This revolutionary product is a good product for some, but the reality is that it may prove more costly to you over time.
Money Merge Accounts, or whatever else companies would like to call them, are good loan products for certain families. However, if you are a disciplined family and want increased safety and rate of return for the long run, these products will ultimately cost you considerably over time. A family who came to me to ask about these programs and if it was best for them ultimately realized they could do better.
This particular family is what I would call the ideal candidate for Money Merge Account programs and in fact the "simulator" that the company we use to offer this product shows that they would be able to pay off their mortgage in 6.9 years!!! That's phenomenal, right? If that remains to be their ultimate goal, then this product would pay off their loan the fastest, hands down according to the simulator.
However, if their goal is to build wealth over time, this loan program will actually cost them over $110,000 during the course of the next 30 years. Doesn't sound like much, does it? Who are you kidding; anybody would love to have an extra $100,000, wouldn't they?
How is this possible? They can achieve it through proper equity and debt management. Let's look at their exact scenario...
Estimated Home Value = $400,000
Current Mortgage = $196,000 with an $1100 P&I payment (4.875% 30 Year Fixed)
Income = $4,500 net per month
Monthly Expenses = $1,500 per month
Credit Cards = $20,000 ($600.00 per month @ 18%)
Auto Loan = $15,000 ($550.00 per month @ 5.5%)
Discretionary Money = $500.00 per month
When we look at the whole picture, and implement a properly integrated mortgage plan for this family, we find that we can do better. In fact, while it would take you a little longer to be able to pay off your mortgage, the power of compounding interest and not paying off the mortgage will result in $112,497 extra money.
Here is the recommended mortgage plan structure...
Cash-out refinance = $296,000 (30-year Fixed, Interest-Only @ 6.625%)
Pay Off Credit Cards and Auto Loan (same as MMA)
Setup Investment Account = $55,000 (remaining amount after refinance - earns 8%)
Tax Rate Used = 25% (Marginal Tax Rate may be higher for this couple)
Discretionary Money Used towards Investments (MMA uses towards mortgage payoff)
Using this mortgage plan and having the discipline to invest their savings, this couple would have accrued $2,580,662 in their investment account in 30 years. In comparison, using the MMA program and then investing the entire monthly amount into the investment account after the mortgage is paid off, the investment account would only grow to $2,172,165.
As you can see, even after paying off the mortgage in 30 years, the couple would have an extra $112,497 by using a proper mortgage planning strategy!!! Also, the point where they achieve true financial freedom, the point they could pay off their mortgage, is only delayed by 1.5 years.
Friday, May 18, 2007
Tuesday, May 15, 2007
Congratulations, You Have Taken Your First Step Toward True Financial Freedom.
We have Loans 4 U is not an ordinary mortgage company. We do not want to merely sell you a loan product. Instead, we want to be your partner in helping you realize your financial goals and dreams. We know that there is more involved in choosing a mortgage besides rates and fees.
Even the lowest rate on the wrong mortgage plan can be a mistake that costs you thousands of dollars!
In a recent study, the conclusion showed that the average American mis-consumes debt totaling $297,000 over their lifetime. For that reason, we believe that a mortgage is a financial instrument, much like an IRA or a 401(k). Your mortgage needs to be integrated into your short and long-term financial plans.
In fact, if the proper mortgage strategies are utilized, you can get out of debt faster, create additional reserves for future financial goals such as retirement or college savings plans for your children, reserves for emergencies, and have a more comfortable way of life.
Even the lowest rate on the wrong mortgage plan can be a mistake that costs you thousands of dollars!
In a recent study, the conclusion showed that the average American mis-consumes debt totaling $297,000 over their lifetime. For that reason, we believe that a mortgage is a financial instrument, much like an IRA or a 401(k). Your mortgage needs to be integrated into your short and long-term financial plans.
In fact, if the proper mortgage strategies are utilized, you can get out of debt faster, create additional reserves for future financial goals such as retirement or college savings plans for your children, reserves for emergencies, and have a more comfortable way of life.
You Are In Control
What would you do differently if you were able to free up cash?
Pay off high interest debt?
Increase your retirement savings?
Prepare for your children's education?
Prepare for a financial emergency?
What about being able to upgrade to your dream home?
Add to your real estate portfolio to further tap equity?
Whether you are refinancing, moving to a new home, or a buying your first home, seeking the guidance of a We Have Loans 4 U is crucial to your financial future. There are many who claim to be mortgage planners or know what is best, but professionals demonstrate their knowledge and their commitment to help you chose the right mortgage to achieve true financial freedom and enjoy life.
With our diversified portfolio of mortgages, the choice is yours.
What the experts are saying...
"Carrying a mortgage doesn't cause you to lose any money at all. In fact, just the opposite is true: carrying a mortgage is actually quite profitable. It's eliminating the mortgage that forces you to give up profitable opportunities.
If you have a mortgage and you're dreaming of the day when you make your final payment, you're trying to do something that financially successful people do not do."
- Ric Edelman: New York Times Best-Selling Author of Ordinary People, Extraordinary Wealth.
Stop Dreaming and Start Doing. Take the First Step on the road to true financial freedom today!
Call Today 1-718-407-6304
P.S. - Remembers, rates are still low and qualifying is easy. No matter what your situation, you owe it to yourself and your family to take advantage of this opportunity. We can get you loan with score as low as 500.
Pay off high interest debt?
Increase your retirement savings?
Prepare for your children's education?
Prepare for a financial emergency?
What about being able to upgrade to your dream home?
Add to your real estate portfolio to further tap equity?
Whether you are refinancing, moving to a new home, or a buying your first home, seeking the guidance of a We Have Loans 4 U is crucial to your financial future. There are many who claim to be mortgage planners or know what is best, but professionals demonstrate their knowledge and their commitment to help you chose the right mortgage to achieve true financial freedom and enjoy life.
With our diversified portfolio of mortgages, the choice is yours.
What the experts are saying...
"Carrying a mortgage doesn't cause you to lose any money at all. In fact, just the opposite is true: carrying a mortgage is actually quite profitable. It's eliminating the mortgage that forces you to give up profitable opportunities.
If you have a mortgage and you're dreaming of the day when you make your final payment, you're trying to do something that financially successful people do not do."
- Ric Edelman: New York Times Best-Selling Author of Ordinary People, Extraordinary Wealth.
Stop Dreaming and Start Doing. Take the First Step on the road to true financial freedom today!
Call Today 1-718-407-6304
P.S. - Remembers, rates are still low and qualifying is easy. No matter what your situation, you owe it to yourself and your family to take advantage of this opportunity. We can get you loan with score as low as 500.
The Moral of Our Story...
The Moral of Our Story...
"The Old Way of Thinking" can be devastating to your financial future.
You should never send extra money to your mortgage company. Instead, put that money to work for you.
Once you have all of the facts, it's easy to make the right decision.
People who understand how money works choose to carry a big, long mortgage and never pay it off.
How to win the money game
We Have Loans 4 U is one of Maryland's premier mortgage brokers, offering a diversified portfolio of revolutionary concepts and products designed to harness the power of your mortgage.
Allen Wu, Hai Nguyen and your truly, work together in We Have Loans 4 U, LLC. Two of us are Maryland, Washington D.C. and Virginia Certified Mortgage Planning Specialists and has become known as Proper Equity and Debt Management Experts.
We have loan 4 U can help you increase liquidity, safety, rate of return, cash flow, and tax deductions while minimizing interest expense and maximizing wealth accrual.
We do this by harnessing the power of compound interest to work for you, not against you.
Educating and empowering our homeowners is a way of life at Our company. We treat it as our ministry and a way we can give back to our community.
"The Old Way of Thinking" can be devastating to your financial future.
You should never send extra money to your mortgage company. Instead, put that money to work for you.
Once you have all of the facts, it's easy to make the right decision.
People who understand how money works choose to carry a big, long mortgage and never pay it off.
How to win the money game
We Have Loans 4 U is one of Maryland's premier mortgage brokers, offering a diversified portfolio of revolutionary concepts and products designed to harness the power of your mortgage.
Allen Wu, Hai Nguyen and your truly, work together in We Have Loans 4 U, LLC. Two of us are Maryland, Washington D.C. and Virginia Certified Mortgage Planning Specialists and has become known as Proper Equity and Debt Management Experts.
We have loan 4 U can help you increase liquidity, safety, rate of return, cash flow, and tax deductions while minimizing interest expense and maximizing wealth accrual.
We do this by harnessing the power of compound interest to work for you, not against you.
Educating and empowering our homeowners is a way of life at Our company. We treat it as our ministry and a way we can give back to our community.
A TALE OF TWO HOMEOWNERS
This story begins with two homeowners, each earning $70,000 a year. They each have $60,000 in savings, both are buying $300,000 homes, and they each have an extra $200 each month to contribute. (please see footnotes for explanation of hypotheticals)
HomeOwner "A"
Believes in the "Old" Way, paying off the mortgage as soon as possible.
* 15- year mortgage at 6.25% APR
* $60,000 big down payment
* $0 left to invest
* $2,058 monthly payment (57% is tax deductible/ 33% Average)
* $1,868 Average monthly net after tax cost
* Sends $200 monthly to lender in effort to eliminate mortgage sooner
HomeOwner "B"
Believes in the "New" Way, carrying a big, long mortgage and never paying it off.
* 30-year interest-only mortgage at 6.875% APR
* $15,000 small down payment
* $45,000 remaining to invest
* $1,633 monthly payment (100% is tax-deductible)
* $1,176 monthly net after-tax cost
* Adds $200 plus $692 saved from lower net mortgage payment, into investment account which earns 8% rate of return.
Who made the right decision?
HomeOwner "A"
Believes in the "Old" Way, paying off the mortgage as soon as possible.
Results After Just 5 Years...
* Received $18,116 in tax savings
* Has $0 in savings and investments
HomeOwner "B"
Believes in the "New" Way, carrying a big, long mortgage and never paying it off.
* Received $27,431 in tax savings
* Has $132,584 in savings and investments
What if both homeowners suddenly lose their jobs?
HomeOwner "A"
Believes in the "Old" Way, paying off the mortgage as soon as possible.
* Has no savings to get through the crisis
* Can't get a loan because he has no job, even though he has $115,769 more in equity
* Must sell his home or face foreclosure because he cannot make payments
* At this point, it's a fire sale, so he must sell at a discount, then pay real estate commissions (6-7%)
HomeOwner "B"
Believes in the "New" Way, carrying a big, long mortgage and never paying it off.
* Has $132,584 in savings to tide him over
* Doesn't need a loan
* Can easily make his mortgage payment even if he's unemployed for years
* Has no reason to panic since he is still in control - Remember...Cash is King!
HomeOwner "A", who never wanted a mortgage in the first place, is now in financial jeopardy because he was trying to pay off his mortgage the wrong way.
HomeOwner "A"
Believes in the "Old" Way, paying off the mortgage as soon as possible.
Results After 15 Years
* Received $30,961 in tax savings
* Has $60,485 in savings and investments
* Owns home outright
HomeOwner "B"
Believes in the "New" Way, carrying a big, long mortgage and never paying it off.
* Received $82,294 in tax savings
* Has $457,458 in savings and investments
* Has enough savings to pay off the mortgage balance of $285,000 and still have $172,458 left over.
Results After 30 Years
HomeOwner "A"
Believes in the "Old" Way, paying off the mortgage as soon as possible.
* Received $30,861 in tax savings
* Has $981,375 in savings and investments
* Pay Off home outright
Homeowner "B"
Believes in the "New" Way, carrying a big, long mortgage and never paying it off.
* Received $164,588 in tax savings
* Has $1,820,616 in savings and invesments
* Has enough in savings to pay off the mortgage balance of $285,000 and still have $1,535,616 left over and has decided to never pay off his mortgage!
Now...let me ask you which do you think is the right course of action - the "Old" Way or the "New" Way? Remember, HomeOwner B was able to increase his liquidity, rate of return, and tax deductions and accrued $554,241 more in wealth over the 30 years!
The above hypotheticals are for illustrative purposes only. Plans vary based on the needs and wants of the customer. The tax rate is based on 28% federal income tax only (Delaware does not have a state income tax). The investment account is asuming an 8% rate of return and actual rate of return may vary based on type of investment selected.
Want to learn more? call 410-553-2121
HomeOwner "A"
Believes in the "Old" Way, paying off the mortgage as soon as possible.
* 15- year mortgage at 6.25% APR
* $60,000 big down payment
* $0 left to invest
* $2,058 monthly payment (57% is tax deductible/ 33% Average)
* $1,868 Average monthly net after tax cost
* Sends $200 monthly to lender in effort to eliminate mortgage sooner
HomeOwner "B"
Believes in the "New" Way, carrying a big, long mortgage and never paying it off.
* 30-year interest-only mortgage at 6.875% APR
* $15,000 small down payment
* $45,000 remaining to invest
* $1,633 monthly payment (100% is tax-deductible)
* $1,176 monthly net after-tax cost
* Adds $200 plus $692 saved from lower net mortgage payment, into investment account which earns 8% rate of return.
Who made the right decision?
HomeOwner "A"
Believes in the "Old" Way, paying off the mortgage as soon as possible.
Results After Just 5 Years...
* Received $18,116 in tax savings
* Has $0 in savings and investments
HomeOwner "B"
Believes in the "New" Way, carrying a big, long mortgage and never paying it off.
* Received $27,431 in tax savings
* Has $132,584 in savings and investments
What if both homeowners suddenly lose their jobs?
HomeOwner "A"
Believes in the "Old" Way, paying off the mortgage as soon as possible.
* Has no savings to get through the crisis
* Can't get a loan because he has no job, even though he has $115,769 more in equity
* Must sell his home or face foreclosure because he cannot make payments
* At this point, it's a fire sale, so he must sell at a discount, then pay real estate commissions (6-7%)
HomeOwner "B"
Believes in the "New" Way, carrying a big, long mortgage and never paying it off.
* Has $132,584 in savings to tide him over
* Doesn't need a loan
* Can easily make his mortgage payment even if he's unemployed for years
* Has no reason to panic since he is still in control - Remember...Cash is King!
HomeOwner "A", who never wanted a mortgage in the first place, is now in financial jeopardy because he was trying to pay off his mortgage the wrong way.
HomeOwner "A"
Believes in the "Old" Way, paying off the mortgage as soon as possible.
Results After 15 Years
* Received $30,961 in tax savings
* Has $60,485 in savings and investments
* Owns home outright
HomeOwner "B"
Believes in the "New" Way, carrying a big, long mortgage and never paying it off.
* Received $82,294 in tax savings
* Has $457,458 in savings and investments
* Has enough savings to pay off the mortgage balance of $285,000 and still have $172,458 left over.
Results After 30 Years
HomeOwner "A"
Believes in the "Old" Way, paying off the mortgage as soon as possible.
* Received $30,861 in tax savings
* Has $981,375 in savings and investments
* Pay Off home outright
Homeowner "B"
Believes in the "New" Way, carrying a big, long mortgage and never paying it off.
* Received $164,588 in tax savings
* Has $1,820,616 in savings and invesments
* Has enough in savings to pay off the mortgage balance of $285,000 and still have $1,535,616 left over and has decided to never pay off his mortgage!
Now...let me ask you which do you think is the right course of action - the "Old" Way or the "New" Way? Remember, HomeOwner B was able to increase his liquidity, rate of return, and tax deductions and accrued $554,241 more in wealth over the 30 years!
The above hypotheticals are for illustrative purposes only. Plans vary based on the needs and wants of the customer. The tax rate is based on 28% federal income tax only (Delaware does not have a state income tax). The investment account is asuming an 8% rate of return and actual rate of return may vary based on type of investment selected.
Want to learn more? call 410-553-2121
The Truth About Money
Here are 5 great reasons to carry a big, long mortgage, and never pay it off...
Reason #1: Mortgages do not lower home values.
Your House will increase (or decrease) in value whether or not you have a mortgage. In fact, most people discover that, over time, their mortgage balance falls while their home value rises - creating substantial wealth they never expected.
Reason #2: Your mortgage is the cheapest money you'll ever buy.
Most people need to borrow money during their lives, so why pay 18% to credit cards when you can borrow at rates of 8% or even less?
Reason #3: Your mortgage is the best way you can lower your taxes.
Interest you pay on personal loans, auto loans, and credit cards is not tax-deductible, but for most of us, interest you pay on mortgage loans is fully tax deductible, making the cheapest loan you'll ever get, even cheaper. Imagine borrowing money for a net cost of just 5%. You can do it with a mortgage loan!
Reason #4: Get the cash out of the house now, while you still can.
The main reason people turn to borrowing is because they have little or no income. But if you ever suffer a job loss, major medical or other financial crisis, you could find yourself unable to get a home loan. That's because lender's don't like to lend money if you are already in financial difficulty. That's why you should get a big mortgage now, before you need it - and while you still can.
Reason #5: Your mortgage becomes even cheaper over time.
Depending on the loan you choose, your payment never rises - but your income likely will. That means today's mortgage payment becomes increasingly easy to pay over time!
The rules of money have changed and nowhere is that more evident than with mortgages. To Build your Wealth call 410-553-2121 and leave a message for Alexander Great
Reason #1: Mortgages do not lower home values.
Your House will increase (or decrease) in value whether or not you have a mortgage. In fact, most people discover that, over time, their mortgage balance falls while their home value rises - creating substantial wealth they never expected.
Reason #2: Your mortgage is the cheapest money you'll ever buy.
Most people need to borrow money during their lives, so why pay 18% to credit cards when you can borrow at rates of 8% or even less?
Reason #3: Your mortgage is the best way you can lower your taxes.
Interest you pay on personal loans, auto loans, and credit cards is not tax-deductible, but for most of us, interest you pay on mortgage loans is fully tax deductible, making the cheapest loan you'll ever get, even cheaper. Imagine borrowing money for a net cost of just 5%. You can do it with a mortgage loan!
Reason #4: Get the cash out of the house now, while you still can.
The main reason people turn to borrowing is because they have little or no income. But if you ever suffer a job loss, major medical or other financial crisis, you could find yourself unable to get a home loan. That's because lender's don't like to lend money if you are already in financial difficulty. That's why you should get a big mortgage now, before you need it - and while you still can.
Reason #5: Your mortgage becomes even cheaper over time.
Depending on the loan you choose, your payment never rises - but your income likely will. That means today's mortgage payment becomes increasingly easy to pay over time!
The rules of money have changed and nowhere is that more evident than with mortgages. To Build your Wealth call 410-553-2121 and leave a message for Alexander Great
Harness The Power Of Your Mortgage And Put More Money In Your Pocket
Let look at paradigm shift in thinking:
The "Old" Way of thinking...
First, get the lowest rate mortgage...
Then, start a bi-weekly payment plan...
And send in extra money whenever possible to reduce the principal balance...
This Depression Era mindset has been burned into the American psyche. Is it possible this is destroying your ability to achieve true financial freedom?
The New Rules of Money...
"You should get a big, 30 year mortgage and never pay it off." - Ric Edelman - New York Times Best-Selling Author of the New Rules of Money
The "New" Way of thinking...
Choose the best mortgage, not necessarily the one with the lowest rate...
Stay away from bi-weekly mortgage plans...
Never send extra money to your mortgage company...
Paying off your loan is like burying money in your backyard.
Your goal is to make the smallest payment with the biggest tax break possible. That means never paying off your mortgage.
To understand why, discover the Truth About Money by calling 410-553-2121
The "Old" Way of thinking...
First, get the lowest rate mortgage...
Then, start a bi-weekly payment plan...
And send in extra money whenever possible to reduce the principal balance...
This Depression Era mindset has been burned into the American psyche. Is it possible this is destroying your ability to achieve true financial freedom?
The New Rules of Money...
"You should get a big, 30 year mortgage and never pay it off." - Ric Edelman - New York Times Best-Selling Author of the New Rules of Money
The "New" Way of thinking...
Choose the best mortgage, not necessarily the one with the lowest rate...
Stay away from bi-weekly mortgage plans...
Never send extra money to your mortgage company...
Paying off your loan is like burying money in your backyard.
Your goal is to make the smallest payment with the biggest tax break possible. That means never paying off your mortgage.
To understand why, discover the Truth About Money by calling 410-553-2121
IF YOU HAD ENOUGH MONEY TO PAY OFF YOUR MORTGAGE RIGHT NOW, WOULD YOU? DOES IT REALLY MAKE SENSE?
Dear Friend,
Many people would. In fact, the 'American Dream' is to own your own home and to own it outright, with no mortgage.
Many people believe they must get the lowest rate mortgage, then start a bi-weekly mortgage plan, and send in additional money whenever possible to eliminate the mortgage as quickly as possible.
But, could it be this is exactly what you should not be doing?
If the American Dream is so wonderful, how can we explain the fact that thousands of financially successful people, who have more than enough money to pay off their mortgage, refuse to do so.
In other words, if you are attempting to pay off your mortgage as quickly as possible, you are doing something that financially successful people do not do.
How Much Money Would You Deposit in the Following Investment Account?
1. The customer can pay more than the minimum monthly contributions, but not less.
2. If the customer attempts to pay less, the financial institution keeps all previous contributions.
3. Each contribution made to the account results in less safety.
4. The money in the account is not liquid.
5. The money in the account earns a 0% rate of return.
6. The customer's income tax liability increases with each contribution.
7. When the plan is fully funded, there is no income paid out.
What is this investment? Most of you probably have this investment and do not even know it when presented in this fashion. Some of you may have guessed already, it is your Home's Equity.
Would you like to know a better way to pay off your home?
Would you like to increase your cash flow?
Would you like to learn why you may never want to pay off your mortgage?
Here is an example...
If you pay cash for a $100,000 home, you are saving yourself from the burden of paying a mortgage at a particular interest rate (let's say 6.5%). By doing this, you lose the opportunity to invest that cash in another investment vehicle. We do have SAFE Investment vehicle for you to that will bring you an 8-12% rate of return tax-free.
How much is the lost opportunity costing you?
Let's look at the real cost of paying off the mortgage and we will keep it to percentages for simplicity.
We will say you are a fairly typical person who lives in Maryland, so you are in the 28% tax bracket.
The cost of the mortgage is actually only 4.68% (6.5% - 28% tax deduction). So, when you look at the real cost of paying cash for a home in this example, you find that it is 3.32%.
Not much when expressed in a percentage, but if we look at the long term and base it on a $100,000 investment, you see that cost (3.32% rate of return over time) will be $270,370.95 over 30 years!
Could you use an extra $270,370.95?
Remember, that is only based on a $100,000 home and the average middle class Maryland home is $400,000 which the cost becomes $1,081,483.82!
Would you be upset if you had an extra $1,081,483.82 when you retired?
We know, you probably do not have the cash to pay for a home outright, so this doesn't work for you.
Well, what if we could show you how to create this type of wealth without changing the way you live right now? Would that interest you?
Since you need to borrow money during the course of your lifetime, doesn't it make sense to borrow the money as inexpensively as possible?
You should avoid high-interest, nondeductible debt such as credit cards, auto loans, and personal loans. Instead choose the better way...
Call 1-718-407-6304 and say Alexander Great send you
Many people would. In fact, the 'American Dream' is to own your own home and to own it outright, with no mortgage.
Many people believe they must get the lowest rate mortgage, then start a bi-weekly mortgage plan, and send in additional money whenever possible to eliminate the mortgage as quickly as possible.
But, could it be this is exactly what you should not be doing?
If the American Dream is so wonderful, how can we explain the fact that thousands of financially successful people, who have more than enough money to pay off their mortgage, refuse to do so.
In other words, if you are attempting to pay off your mortgage as quickly as possible, you are doing something that financially successful people do not do.
How Much Money Would You Deposit in the Following Investment Account?
1. The customer can pay more than the minimum monthly contributions, but not less.
2. If the customer attempts to pay less, the financial institution keeps all previous contributions.
3. Each contribution made to the account results in less safety.
4. The money in the account is not liquid.
5. The money in the account earns a 0% rate of return.
6. The customer's income tax liability increases with each contribution.
7. When the plan is fully funded, there is no income paid out.
What is this investment? Most of you probably have this investment and do not even know it when presented in this fashion. Some of you may have guessed already, it is your Home's Equity.
Would you like to know a better way to pay off your home?
Would you like to increase your cash flow?
Would you like to learn why you may never want to pay off your mortgage?
Here is an example...
If you pay cash for a $100,000 home, you are saving yourself from the burden of paying a mortgage at a particular interest rate (let's say 6.5%). By doing this, you lose the opportunity to invest that cash in another investment vehicle. We do have SAFE Investment vehicle for you to that will bring you an 8-12% rate of return tax-free.
How much is the lost opportunity costing you?
Let's look at the real cost of paying off the mortgage and we will keep it to percentages for simplicity.
We will say you are a fairly typical person who lives in Maryland, so you are in the 28% tax bracket.
The cost of the mortgage is actually only 4.68% (6.5% - 28% tax deduction). So, when you look at the real cost of paying cash for a home in this example, you find that it is 3.32%.
Not much when expressed in a percentage, but if we look at the long term and base it on a $100,000 investment, you see that cost (3.32% rate of return over time) will be $270,370.95 over 30 years!
Could you use an extra $270,370.95?
Remember, that is only based on a $100,000 home and the average middle class Maryland home is $400,000 which the cost becomes $1,081,483.82!
Would you be upset if you had an extra $1,081,483.82 when you retired?
We know, you probably do not have the cash to pay for a home outright, so this doesn't work for you.
Well, what if we could show you how to create this type of wealth without changing the way you live right now? Would that interest you?
Since you need to borrow money during the course of your lifetime, doesn't it make sense to borrow the money as inexpensively as possible?
You should avoid high-interest, nondeductible debt such as credit cards, auto loans, and personal loans. Instead choose the better way...
Call 1-718-407-6304 and say Alexander Great send you
Make $1.3M Without Spending an Extra Penny!
Make $1.3M Without Spending an Extra Penny! Sound To Good To Be True? Read On…
Yes, I think outside the box because I personally work with Multi-Millionaires and Wealthy People who use these strategies Day In and Day Out. I understand that you all, probably, hungered for more examples of how the proper integration of your mortgage into your financial plan can put your financial plan on steroids. Here is an example of another actual client and the plan they are following now that doesn't cause them to change their budget by even one cent!
Bear with me as I will show you how it works…
Current Situation:
Mortgage Balance = $245,729 Payment $1,365
Tax Deductions $280
Just Screwed Car Loan = $18,131 Payment $428
Tax Deductions $0
L E Mon Used Car Loan = $5,532 Payment $282
Tax Deductions $0
Credit Card = $8,250 Payment $165
Tax Deductions $0 (payment is minimum due)
Savings I- All Retirement Accounts $110K, (no liquid accounts - no emergency funds)
What we did was refinance the entire loan and took additional cash out so the result was:
New Mortgage (30 Year IO)= $395,000 Payment $2,140
Tax Deductions $599
(net monthly savings of $421)
Immediately placed $102,358 in investment grade life insurance (actually over 4 years to meet TEFRA, DEFRA, and TAMRA limits) which planned net rate of return is 6%.
The $420 in savings will be added to the life insurance.
This results in the set up of their personal banking system of over $100,000 immediately and growing tax free, accessible whenever they want, and carries a freebie death benefit.
They were around thirty years old when they started, so they actually have more than 30 years to retirement.
But here are the projections 30 years down the road...
Insurance Contract Balance = $1,038,355
Mortgage Balance = $ 395,000
Net Gain by putting mortgage to work as part of their plan is $643,355!!
Keep in mind that they are
(1) not paying any additional money besides their current expenditures,
(2) have immediate liquidity, safety, and increased rates of return, and
(3) have less stress knowing that if an emergency occurs, or an impassable opportunity arises, they have access to a large sum of money very quickly.
This was based on a very conservative net rate of return of 6%.
Based on the past several years, the average rate of return for this type of insurance contract is close to 8%, which would result in an additional $706,955, a net total of $1.3M!
You may be sitting on a gold mine in your home that you didn't realize you could use this way.
Call Today to learn How we can do this for Your Home 410-356-6664
Yes, I think outside the box because I personally work with Multi-Millionaires and Wealthy People who use these strategies Day In and Day Out. I understand that you all, probably, hungered for more examples of how the proper integration of your mortgage into your financial plan can put your financial plan on steroids. Here is an example of another actual client and the plan they are following now that doesn't cause them to change their budget by even one cent!
Bear with me as I will show you how it works…
Current Situation:
Mortgage Balance = $245,729 Payment $1,365
Tax Deductions $280
Just Screwed Car Loan = $18,131 Payment $428
Tax Deductions $0
L E Mon Used Car Loan = $5,532 Payment $282
Tax Deductions $0
Credit Card = $8,250 Payment $165
Tax Deductions $0 (payment is minimum due)
Savings I- All Retirement Accounts $110K, (no liquid accounts - no emergency funds)
What we did was refinance the entire loan and took additional cash out so the result was:
New Mortgage (30 Year IO)= $395,000 Payment $2,140
Tax Deductions $599
(net monthly savings of $421)
Immediately placed $102,358 in investment grade life insurance (actually over 4 years to meet TEFRA, DEFRA, and TAMRA limits) which planned net rate of return is 6%.
The $420 in savings will be added to the life insurance.
This results in the set up of their personal banking system of over $100,000 immediately and growing tax free, accessible whenever they want, and carries a freebie death benefit.
They were around thirty years old when they started, so they actually have more than 30 years to retirement.
But here are the projections 30 years down the road...
Insurance Contract Balance = $1,038,355
Mortgage Balance = $ 395,000
Net Gain by putting mortgage to work as part of their plan is $643,355!!
Keep in mind that they are
(1) not paying any additional money besides their current expenditures,
(2) have immediate liquidity, safety, and increased rates of return, and
(3) have less stress knowing that if an emergency occurs, or an impassable opportunity arises, they have access to a large sum of money very quickly.
This was based on a very conservative net rate of return of 6%.
Based on the past several years, the average rate of return for this type of insurance contract is close to 8%, which would result in an additional $706,955, a net total of $1.3M!
You may be sitting on a gold mine in your home that you didn't realize you could use this way.
Call Today to learn How we can do this for Your Home 410-356-6664
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