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Pay-Less-Monthly Program
Debt Restructure
REDUCE YOUR MONTHLY PAYMENTS BY $200 - $600
PLUS ENJOY LIVING IN A MAINTENANCE FREE NEW HOME!
To make it easier for you to buy a new
Comfort Home, we offer a debt restructure program that allows
you to lower the cost of your consumer debt and make your consumer debt tax
deductible.
Example...
If you pay 18% interest on these loans you will only
pay 7.2% APR
when you restructure them as a 2nd mortgage.
This can easily save you thousands
of dollars in interest PLUS
lower your minimum payment.
You Now Pay
Amount
Payment
Car loan at 18% $14,000
$411.25
Credit Card at 18%
$4,000
$117.50
Furniture Payment at 18%
$3,000
$88.12
Total
$21,000
$616.87
New payment at
7.2% on 15 year 2nd mortgage: $233.47
Where does the money come from for Comfort
Homes to loan you up to 110% of the value of the home?
When we build a home we make a profit. We will invest our profit
in you by making you a consolidation loan to pay off high interest rate
debts like car loans, personal loans and credit cards.
Will this program help you?
If you have high interest debts this program might be good for you.
Is perfect credit needed?
No.
The average credit score in Indiana is about 687.
All you need is a credit score of at least 600.
What is the interest rate on the
consolidation loan?
7.20% APR.
Are there any closing costs?
No.
Why is Comfort Homes willing to do this?
The money we loan to you is profit we make by building your home.
We can invest the profit in many ways and it makes good sense to make you a
loan at 7% interest when the best the banks will give us is about 4%.
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