
Here is how it works:
The Mortgage Savings Coupon Program combines modern computer technology and the banking secret of pre-paying $ money $ to the bank to save Hundreds of Thousands of $ money $!
Example:
Loan Amount: $300,000.00 (30 year P&I fixed payment)
Interest Rate: 6.75%
Monthly Payment: $1,945.79
Let's take a look at what will happen if you pay the "traditional" way:
| | Number of Years | Total Paid | Total Interest Paid (Bank's Profit) |
| You | After 30 Years | $700,484.40 | $400,484.40 |
* The above hypothetical examples are for illustrative purposes only and not to be distributed to the general public.
* The above hypothetical illustration could be more or less depending on the needs and wants of the client.
After 30 years:
You have paid a total amount of $700,485.94 for the privilege of borrowing $300,000.00. That is $400,485.94 of total interest paid given to the bank! That is 2.33 times the amount borrowed!
It will take nearly 21 years to reduce your mortgage to 1/2 the amount you originally borrowed. Why? Because less than 20% of your mortgage payments have been applied to principal after 15 years!
Lets take a look at what will happen if you use the MSCP:
| | Number of Years | Total Paid | Total Interest Paid | Total Saved (Your Profit) |
| You | After 15 Years | $431,246.95 | $131,246.95 | $269,237.45 |
* The above hypothetical examples are for illustrative purposes only and not to be distributed to the general public.
* The above hypothetical illustration could be more or less depending on the needs and wants of the client.
After 15 Years with the Mortgage Savings Coupon Program:
You paid off the mortgage in 15 years! That is $269,237.45 approximately saved and money going into the pocket! At the same time, you're building equity 374% more! You can increase your net worth substantially and retire debt-free!
By applying the Mortgage Savings Coupon Program into your current mortgage, not only will you be putting more money into your pocket, but you are also building equity faster than any real estate market boom in our history!
analysis on your current existing mortgage!
Questions?
Contact us at 213.388.5918 office | 213.388.5454 fax
Direct assistance call
626.340.5660
E-mail to
info@norefinance.com