 |
Home Equity Can Create a Never-ending Money Cycle
What could you do with $10,000? Well, you can have it, now in
a new home equity loan! Did you know that if you have been in
your home for just one full year, you may already have the
opportunity to take out huge dollars in equity from your home --
tens of thousands, even! Did you also know that you can get this
money with no closing costs, use it any way you like, and, best
of all, it will cost you as little as the price of your cable
bill each month, and you can create an amazing money cycle that
will give you an endless supply of cash.
Unlike conventional mortgages, home equity loans are paid back
with interest-only payments, and have no taxes or insurance
added, which make for extremely low payments. This means you can
get tens of thousands of dollars for as little as $33 per month
on your equity loan. Imagine having 10,000 dollars and paying
this little to get it! What's more, if you use this equity
properly, you can pay off debt, saving hundreds monthly. Then, in
a few years, you can get a new home equity loan, with the new
equity you have built in your home from simple appreciation in
value.
A real-life home equity loan example. . .
Here's a great story about the power of equity. I had a client
once, who was going to sell his beautiful home, which he loved,
because he needed money for his daughter's college education.
Little did he know that the money was right at his fingertips,
locked away in the vault inside his home. All he needed was the
right combination to get it out. When I showed him how he could
get a $50,000 home equity loan for less than $180 per month, he
was astonished. "I figured it would be like a whole new
mortgage," he said. You know, around $500 per month, and I could
never afford that, on top of my current mortgage payment."
The Money Cycle. . .
He was even more excited when I taught him how to pay that
loan off later, using his house again, while taking even more
money. This is what is called the Money Cycle. Your home equity
loan can create this never-ending cycle. Imagine paying off a
car, a credit card and another loan, all at high interest with
combined payments of over $600 monthly. Your home equity loan
payment is $180, saving you over $400 per month and $5,000
yearly. Now, instead of spending this extra cash, what if you go
to your financial planner and have him invest the money for you?
Suddenly, you're building wealth and creating cash flow. Now, in
a few years, your home appreciates, and you either sell or
refinance to a new loan, getting more cash and starting the cycle
over again. Learn all about it in the wealth-building system,
Winning the Mortgage Game.
Mark Barnes is an investment real estate and real estate
finance expert. Get his free mortgage finance course at
http://www.winningthemortgagegame.com
and also learn how to gain financial independence through proper
real estate investment strategies. Mark is also the author of the
new novel, The League, a shocking, sports-related conspiracy.
Learn more about his suspense thriller at http://www.sportsnovels.com
 MORE RESOURCES updated Thu. February / 09 / 2012
|
AgedLeadStore.com to Add 1100000 Aged Mortgage Refinance LeadsMiddle East North Africa Financial NetworkCOM, January 26, 2012 ) Baltimore, MD AgedLeadStore.com is increasing its value for its customers by adding 1.1 million aged Mortgage Refinance Leads in February. This is important as many people depend upon their ability to refinance to make progress ... |
|
New HARP Could Help Up to 6.7 MillionNASDAQOther changes to the program were designed to make it easier for homeowners with private mortgage insurance (PMI) to refinance or to obtain a HARP mortgage refinance with a lender other than their current mortgage servicer. In addition, new limits were ...and more » |
|
Boehner On Refi Plan: Bad Idea, Obama!Mortgageorbby MortgageOrb.com on Thursday 02 February 2012 Any hope for bipartisan support of President Obama's mortgage refinance proposal was squashed by House Speaker John Boehner, who dismissed the new initiative as a continuation of failed policies.and more » |
Google News
|
|
|
RELATED MORTGAGE AND REFINANCING ARTICLES:
Housing Bill - Changes in
the Right To Buy Scheme
Presently council tenants are able to purchase their rented
property after 2 years of tenancy. However, this is about
to change.
Buying a New Home - Home
Buying Tips
If you in the process of looking for your first home, there
are some essential steps that you should be aware of. Many
times, people fall in love with a home and rush into the
deal-not considering some important issues.
Preventing Foreclosure
Proceedings and Understanding Your Options
Every year over 8 million homeowners are seeking help
preventing foreclosure proceedings. This is a stunning 30
year high.
Home Equity Lines of
Credit Vs. Other Conventional Loans
When it comes to getting money, you have two basic options.
If you are a homeowner you can choose to take out a home
equity line or credit (HELOC), or you can take out a
conventional loan.
Cardinal Principle of
Homeowner Personal Loans - It is a Solution for Any Sort of
Financial Funding
You bought a house and you were promoted to the position of
a homeowner. It was perhaps the most important decision of
your life.
Why Choose a Home
Improvement Loan?
Many people choose to take out home improvement loans so
they can give their house a new look before selling. Home
Improvement Loans can help you if you have been considering
doing some home improvements to your home and have now
decided to look for a loan to turn those home improvement
ideas into reality.
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.
What is a Capped
Mortgage?
A capped mortgage is a variable rate mortgage with a capped
limit beyond which the rate paid will not exceed. Mortgages
are available in a number of different interest rate
options, one of which is the capped rate.
How to Get a Cheap
Homeowner Loan
If you're looking for a cheap homeowner loan, you might be
wondering what you can do to reduce the amount that you
have to pay. The simplest answer lies in two things?
shopping around to find the lender that offers the lowest
interest rates on a cheap homeowner loan, and maximizing
the value of your loan against the equity in your home
that's being used as collateral.
Why Refinance Back into
a 30-Year Loan?
One of the biggest reasons homeowners refinance their
mortgage is to obtain a lower interest rate and lower
monthly payments. By refinancing, the borrower pays off
their existing mortgage and replaces it with a new one.
Understanding UK Bridging
Finance
Bridging finance, also referred to as "bridge loans" and
"bridging loans", have nothing at all to do with
re-constructing the London Bridge. Bridging finance is
typically a short-term loan that a business uses to supply
cash for a real estate transaction until permanent
financing can be arranged.
Fixed Rate or
Adjustable?
Fixed rate or adjustable rate mortgages are two choices of
mortgage loans that most lenders will offer you. Your
financial situation, how long you plan to live in the home,
the current interest rates, and what risks you are willing
to take is the best way to decide which loan makes the most
sense for you.
Stated Income Mortgage
Loan - Get Approved Online
A stated income or no doc mortgage loan allows individuals
with difficult to document income to buy a home. With a
documented credit score and reasonably stated income, you
can qualify for a mortgage at a slightly higher rate.
Where To Find The Best
Rates For Your Mortgage?
As with all of my articles this will be based on a scenario
in my home town. (Which may be similar to yours).
Mortgage After
Bankruptcy
Most people probably assume that obtaining a mortgage to
purchase a home, refinance or to consolidate debt after a
bankruptcy is out of the question. In fact, many people are
able to obtain these mortgage services, even 1 day after a
bankruptcy discharge in some cases.
Home Equity Loans -
Research Your Lender Carefully
Real estate prices are rising across the country, and
Americans are tapping into their home equity like never
before. Americans took out $431 billion in home equity
loans in 2004, and that amount may increase in 2005.
Guide to Home Equity
Loans
Here is a useful guide to home equity loans. A home equity
loan is quite simply a loan against your house.
Homeowner Loans -
Drawing Lessons of the Past
Loans are not of a recent origin. People used to take help
from others even at times when money was unseen and barter
was the mode of trade prevalent.
Jacksonville Florida
Real Estate Mortgage Home Loans - Get the Best Rate
Every time
There are hundreds of mortgage companies in the
Jacksonville real estate market. All claiming to have the
lowest rate and excellent customer service.
Home Mortgage Loans For
People With Bad Credit - 3 Ways To Improve Your Chances For
Getting Approved
Finding home mortgage loans are a reality for people with
bad credit. By tapping into online home loan resources, you
can find financing to buy a home.
|
used office furnishings-supplies-equipment-desks-cubicles-service-counters for
sale in Akron Ohio
Die cast model cars for sale in Akron Ohio
used cars for sale in Akron Ohio
unfurnished homes for
rent in Akron Ohio
| first second
ARM compare rates find the best rates current in your area lenders read reviews calculator adjustable rate loan home lenders brokers
quotes florida houston gmac washington interest only 2nd software debt consolidation
reverse senior equity texas maryland options lending bad credit
option one ameriquest chase first banks emc residential california miami dallas est branch marketing
home company commercial yahoo online bad credit low credit no credit |
|
