5 Year Fixed Pay Program

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5 Year Fixed Pay Program loans allow you the borrower to refinance your mortgage to a super low rate  and save hundreds on your monthly payment.  With the real estate market reaching all time records in sales, this program is quickly becoming a great alternative to conventional loans. 

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Find out how much you 

can save on an 

Libor 1.9% Loans

How does the 5 Year Fixed Pay work?

Why would you want a loan like this? 

There are several reasons, but here is the most common one: 

You have to ask yourself how long do you plan to be in this home? If your answer is the rest of your life, this loan may not be right for you. Maybe a  30 year or a 15 year fixed rate loan is best. But, if you are considering in selling your home in a year or two, then this loan could free up hundreds of dollar  a month that you could invest somewhere else. Or, cash out money that you can use now to consolidate bills. 

Lets use a real world example of why people are using this option to refinance. We're going to use some round numbers to help you understand it easily.

• Lets say you your property is worth $500,000, and you owe $200,000. You're planning to sell next year anyway because you've got plenty of equity. But would like to take advantage of this super low rate to pay hundreds less per month until you sell, or you want to cash out some money now to fix up the home for sale or payoff some bills.
• How much money could you save?
• Let's say you have a choice between a 30 year fixed at 6.0% or the 5 Year Fixed Pay at 1.9%. And you want to cash out $100,000 bringing your new loan amount to $300,000. We're going to look at the difference between the monthly payments on these two loans.
• With the 30 Year fixed loan, your new payment would be $1,800
• With the 5 Year Fixed Pay loan, your new payment would be $1095.
• The monthly saving is $705!
• And you were able to cash out $100,000. Plus you still have $200,000 equity (maybe more) by the time you sell your home in the next year.

As you can see these are great loans for people who are looking to stay in a home for a short period of time.  

If you would like to learn more about the 5 Year Fixed Pay Program, please feel free to call us at 866.624.6873

Understanding the Loan Process

We believe the more you understand the loan process, 

the better you will feel about getting a loan from us.