What Did You Decide

Tom and Sarah accomplished more than they could have ever imagined using a Lifestyle Home Loan, so what about you?

Before you take the next step you need to know the one big thing that makes the Lifestyle Home Loan work to your advantage. Without knowing this important strategy you may not experience maximized leverage.

The key to success is to put the minimal amount down, and put the money you would have spent paying cash or getting a traditional mortgage to work. Let’s use Tom and Sarah as an example of what’s possible using the power of leverage so that you can easily determine if the Lifestyle Home Loan is a good fit for your situation.

Tom & Sarah, Age: 70 Purchase Price: $450,000

With the Lifestyle Home Loan

Bring down payment of $230,500 to closing

Retain liquid assets of $219,500

Saved $120,600 in mortgage payments over 10 years

Invested $219,500 at 4% over 10 years earning $105,414 interest on initial investment

Total interest plus savings from no mortgage payments over 10 years: $226,014

Without the Lifestyle Home Loan

Have $450,000 in liquid assets but Tom doesn’t feel comfortable using all the assets to purchase a home

They are considering traditional financing with a $90,000 down payment and using the remaining assets to pay the $1,648 per month mortgage payment

The budget for a new home is $350,000

Calculations based on a 1-year cmt, monthly adjusting program with an initial interest rate of 2.79%. maximum apr 7.79% as of 1/1/22. Loan charges will include origination fees, mortgage insurance premiums, and settlement costs which are to be determined. Estimated fees, including upfront FHA mortgage insurance premium, range from $11,000 to $16,447 depending upon the value of the home (included in mortgage). Closing costs vary from state to state and can affect down payment. Closing costs vary from state to state and can affect down payment. Please check with your Loan Officer for actual figures. Fixed rate options also available.