christian mortgage: The $25,000 Mistake caused by the "Myth-Conception" of Mortgages - 10/11/06 09:20 PM
Let's take a look at costly misperceptions held by millions of Americans.
Most people believe making extra principal payments on their mortgages saves them money. Most believe mortgage interest is an expense that should be eliminated as soon as possible. Most believe home equity has a rate of return and enhances their net worth. Some homeowners are lured into thinking that bi-weekly payment plans are the answer. Others rely on a 15-year mortgage with higher monthly payments rather than a 30-year term. In actuality, such methods are not the wisest ways to accomplish a "free and clear" home. Through proper mortgage planning, … (40 comments)
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christian mortgage: Fed Releases New Study on Paying Off Your Mortgage - 10/04/06 09:54 PM
The fed is finally starting to realize what we have been teaching for years, that properly integrating your mortgage into your financial plan is a powerful way to supercharge yourself to financial freedom. They conducted a study to determine whether it is better to payoff your mortgage or instead invest your money in a tax deferred retirement account. The answer will not surprise you, as you've heard me talk about the benefits of using your mortgage as a financial tool for quite some time.
Here are a few key points derived from the study:
We show that a significant number of households … (7 comments)
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christian mortgage: Florida Mortgage Company Dedicates Portion of Earnings to Clients’ Choice of Charities - 09/27/06 07:56 AM
Solid Rock Mortgage is leading the way in community involvement by giving 10% of its gross compensation to worthy charities and churches. They have gone one step further and allowed their clients to decide which charity receives the portion from their loan.
“I don’t know how many mortgage companies are giving back to their communities, but I do hope more companies will follow what we started”, says Mr. Robert D. Ashby, the company’s President. He goes on to state that since Solid Rock Mortgage is based on Christian values, he prefers to give the money to the clients’ church or … (0 comments)
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