Tuesday, December 6, 2011

Best Debt Busters & Wealth Builders - Math, Not Magic

Change is coming to America. Barack Obama told the American people and proved to be open to the message. Are you ready to take a mortgage on a diet? Keep the ride. A paradigm change is needed. Taking advantage of bank assets and that every dollar of interest or even cancel debt buster the best interests and welfare of the builder.

You are open to changing the way pay off the debt and build wealth? Let's change it for 30 years to pay off the mortgage. I said 30? This is a relic of the past. Forty and fifty years ago are now offering mortgages in the United States and Canada. In fact, 50% of the mortgage in Canada is amortized over 40 years (in the past, this number was usually 25). Who ever dreamed? Continues to change, in America or Canada. The Canadian government recently said he would not back mortgages for more than 35 years. How many maps used in the past help you reach your goal? If you are close to my age (55), I think a lot of nodding in recognition. Perhaps you remember the better days of AAA Travel Tickets guide you to your destination? Even younger? Probably used MapQuest. If you have never known anything other than a simple GPS navigation, maps probably sound ancient, and I, old man. What do we do before GPS systems? I can barely stand to think these days. Do you already have changed along the way? Sure, we've got. Although the 40/50 year mortgages first surfaced during the high interest rates in the 80 years in the United States today as a result of rising real estate prices in Canada and the United States. They offer the only way many people can afford a monthly mortgage payment, allowing them enough extra food on the table. This is good news. The bad news is that these mortgages created not only a major long-term debt, but the lifelong debt. The borrower is a 50-year mortgage builds your very slowly. A USA Today (May 2006), mortgage experts warned that the most suitable for those who plan to stay at home for about five years, while the lending rate is fixed. No financial freedom you desire? If the answer is yes, you must choose the best builders of wealth and debt busters:

* Think, and finally as a bank, learning to use the accumulation of interest on bank assets, the floating interest rate, interest rates and cancellation
* Use of personal financial discipline and creates the GPS calculates the complex ways
* Understand the bottom line of the consequences of spending habits, recognizing that it can change your life

Like the GPS in the car, my personal financial GPS does not ask, Where were you? or how long were you there? A proactive. Sole mission is to me where I am where I want to be. To get started, the system provides specific directions, taking into account the fastest and most efficient route leading to the new location, financial freedom. I ask the people questions, like: "How much are you seeking in your own home?" Often looks confused and replies, "Nothing." I nod my head in agreement, saying, "That's exactly ... zero!" If the banks are doing what most people would have all of our lives, they were fired by the Board. Oh! The truth hurts. This is where you need the best Buster debt, mortgage Diet.Most of people would do the following:

* A large lump sum payments of principal and pay off the mortgage sooner
* The bi-weekly payments and pay the thirty-year mortgage in 23 years
* Refinance and pull out the equity
* Sell your home and keep the equity

What is a caveat in the above scenarios? You need to pull money from their own pocket for the first two cases. There is "the mattress" money or win the lottery applied against the principal balance? This would apply to number one. I have a clone of a 98% Americans. I do not make payments every two weeks, because it means pulling out the cash in my pocket. This leaves out a number two. Number three? Good luck with this approach in today's economic situation. You are darn lucky if your bank is a HELOC (home equity credit line) to 80% LTV (Loan to Value). Almost one in five homeowners Negative equity position, which means you owe more than home is worth, you can kiss that opportunity goodbye. The fourth problem is obvious. Homes are not selling fast, and can not be sold by the homeowner asks. This brings us to number four. The answer is the same number three. OUR EQUITY?

As an investor, I like to win, using OPM (other people's money.) I'm paying off the mortgage and debt in record time, without a penny in my pocket. I'm not a refinancing, changing the mortgage payments, or change spending habits. Too good to be true? I opened my mind to think like a bank. I realized there are things you can do to cut interest rates and manage cash flow, personal financial GPSto significantly alter the path to financial freedom. It's just math ... not magic.

I said to mention the fact that investment is a very conservative 6% of the fund's "non-payment mortgages," make me a millionaire, instead of simply a bona fide homeowners? It fits my idea of ​​financial freedom is better than just dancing in the street with my mortgage burning party. Not everyone was meant to Lewis & Clark, which is capable of navigation path across terrain that is difficult. Let's face the facts. I need some help. America needs a little help. I'm not too proud to ask for it. Take care in Canada. You're right behind us. Welcome to a tool that offers a financial instrument, and show me the bottom line implications of the debt and spending habits, it is adapted to real situations. I like a mirror, I can not ignore. I never had this before. It is now. As a real estate investor, it remains open to research and the tools to create financial freedom. Similarly, we have a responsibility to customers, as those who hire me an opportunity to provide the best available in the market. Personally, I did not want to talk about change, while still the old financial path. I found myself saying, "There must be a better way!" I'm excited about a system that levels the playing field and create equal for all people. That's what I said into the American dream. Carpe Diem!



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