Freedom Loan, you can draw as often as you want - a home equity line of credit that works like a credit card.
- The Freedom Loan allows you to make interest-only payments . In any given month during the first 10 years of the loan, you can choose to pay only the interest or interest plus as much principal as you want.
- Helps you avoid having to pay costly
private mortgage insurance (PMI).
Built-in access to your home equity
- The Freedom Loan lets you access your home equity with no additional cost or paperwork, whenever you need it.
- Get a home equity line of credit up to $1,000,000 and use the money for whatever you want—home improvements, college expenses, consolidating your debt, buying a vacation home, boat or car.
Lower closing costs and no pre-payment penalties
- Freedom Loan has lower closing costs and closes faster than a traditional 1st lien mortgage.
- You can refinance at any time with absolutely no pre-payment penalties.
How the Freedom Loan works
- You can pay only the interest for the first 10 years of the loan or interest plus as much principal as you wish. After 10 years, the full interest plus principal is due.
- Draw from your home equity line of credit any time during the first 10 years of the Freedom Loan.
- Interest on your home equity line of credit may be tax-deductible.*
- Actual mortgage payments will vary based on individual client situation and current mortgage rates. The Freedom Loan is not available in all states.
Who it's for
- Homeowners who want flexibility with their payments.
- People who have lots of home equity and want access to it.
- Anyone who wants to avoid PMI and pay their own taxes and insurance.
- People who are looking for a fast, inexpensive loan.
Worldwide Financial Resources makes it easy
- Save time. No long forms to fill out.
- Expert advice. We find the right loan for you.
- Fast. Get approved in minutes and close your loan in weeks.
- Convenient. Closings that come to you.
*Please consult your tax advisor.
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