Home Free Details - Simply Revolutionary

Home Free allows your money to work for you. Any funds in your checking account will now work for you, not just the bank. While the homeowner's funds are not being used, an "average daily balance" is created in the account. The average daily balance is applied (subtracted) to lower the principal balance before the interest is calculated each month. Each month you pay less in interest and your principal balance payoff accelerates. Your net effective interest rate can be 50% to 60% lower than traditional mortgages.

Homeowners can access their checking funds to pay for expenses just like they would with their current checking account. The average daily balance works for you even if you've used all of your direct deposit funds to pay for expenses by the end of the month.

The Home Free Details

1. First Lien HELOC used to Finance up to 75%.
2. The Home Free Balance is recalculated each month!
3. Interest Only Payment for the first 10 years of the 30 year term. 
4. Interest Calculated on Averaged Daily Principle Balance.
5. Homeowners Pay Less Interest due to cash sweep feature.
6. Mortgage paid off Quickly- in 8 to 10 years average.
7. Fully Liquid- access to your Home's Equity by writing a check.
8. Full checking account features including Debit Card, Checks, On-Line Statements.
9. 650 FICO minimum, 75% Loan-to-Value maximum.