The Anderson Financial Group, Inc. aims to offer the latest mortgage products and specials to clients. Please check our site from time to time to see our current ‘Featured’ Products, and our ongoing product and pricing specials!

No Cost, No Prepayment Penalty Home Equity Line of Credit

We currently are offering a ‘Piggyback’ 2 nd Mortgage within 30 days of the closing of any first mortgage refinance or purchase! With this special program, there are no closing costs to establish the loan, nor are there any penalties for closing the line! There is no minimum draw or balance requirement, so you can open the line and keep it for future use, even with a zero balance.

Interest-Only Mortgages

Interest-only mortgages are available in both fixed and variable rate programs, with up to a 10 year interest-only term!

• An Interest-only payment is lower than the fully amortized Principal and Interest payment on any adjustable or fixed rate product.

• Lower monthly payments free up your cash flow for other uses such as paying off debt or putting away money for the future.

• Lower monthly payments allow many borrowers to qualify for higher loan amounts.

• Invest the monthly savings for potential earnings and gains!

• If I’m not paying down my principle balance, how am I building equity in my home?

The most common way homeowners build equity is through appreciation of the home as an asset, in contrast to paying down the actual mortgage balance. Interest-only mortgages allow homeowners to invest monthly savings, instead of pay down the mortgage balance. Why not earn interest on your principle portion, instead of letting your mortgage company sit on your money? In effect, an additional asset has been created which provides an opportunity to gain appreciation!

Please contact us for rates and qualification requirements!