Bridges Financial of Des Moines has been certified to offer to homeowners in Iowa the revolutionary new Home Ownership Accelerator™ loan.
July 18, 2007 (Press Release) --
The Home Ownership Accelerator™ is unique among home loan products. It the first loan in decades that is designed to help a borrower get out of debt more quickly. It does this by completely combining a home loan with a full-service checking account offered by GMAC Bank. This combination allows every dollar the borrower receives in a month to flow against their loan balance instead of through a standard checking account.
Why is this combination a positive change?
This simple change allows the borrower to gain the “profit margin” that previously went to their bank on their checking and savings account deposits. This “profit margin” becomes “interest saved” for the consumer. The interest he or she saves by lowering the loan balance more quickly is then applied to their own loan balance as additional principal reduction. This accelerates the rate that the balance can be paid down and off. Borrowers currently in the loan are experiencing pay-down rates as high as twice as fast as their traditional mortgages offered based on this simple redirection of their cash flow.
Why is this loan newsworthy?
Until now, the lending industry has been completely focused on the front end of the home financing process. Innovative products such as Option ARMs and Interest-Only Loans have kept house payments affordable even as interest rates have risen. These loans do not help the borrower with the back-end of the process however. They do not help the borrower pay off the debt to live in a home “free-and-clear”. This pay-off issue is going to be a big one in the future, especially as Baby-Boomers begin to deal with the challenges of retirement. Many have given up on the notion long held by our parents and grandparents of owning our homes “free and clear”, a goal and dream that their current mortgage is not helping them to reach. The HOME OWNERSHIP ACCELERATOR™ is the first tool of its kind that gives the homeowner’s money the power to work for them, making this goal both obtainable and realistic, because the Best Mortgage is NO Mortgage.
The Home Ownership Accelerator™ focuses on eliminating the debt by using the power of the homeowner's own income to slash thousands off the total interest they pay and chop years off the time it takes to pay off. And it does this without changing their spending habits or access to the cash they earn. (See the 5 minute movie – “How it Works” - at www.bridgeshomeequity.com for more information.)
How effective is it?
An average borrower with good cash flow could pay off an average sized loan in as little as half the time – with no changes to spending habits. In fact, many homeowners will pay off even faster depending on their cash flow.
We at Bridges Financial are excited about what this powerful financial tool can do for homeowners in Iowa. Please visit us at www.bridgeshomeequity.com , or call 1-888-789-2743 for more information.
Why is this combination a positive change?
This simple change allows the borrower to gain the “profit margin” that previously went to their bank on their checking and savings account deposits. This “profit margin” becomes “interest saved” for the consumer. The interest he or she saves by lowering the loan balance more quickly is then applied to their own loan balance as additional principal reduction. This accelerates the rate that the balance can be paid down and off. Borrowers currently in the loan are experiencing pay-down rates as high as twice as fast as their traditional mortgages offered based on this simple redirection of their cash flow.
Why is this loan newsworthy?
Until now, the lending industry has been completely focused on the front end of the home financing process. Innovative products such as Option ARMs and Interest-Only Loans have kept house payments affordable even as interest rates have risen. These loans do not help the borrower with the back-end of the process however. They do not help the borrower pay off the debt to live in a home “free-and-clear”. This pay-off issue is going to be a big one in the future, especially as Baby-Boomers begin to deal with the challenges of retirement. Many have given up on the notion long held by our parents and grandparents of owning our homes “free and clear”, a goal and dream that their current mortgage is not helping them to reach. The HOME OWNERSHIP ACCELERATOR™ is the first tool of its kind that gives the homeowner’s money the power to work for them, making this goal both obtainable and realistic, because the Best Mortgage is NO Mortgage.
The Home Ownership Accelerator™ focuses on eliminating the debt by using the power of the homeowner's own income to slash thousands off the total interest they pay and chop years off the time it takes to pay off. And it does this without changing their spending habits or access to the cash they earn. (See the 5 minute movie – “How it Works” - at www.bridgeshomeequity.com for more information.)
How effective is it?
An average borrower with good cash flow could pay off an average sized loan in as little as half the time – with no changes to spending habits. In fact, many homeowners will pay off even faster depending on their cash flow.
We at Bridges Financial are excited about what this powerful financial tool can do for homeowners in Iowa. Please visit us at www.bridgeshomeequity.com , or call 1-888-789-2743 for more information.
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