WEALTH BUILDER (a.k.a. All in One)

A Loan Designed To Support Your Modern Lifestyle

If you’re like most homeowners, you’ve probably financed your home over a period of 30 years, in a traditional mortgage where a majority of your new mortgage payments are applied mostly toward the interest instead of the principal balance.  Feels like your balance is barely moving right? However, as months and years go by, the application of your payments toward the principal steadily begins to increase while the application of your payments toward the interest portion decrease.  For most homeowners, this strategy ensures that the interest paid by them to the lender over the lifetime of the loan exceeds over half of the amount of the loan itself.  You can see this when you look at your amortization schedule that came with your closing documents.  This strategy of front end loading the collection of most of the interest in the earlier stages of the loan term was introduced into the U.S. Housing Market in the early 1930s, refined further when mortgages became more mainstream in the late 1940s and still very much a part of the the current mortgage market today. 

However, what if there was a way to change how payments were applied by the lender?  What if also in making that change, you were to benefit in a very meaningful way?  In a modern mortgage era kind of way!

WELCOME TO THE WEALTH BUILDLER LOAN

Designed after popular programs around the world, the Wealth Builder Loan is a the nation’s most attractive transactional hybrid or type of offset modern mortgage program that has line of credit characteristics.  Designed for applicants with strong positive cash-flow.  Works wonders for those that make more than they spend.

Simply put, this loan is part Mortgage and part Checking Account, however combined all into a 2 way instrument of common sense!  This results in being a Principal Paid First product - finally!  Without changing what you normally budget for your mortgage payment, this is an innovative way to start putting your money to work for you using the same strategy banks are using with our money today!  This is a 2 way instrument, whereby money comes in and money goes out.  Used for Purchases and Refinances.  No impounds/escrows on this loan. 

HOW YOU COULD BENEFIT FROM THE WEALTH BUILDLER LOAN

• You could save more than Tens of Thousands of Dollars, thus reducing the cost of home ownership
• Pay your mortgage off faster with less money going toward interest, every monthly payment reduces the overall balance faster.  Mortgage freedom is accelerated, whereby average payoff is 8-12 years for most customers.
• Provides 30 years draw access to equity money
• No balloon payment or prepayment penalties
• Access your home's equity whenever money is needed, which you could then use to help solidify other financial goals in your future (i.e. other investments, reinvest in your home, a second home, the stock market, and more).

HOW DOES IT WORK?

1. New checking account: We open a new checking account for you in which you receive all the normal features you are accustomed to such as VISA Cards, mobile banking, account security, customer service, Bill-Pay, Checks, added users, etc.  You then move everything over to it to officially making it your Primary checking account where you place all of your direct deposits into, write checks from, pay bills from, groceries from, and everything that you normally do from a checking account. 
2. Your Deposits: This checking account uses your income to lower your loan’s principal without having to change the way to spend or pay bills, as well as without having to change the amount you budget for your mortgage payment. In essence, every deposit becomes a Principal Payment.  Essentially, every time you make a deposit to this new checking account, at 12:00am that deposit will sweep in its entirety over to the mortgage side of the account and reduces the principal balance of your mortgage by that same full amount of the deposit.   
3. Your Normal Spending:  Then, as you spend money out of the checking account, the mortgage balance then goes up by the same amount. However, until you spend that money, that deposit stays in the loan account thus keeping the balance low and in turn keeping the interest cost low. 
4. Interest calculations:  These are done and added to the balance in arrears based on sum of daily interest for each month. No more amortization schedule or front end loaded predetermined interest.

Check out our interactive calculator below to see how many months, years, or thousands you can save!