Equity BuilderSM
Loan
Christiana Home Loan offers the Equity Builder
Loan SM at
1.95%.
The Equity Builder Loan SM
is a bi-weekly loan that re-amortizes every 14 days. Due to this reamortization feature, the
Equity Builder Loan SM will save you thousands of dollars in interest over a fixed rate loan and will payoff years earlier. The Equity Builder
Loan SM is based on the Cost Of Funds Index (11th District).
WHO IS THE EQUITY BUILDER
LOAN
SM SUITED FOR?
People who want affordable, stable payments. The Equity Builder
Loan SM is based on the stable Cost Of Funds Index, therefore, the
payments are very affordable. Although the The Equity Builder Loan
SM has bi-weekly
payments (calculating to one extra monthly payment per year),
the savings are still substantial compared to any 30 yearfixed rate loan.
People with small children who will be entering college in the
future.
The Equity Builder Loan SM provides low monthly payments which
allow you to save more money towards your child's education,
and will provide money source (i.e, equity line, cash out refinance, etc), or will actually pay your mortgage off by the time your children enter college.
People facing retirement. The Equity Builder Loan
SM will payoff in approximately
18-23 years if the Cost Of Funds Index moves the way it has in
the past (rising for 1 1/2 - 2 years, then decreasing for 3 - 4
years). The Equity Builder Loan SM
will provide affordable payments and payoff earlier than a 30 year loan.
People purchasing a starter house or purchasing a home they will
be selling in a few years. As we can no longer depend on the
housing market and the appreciation of our home's value to
gain equity, we must now rely on our financing vehicle to gain equity. The Equity Builder
Loan SM pays off substantially more principal than any other loan, even
in the first few years of the loan, thereby giving you more equity, enabling you to "move up" sooner.
