Universal Funding Partners

The Scranton Parade is easily one of the largest in the country. Not bad when you see who we're comparing to. We're right up there with New York and Boston. This Saturday's parade is expected to be 10,000 strong!

The latest news is the announcement of a special attendee. Hillary Clinton was in town Monday to give a speech at Scranton High School. She let the beans spill that she'll be attending the parade, in some capacity, along with Gov. Ed Rendell. Mrs. Clinton has very close ties to our region. She's made numerous trips to her father's home in Scranton.

This "Parade Day" is particularly special to me. I'll be taking my son to his very first "Parade Day". No matter what ethnicity you are, it's hard to find someone that doesn't have some special memory of the parade. I look forward to creating memories for my boy. I hope you enjoy your day as well!

Kevin Blasi
Mortgage Specialist
Universal Funding Partners, Inc
Office: (570) 342-2444
Direct: (570) 836-8336
http://www.ufploans.com/

Equity Line of Credit. Home Equity Line. HELOC.

There are many names for this animal but they are all the same. "HELOC" is short for Home Equity Line Of Credit. It's a second mortgage that sits patiently behind your much larger first mortgage. Your first mortgage stays "as is". The HELOC is a second lien on your property. A normal HELOC has a rate that is tied to the Wall Street Journal Prime rate. As the Prime rate goes up, so does your rate. Your HELOC rate is usually a certain margin (usually about 1 point or more) ABOVE Prime.

Here's where this brand new program is different and innovative. Our HELOC rate is actually LOWER than Prime! Just like your usual HELOC, it is tied to Prime, but your rate will always be a step or two BELOW the Wall Street Journal Prime Rate.

There's always a catch, right? Well, this line of credit is reserved for business owners. Business owners can use the funds from the HELOC to buy inventory, invest in advertising, or inject some needed capital. However, business owners can also use this money to fix up their home, buy their kids a bike, or take the family to the Bahamas! Unlike a business line of credit, you can use these funds for practically anything!

So, if you:

• Own your own business
• Own your own home

You may qualify for this unique new product that has lower rates than ANYTHING around! Give me a call!

Kevin Blasi
Mortgage Specialist
Universal Funding Partners, Inc
Office: (570) 342-2444
Direct: (570) 836-8336
http://www.ufploans.com/