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Introducing Mortgage Free Living!
A new and innovative concept pioneered by Philippou Properties for the
purchase of homes in Cyprus!
The global financial situation has meant that consumer credit is not freely
available. Mortgage rates have increased whilst interest rates have dropped thus
reflecting the banks reduced appetite for lending.
The Mortgage Free Living Payment Plan is a non status payment plan which
structures your payments over 15 years from as little as 1% interest, thereby
saving you a minimum of €76,000 on your repayments! Mortgage Free Living allows
you to purchase your home over 15 years without the need for a traditional
mortgage, expensive arrangement fees, high interest rates or strict application
procedures now requested by the banks.
Benefits
- Simple application procedure
- No credit scoring or reference checking
- Own your home in 15 years or less
- Simple structured payments with low fixed interest rates
- No early repayment penalties
- Incredible savings
How it works
The Mortgage Free Living Payment Plan structures your payments over 15 years
at 2.5% fixed interest thereby producing incredible savings on your repayments!
Example:
1. Apartment price €119,000
2. 30% deposit of €35,700
3. Balance of €83,300
4. Payment plan set up fee of €1,725
5. 180 payments of €555.44
6. Total bank interest €93,325 @ 7%
7. Total MFL interest €16,678.37 @ 2.5%
8. Saving You €76,646.631
* Life insurance is required
Reservation of your luxury home is just €3,000 so owning your dream home in
Cyprus has never been easier!
For more information please contact Philippou Properties
Freephone: 0800 917 1917
Tel: +357 24 819
590
Email: info@pp-cyprus.com
Website: www.pp-cyprus.com
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