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