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"Discover How To Harness The Power Of Your Home Mortgage To Create Wealth And Residual Income" Learn About The New Rules Of Money And How To Use The Correct Mortgage To Create Wealth For You And Your Family. RE: From the desk of Reginald Sinevet regarding the creation of wealth and residual income using the money you are already spending on your mortgage. As you can see, this is a business opportunity that leverages ones mortgage to create wealth. But first, we have to look at the different ways most people think about their mortgage. The Old Way of Thinking:
And, send in additional money whenever possible to reduce the principal balance... But, is it possible this is exactly what you should NOT be doing?
The rules have changed. Now...
Your Goal Is To Make The Smallest Payment With The Biggest Tax-break Possible. 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 less then 5%1 You can do it with a mortgage loan! Reason #4: Get the cash out of the house - 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 lenders 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 - 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 true than with mortgages.
This information is directly from the award winning author and financial expert, Ric Edelman. |