We can help lower your loan's principal faster and save you tens of thousands in interest costs. For as long as we can remember, the homebuying process has largely remained the same: apply for a mortgage, make a deposit, and pay it off in 30 years. But this archaic process puts homeowners at the mercy of their banks for too long, causing unnecessary stress, excessive interest charges, and financial strain for seemingly no reason.
What if there was a way to streamline the homebuying process - an option to pay down your principal and simultaneously build up your equity sooner than you could possibly imagine? At Life Changer Loan, we're making that a reality for homebuyers in Arizona by offering a special loan that can help you pay off your loan and build equity in record time.
What if there was a way to streamline the homebuying process - an option to pay down your principal and simultaneously build up your equity sooner than you could possibly imagine? At Life Changer Loan, we're making that a reality for homebuyers in Arizona by offering a special loan that can help you pay off your loan and build equity in record time.
Services
Meet the Team
Report
Shane O'Grady began his mortgage career in 1995 with Norwest Bank. He ventured out with a business partner in 1998 to start Choice One Mortgage. Choice One would go on to employ over 600 loan officers through 35 locations in the southwest, and eventually sold in 2006. Street Capital, out of Chicago Illinois.
How It Works
Report
If you are like most homeowners, you probably owe a mortgage on your home. While your loan may have provided you with an opportunity to buy your home or save a few dollars on your payment, the truth is, mortgages are expensive. Even at historically low rates, a mortgage can more than double a home's original purchase price due to mortgage interest.
Tax Deduction Myth
Report
Quite casually, you mention that you are working towards paying off your mortgage to live your life debt-free. With great passion, they'll declare their commitment to "never give Uncle Sam an extra dollar!" You are not convinced, but you've learned over the years to never engage the debate when your friend digs in to defend their position.
Extra Payments Myth
Report
You could make an additional principal payment every single month or even a full double payment every month. But that would not stop your interest costs from accumulating. Nor would it accelerate your payoff date for 15 to 20 years. There is no doubt, your discipline could help you pay off your mortgage a decade or more sooner.
FAQs
Report
There have been smaller institutions that have indeed launched similar types of products. The mortgage products we use primarily today were developed during the Great Depression Era, lengthening the repayment terms for borrowers in an effort to making housing more affordable. Since then, there has been no substantial lobby for change and unfortunately, conventional products haven't kept up with consumer demands and behavioral changes.
Reviews
Be the first to review Life Changer Loan.
Write a Review
