Financial Services Industry
Industry: Email Alert RSS FeedThe 1 Percent Option
Accounting Technology, July, 2006 by Roccy DeFrancesco
What type of mortgage do you have? What type of mortgage do the vast majority of your clients have? The standard answer is a 15 or 30 year fixed mortgage. This article was created to explain how the unique and useable 1 percent cash flow arm (CFA) mortgage works. The 1 percent CFA mortgage program is designed for clients who would like to minimize their current monthly home mortgage payments while at the same time invest the saved money for future retirement savings.
This program is not designed for homeowners who are looking to reduce their monthly mortgage payments with an eye on paying off their home mortgage in the standard time frame of 15-30 years. The whole point of the 1 percent CFA is to minimize current mortgage payments, which frees up money for investing. It is a...
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