| What's the FreeSpirit Solution? |
It is the means to retire or restructure your debt, adding flexibility using Structured Securities Loan
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John Shareholder has a home with a £300,000 mortgage @ 9% and £50,000 in credit cards @ 12% and he wants
to refinance. He owns 100,000 shares of XYZ stock, including mutual
funds, and believes these are sound investments that will appreciate in
in the months ahead.
With
a Structured Securities Loan with fixed interest rates (or with our Premier loan, at floating rates as low as 90-Day LIBOR
+2) interest-only quarterly or semi-annual settlements, he can receive sufficient
cash with very good rates and terms so as to refinance the house and his credit cards all at once – and still participate in the upside of his
securities should they rise in value over time as he expects.
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| Behind the Numbers:
Example:
- John obtains a 75% Structured Securities Loan with fixed or a floating interest-only rate (with Premier, currently at 2.5%) which will yield £375,000 in proceeds.
- £300,000 pays off the house; he now owns it, free and clear. He uses £50,000 to pay off all his credit cards.
- John
has saved himself £6,000 per year in interest expense on his house. He
has also saved £2,500 per year in interest expense on his credit cards.
And,
since he now has £25,000 in remaining cash from his Structured Securities Loan, John can
take his family on a nice vacation or buy a new car – or both...!
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