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Sesame II is
a new BPI product specially tailored for financing investment
properties. It offers an interest-only mortgage for the
first 5-10 years, during which repayments are capped in
order to secure your investment. After this period your
loan becomes a classic capital-plus-interest repayment mortgage
spanning a maximum of 15 years.
When linked to a savings scheme, Sesame II combines tax
efficiency with profitability, making it an ideal solution
for investors. In this case we can finance 100% of the purchase
price and invest what you would have normally contributed
as a down-payment (at least 20%) in one of our savings plans.
Generally these are linked to life insurance policies that
offer various fiscal advantages provided the investment
is committed for a minimum of eight years.
The return on investment in our savings schemes can be higher
than the mortgage interest rate, which means the money you
have earned at the end of the interest-only phase of your
mortgage can then be used to repay a large portion of your
loan. As a result your repayments during the second phase
of the loan are substantially reduced.
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