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Help Finance Your Dream House

 


Victorian? Georgian? Adjustable rate interest only Libor?
Your home is more than just beautiful architecture — it may well be your most valuable investment. Valuable not just as an asset that might appreciate over time, but as a major source of equity you can use to finance a second home or a second career.

Your Smith Barney Financial Advisor can show you how borrowing can be a strategic part of your total portfolio. If you are considering any large purchases, investments or acquisitions, your Smith Barney Financial Advisor can help you evaluate the alternatives for financing these cash needs.

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Finance Your Dream House


An Interest-Only LIBOR loan is not for everyone. Your interest rate can increase and monthly payments can increase every one or six months, depending on the index you choose. Additionally, your monthly payments will generally increase when the interest-only period ends because you will be repaying principal and interest over the remaining loan term. On a six-month LIBOR, if you prepay principal during the first ten years, your required monthly payment may include some principal until your next six month adjustment.

 

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