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Flex Loan
How would you like
to pay off $24,000 in credit card debt without increasing
your current monthly expenses?
How It Works
At Mortgage Manor, we achieve this by reducing your
monthly mortgage payment resulting in more control
over your monthly cash flow. The Flex loan program
has a minimum monthly payment and three types of payments
to choose from. It works very much like a credit card.
The minimum payment with a Flex loan is based on
a 1.95% interest rate, or you can choose a payment
based on interest only, a payment based on a 30 year
program, or a payment based on a 15 year program.
An example of a monthly statement is available. Contact
us for more information by calling the toll free number
below. Be sure to mention that you would like to see
if you qualify for a Flex loan.
The minimum payment changes each year for the first
three years by a maximum of 7.5%. For example, if
your monthly payment is $1,000.00 to start, the following
year it will be a maximum of $1,075. The yearly change
takes place until the minimum payment equates to an
interest rate of 5.79%.
We have saved homeowners a significant amount of
money with the Flex loan program. If you qualify,
we can achieve the same results for you. There is
no obligation to pre-qualify.
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Payment
and Savings
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Loan Amount
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1.95% Payment
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Interest Only
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Normal MTG. @ 6.5%
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Yearly Savings @ 1.95%
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5 Year Savings
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100,000
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367.12
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416
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632
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3,060
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12,000
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150,000
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550.69
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625
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948
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4,776
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19,000
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200,000
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734.25
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770
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1,264
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6,360
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25,000
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300,000
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1,101,37
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1,250
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1,896
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9,540
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38,000
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400,000
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1,468.50
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1,666
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2,528
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12,720
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50,000
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500,000
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1,835.62
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2,094
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3,160
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15,900
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63,000
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Call us today to consult with
a mortgage specialist.
1-800-401-6463
or apply
online
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