2nd Mortgage Program Helps Homeowners Save for Future During this time of economic turmoil, Sydney Financial’s 2nd mortgage program is helping homeowners pay off their property loans and save for the future.
Unlike traditional 2nd mortgage loans, the Sydney Financial program helps clients use their new mortgages wisely.
Many finance experts agree that the current crisis was caused, in part, by excessive 2nd mortgage loans and a misuse of these funds. In contrast, Sydney Financial customers have used their 2nd mortgage lines to pay off their original home loans, becoming debt free in half or even a third of the time. Sydney Financial customers are then able to save or invest the money they save.
Here’s how the 2nd mortgage program works: A loan expert helps each new client take out a 2nd mortgage. The new loan is then converted into a specialized “mortgage checking account.” Each month these funds are leveraged to pay down the client’s original mortgage – actually reducing the accrual of interest. In this way, homeowners are often able to shave years off their loans and save tens of thousands. Clients need not alter their original loan or increase their minimum monthly payments.
Additionally, 2nd mortgage clients are given access to a financial planning software program, personalized consulting, and additional options such as retirement savings plans.
To qualify for the 2nd mortgage program, clients should be homeowners with equity in their property. They should also have a good credit score, generally in the mid-600s.
To learn more about 2nd mortgage loans from Sydney Financial, visit the website: www.sydneyfinancialgroup.com
