| |
| |
|
Mortgage & Refinancing Information |
|
|
|
Money Smart Homeowners Use this Mortgage Strategy Every Time
There are currently more than 50 million home mortgages in the United States today. So why aren't more homeowners taking advantage of the highest yielding lowest risk, tax-free financial strategy available today? Let me ask you. Where can you....... ? Forego only $3.35 in tax savings (three dollars and 35 cents) ? Invest $350 over the course of 12 months ( three hundred and fifty dollars) ? Get a return of $3,300! (That's Three thousand three hundred dollars) $3300 for $353.35? It's certainly not the stock market, pork bellies or even currency trading.These vehicles are all highly leveraged high risk speculations in which the vast majority of the participants lose money, Lots of money. So what is this low risk high return tax-free strategy? Well, it's right in front of your nose. In fact this is so close to home that you may have never even realized the life altering benefits you can achieve. It's called The Bankers Secret otherwise known as equity acceleration or mortgage principal pre-payment Several years ago author Mark Eisenson wrote the best selling book titled The Bankers Secret which effectively blew the lid off of what most bankers were all too happy not to talk about. The strategy of pre-paying mortgage principal in order to accelerate equity gain. It's no wonder they weren't talking. In our example above simply by paying an extra $350.00 on your mortgage in one years time $3300.00 in future interest is saved. Thats quite a savings, wouldn't you agree? Years ago you could only learn of this by having a banker as a relative or by attending an expensive seminar. Just imagine how much interest you will save while at the same time substantially cutting down the number of years it will take to pay off the mortgage. But it gets even easier. Pay your mortgage on a bi-weekly basis (perfectly legal) and you will be astounded at the number of years you can shorten the mortgage while hardly noticing the change at all. This is the perfect strategy for those who feel they just can't afford to pre-pay a mortgage. Truth be known you really can't afford to miss this opportunity. Since the publishing of The Bankers Secret many have embraced this deceptively simple and incredibly safe wealth building strategy. You may even have read the book and be familiar with the strategy. So the question begging to be asked is...... Why aren't you doing this? There are several reasons most people don't begin an equity acceleration program but when you really analyze these you come to know that they're really not reasons at all, they're actually misconceptions. See if any of these "reasons" sound like yours..... ? It sounds too good to be true ? I can't afford to pre-pay ? I'll lose my biggest tax deduction ? My banker will resent me if I pre-pay ? My banker will subtract my pre-payments from the back end of my loan ? I can get a better return on my money some place else While many people use these as reasons not to get started the undiluted truth is that all these "reasons" are 100% false! You can do this. Start an equity acceleration program today and you will be years ahead of your friends at your very first mortgage burning party.. Remember this: When there is nothing to lose by trying and everything to gain then by all means try! Randall Madon is a business owner who is also a Homeowner. He uses a totally free equity accelerator software program. You can use it too. Download your free copy athttp://mortgagesavers.has.it
MORE RESOURCES:
Mortgage-Refinance - Google News |
|
|
|
RELATED ARTICLES
Tips for First Time Home Buyers When looking at tips for first time home buyers, you've come to the right place. Many people are looking all over the Internet for reliable information. Residential Mortgage - Finding The Best Home Mortgage Lender Most people approach the act of getting a home mortgage purchase or refinance loan the wrong way. They timidly approach lenders and cross their fingers that they will quality for that all-important loan. Mortgage Lead and Mortgage Leads A mortgage lead is an exciting thing because you are filled with the thought of buying a house. Mortgage leads are listings of information dealing with how much a house will be. Multi Family Property Living While most multi family properties are designed to allow the peaceful coexistence of many families within their separate units, some apartments and houses give you the feeling that you're actually living in one big family. Things like sharing one washer and dryer between five families means you never know whose underwear you'll have to fish out of the washer before you start your own laundry. What is the PayOption ARM? Imagine an adjustable rate mortgage that allows you to pick one of four payment options on your monthly mortgage bill. It is an ARM on which the interest rate adjusts monthly and the payment adjusts annually, with borrowers offered options on how large a payment they will make. Online Mortgage Brokers - What You Might Not Know About Home Loans & The Internet You may think that applying online for a mortgage is the same as applying with a broker in the 'real world', only more convenient.While applying for a mortgage online is much more convenient, and sure to help you get a lower rate because of the amount of competition online, there is another benefit to using the internet when applying for a loan. Guide to Mortgages A mortgage is a loan that is guaranteed by a property. At its most simple that means, if you can't pay back your loan the lender can force you to sell your home so they can get their money back. Remortgage To Release Equity By Improving Interest Rate You have been paying on your mortgage for quite sometime and you think that your money serves no purpose except paying for your loan. This you already know. What is a Current Account Mortgage? Current account mortgages are fairly new to the sector. They are quite different to other types of mortgage as they enable you to set off all your savings and debts in one single account. Shopping for a Mortgage, Avoid Three Common Mistakes Buying a home or refinancing one is perhaps the largest financial transaction you will ever make in your life, so you want to be sure to avoid any mistakes that may cost you in the long run.When you are deciding on a mortgage, you certainly don't want to make your decision by flipping a coin. No Fee Mortgages Coming Soon Buying a home, especially for the first time, can be a daunting experience. There are endless credit checks, bank checks, employment checks, appraisals and more paperwork than seems to make sense. Ten Things a Mortgage Processor Must Know to be Effective From time to time, we hear a story about a processor gone bad. A processor that seemed so knowledgeable early on but now isn't keeping pace and can't seem to get along with anyone. Fixed-To-Adjustable-Rate-Mortgage What is a Fixed-To-Adjustable Rate Mortgage?This type of mortgage offers fixed payments for an initial loan period of up to10 years then followed by an adjustable interest rate for the remaining term of your mortgage. Payments are usually lower than most fixed rate mortgages. Home Mortgages: Does It Ever Make Sense to Pay Points? Interest rates on home mortgages are often quoted with and without points. A point equals one percent of the amount you are financing. Home Mortgages: Does a No-closing-cost Loan Make Sense for You? I have heard a number of radio ads and have seen many newspaper ads offering "no closing cost" home mortgages. These ads will tell you that you can get a new mortgage or refinance your existing mortgage at absolutely with absolutely no closing costs. How To Get a Mortgage If Youre Self-Employed If you are self-employed, work on a contract basis, or have an income that is irregular or comes from multiple sources, it will generally be harder for you to get a mortgage than it is for someone who is an employee and can easily prove their income.A self-employed person is someone who runs their own business and works for themselves without an employer. Bad Credit? Qualify Yourself For A Zero Down Mortgage Loan I decided to write this article today after closing a home purchase loan for a couple that had some major credit issues. They got into the house with ZERO down payment, and only had to bring $600 for the closing costs. Get the Best Rate on Your Home Mortgage Loan Home mortgage interest rates hit record lows in 2004 and have remained at record lows as we go through 2005. It is possible today to get a thirty-year fixed rate home mortgage loan for under five percent, and an adjustable rate mortgage can be found for under four percent if you look hard enough!However, record low mortgage rates do not mean that you should take the first mortgage offer made to you, even if it sounds low. Should You Refinance Your Mortgage if Interest Rates Drop? Mortgage refinancing is when you take a mortgage of a certain interest rate and term length, and change it for a different interest rate and term. If you are looking to refinance your home loan it is usually done when rates have dropped considerably therefore making it advantageous to do so. Home Equity Loan - Beware of the lingering lien! A problem that often arises when people try to refinance their home is the discovery of a pre-existing lien from a previous loan that was not removed by the lending company. The cost of removing a lien and returning the title to the homeowner, a process known as reconveyance, is usually included in fees associated with a home equity loan.
|
|
Articles Home Page | Site Map | Main Site Home Page GETsonic | TrafficFish | Games | YaZoW | Freebies | WildThingsDesigns | Mp3mama
|
|
| © 2008 |
