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Testimonials
“What a great loan to pay off your home fast and reduce your interest”
Phil Scimeca
Owner
Scimeca Sausage
"I was skeptical the first time I inquired about the Freedom loan on how it can pay your home off “In less than 10 years”. You asked me for some basic information and gave me a figure of paying my home off in about 9 years without changing anything I currently spent. Hearing this, I thought for sure it was too good to be true. You invited my wife and I in for an appointment so we could see everything in black and white. Everything was better than what we originally discussed on the phone. We were so happy we took the time to come in. We have now been in this program for a little over two years and will a have our home paid off in about 5 years. Unbelievable! I would recommend this to anyone and tell them to take the time to come in and see it for themselves.
Thanks for everything! We will refer you to all of our friends and family"
Todd & Melissa A.
"The Freedom loan is saving me approximately $125,000 in interest over my existing 25 year mortgage! If you would have explained this to me over the phone, I would have been lost. I’m glad I came in for the appointment because you guys truly made it easy to grasp.
Thanks again A1 Mortgage"
Mark Holden
Freedom Loan
What is the rate?This is the first question that the consumer is trained to ask, however the most important question is “What is the total interest I will pay on the loan?”
Example: 30 yr fixed rate mortgage with a balance of $150,000 and a rate of 5% will cost you approximately $140,000 in interest . That’s a total of $290,000 you will pay for your home. The Freedom loan on average will save you two-thirds of this interest. As you can see, its not about the interest rate, its about the interest paid. The 30 yr fixed mortgage above is a great rate but did you ever think that you would pay the bank double the amount financed.
Is the interest on the Freedom loan tax deductible?
According to IRS publication 936, interest paid on any qualified mortgage loan used to purchase, construct or improve a home is deductible as long as it doesn’t exceed $1 million. Please consult your tax professional for actual deductions.
Won’t paying less mortgage interest reduce my tax deduction?
Yes and this is good thing because every $3-$4 in interest you pay the bank you get an approximate $1 tax deduction. This is not a good long term strategy. Think of it this way: Would you pay a higher interest rate to get more of a tax deduction? Of course not! Paying less interest means less money out of your pocket and more money toward your principle.
How long has this loan been around?
The Freedom loan concept has been around for decades. Most of Australia and about two-thirds of the United Kingdom homeowners have this type of loan. It is becoming more and more popular in the United States for consumers with good credit and equity in their home.
Why isn’t this program offered by more lenders?
Its simple. The Freedom loan pays the lowest amount of interest to the banks because it pays off in less time. A 30 year standard mortgage is one of the most profitable loans for a bank because they know on average most people only keep their loans for 3-5 years paying little principle and mostly interest.
Is this FDIC insured?
This is a mortgage, not a savings account. Your mortgage is protected by your equity.
Am I the right customer for The Freedom Loan?
The freedom loan is ideally suited for the responsible homeowner who has good credit and equity in their home. We realize every homeowner’s situation is different so please call A1 Mortgage and consult with a Freedom loan specialist.
Contact us now and let us show you how to save thousands of dollars- Call (816) 822-8888
- To send us an e-mail Click here
Testimonials
“My wife and I originally came in just to lower our Mortgage payments. We never dreamed up that we could payoff our mortgage,our debt and be comletely debt free just under 10 yrs. That is amazing and I will be sending you many referrals. Your friend, John Turnberry.”
Mr. John Turnberry
“Their guys were very helpful and was very responsive to our needs. They explained things in ways that made us feel important.”
Ms. Shirley Oxby
Mortgage Application
Applying for a loan is very simple, Fill out the A1Mortgage Easy One Minute Application.
