To Retirees Who Dream To Be Mortgage Free For Life But Unable To Get Started
Are you planning to retire but still have a huge mortgage payment in retirement?
Do you Really Know What You Should Do Next?
Most of us get our financial cues from the media or an advisor if we are lucky to have one. Our understanding of financial information for our specific investments is most times limited to the information sent to us by our employers.
Do you consider yourself an investment expert?
If not, it is not your fault. We are good at earning money and cant be specialists at everything. Thats why we pay fees to the stock market specialist to help manage our money.
Without a clear goal and objectives you are bound to lose your money even if you are managing your own money or having a specialist manage your nest egg.
If you want to build your net worth rapidly with an investment you can understand fairly well and control, then real estate is still one of the best investments you can make. And even if your home value falls there is no loss to you and if you hold this for a long time the value will increase again and you get back all your gains.
What Happens When Your Mortgage Is Paid Off Early
We are naturally forced into believing that we have to pay off our mortgages over 30 years or longer and thats just the way it is meant to be. But do you know using a system like mortgage free for life can speed up the process, without changing your lifestyle?
Spending more of your paycheck each month on your mortgage is one way of paying off your mortgage faster.
But that means not having extra cash to invest or spend.
Are you in a position right now to spend more money each month to pay off your mortgage?
And dont neglect your investments
Wise investments can produce great returns over the long run and can provide a better return than paying off your mortgage. But do you know you can actually pay off your mortgage faster without spending more or changing your lifestyle and reap the rewards of being mortgage free for life?
Accelerate Your Mortgage Payoff
Paying off your mortgage in under half the time is easily achieved by using the mortgage free for life system.
The mortgage acceleration process addresses the fact that banks and lending institutions front load your loans with interest rates, very high interests rates in some cases.
By using accelerated mortgage principles, you harness the power of paying less interest. Paying less interest means paying off your debt more quickly and becoming Mortgage Free for Life.
The best way to find out if the mortgage acceleration program would work for your situation is to use a mortgage acceleration calculator. Just plug in the numbers and see how fast you can slash years of your mortgage.
And here is the real secret behind the mortgage acceleration program
A HELOC (Home Equity Line of Credit) is the secret to pay off your mortgage and living mortgage free for life.
In todays market, the HELOC is at the lowest rate it has ever been and at a historic 55 year low. So when you use the HELOC which is lower that your mortgage as a checking account, you end up paying your mortgage at a rapid speed all without changing your lifestyle
You may be tempted to refinance your mortgage to drop your monthly payments. It makes sense to do so when your mortgage rates have dropped. By refinancing it does not make any difference to the term of the mortgage. The mortgage has to be repaid.
Take Control of Your Finances
Think of what you could do if your mortgage payment was eliminated. Putting your kids through college would be a lot less expensive—you wouldn’t necessarily need loans to do it.
An easy way to earn a stream on monthly passive income is to use the equity in your home to fund the down payment of an investment property. The rental you could earn from the property could be used to pay the mortgage on this investment home and the extra could be passive income in your pocket.
Remember, always invest in your home with Mortgage Free for Life. It is the safest investment there is from saving thousands in unnecessary interest payments to the bank.
More Wise To Rent Or Have A Mortgage? – Twitter Question
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IN THIS VIDEO: Dave Ramsey, The Dave Ramsey Show, Financial Peace University, FPU, The Total Money Makeover, budget, envelope system, emergency fund, baby steps, radio show, debt freedom, EntreLeadership, mortgage, ELP, daveramsey.com, money, finance, economy, investing, saving, retirement, cash, mutual fund, stock market, business, leadership, credit, drtlgi
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