|
|
 |
If you have a son or daughter heading to college
this fall, you deserve congratulations. And a big helping hand. At Champion
Mortgage®, we can give you both. If you're not sure of the
best way to pay for college, one call to Champion Mortgage could put your
mind at ease. We'll explain how a Champion Mortgage loan puts more of your financial resources to work-using your
home equity to supplement grants, scholarships, student loans and savings.
We could get you $50,000, even $100,000 or more.* We'll help
you take advantage of low monthly Champion payments. And all the interest
may be tax-deductible too.**
Ready or not, a wave of expenses is set to arrive.
Tuition, books, and room and board all cost more
then ever before.
Average tuition and fees have doubled in the past 20 years-and your
total cost for four years could exceed $175,000 at some schools. No matter
how well you've planned, the bills you're facing could be a very big shock.
Today's high cost of college.
The cost of higher education continues to outpace the rate of inflation.
This past year, the average cost of 4-year private schools rose 5.9%,
while public school costs increased 7.1%.
Federal loan cutbacks.
Starting in 2007, recently passed deficit reduction legislation will eliminate
$12.7 BILLION in student loans-and steadily raise rates-creating additional
burdens for students and parents alike.
Fortunately, Champion Mortgage can help by unlocking
money from your home equity for your child's education.
We can pick up where federal loans leave off and
turn big college expenses into monthly payments you can afford.
You don't have to limit your child's options because tuition costs too
much. With home-equity financing from Champion, you can supplement grants,
scholarships and student loans to make college bills more manageable.
Open a Champion home equity loan, and you can handle
expenses whenever they arise. Unlike federal loans, Champion home equity loans give you greater flexibility with your money.You can use the money to pay for books, college travel expenses and
more. Plus, you can leave your retirement funds and other investments
intact! You could get money now, for this year's expenses.
And you can count on low monthly Champion payments to keep your budget
under control.
From fixed-rate to adjustable-rate solutions, Champion gives you the flexibility to borrow the right way for your family budget.
We could help you pay for the school of your choice.
We'll handle the paperwork for you.
Haven't you spent enough time filling out application forms this year?
With Champion, a 10-minute phone call is all it takes to get started,
and our Loan Specialists will take care of the rest.
|
|
|
