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equity maximization: Money Merge Accounts: More Misleading Information - 05/20/09 10:12 AM
It is hard to believe that I have been talking about these programs for more than two years now, bringing to light the misleading, even false, information presented by the Money Merge Account sellers. Don’t get me wrong, these bits of misinformation spread out on occasion to other mortgage acceleration product sellers, but the United First Financial (UFF) agents are the worst offenders from what I have seen thus far. The company even encouraged the presentation of skewed realities at the beginning, and I suspect they still do in a “non-public” fashion as they allow agents to continue spreading the crap, … (3 comments)
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equity maximization: Planning to Retire a Few Years Later? - 11/10/06 09:08 PM
Most financial planners will lead you to believe that your only hope of being able to retire is to delay your retirement a few years in order to gain full social security benefits. The extra time also allows your 401(k), IRA, or other retirement investments to grow more. They will tell you that it is prudent to pay off your debts, including your mortgage, prior to retirement and extra time helps accomplish this as well. But could there be a better way to retire and possibly avoid extra work years?
When you properly manage your home's equity, it is possible to achieve … (4 comments)
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equity maximization: How Much Money Would You Deposit in this Investment? - 10/31/06 09:48 PM
Many Americans have been maximizing their contributions to this investment and don't even know it. Additionally, the ones that realize they are doing it, don't realize the truth!
So, I ask you, how much money would you put into this investment?
The customer determines the amount and length of time for monthly contributionsThe customer can pay more than the minimum monthly contributions, but never less.If the customer pays less, the financial institution keeps all previous contributions.The money depostied in the account is not safe from loss of principal.Each contribution to the account results in less safety.The money in the account is not liquid.The … (4 comments)
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equity maximization: Top 10 Home Equity (and mortgage) "Myth Conceptions" - 10/24/06 04:20 PM
Ok, keeping in line with the format of Top Ten Lists, I decided to share some common misconceptions about our home's equity and mortgages. Here they are...
#10 - When a married couple sells their home, they are required to use the cash proceeds to purchase a new home in order to receive the $500,000 capital gains allowance (tax write off). This is not true, in fact you are not required to put even one penny towards the new home purchase. You can pocket the gains and set up a new mortgage on the new home. I recommend this strategy when switching homes to maximize … (4 comments)
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equity maximization: Exotic Loans Being Mistreated... - 10/22/06 09:10 PM
This topic seems to be hot and rather than post comments on others blogs, I decided just to post an article I wrote a while back and released via PRWeb. I titled the article Are Interest-Only, Option ARMs, and other "Exotic" Loans Really any Riskier than Fixed Rate Loans? Here is the article...
The National Association or Realtors (NAR) and other organizations have issued warnings against these types of loans. It is true that many consumers have misused them and that many mortgage brokers have sold homeowners these types of loans that really shouldn’t be using them. But are they just getting … (2 comments)
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equity maximization: Make $1.3M Without Spending an Extra Penny! - 10/19/06 09:24 PM
OK, chances are by now that you know I think outside the box. After seeing the comments (many thanks to those of you who did comment) it seemed to me that you all 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 try to show this and I still don't know how to input a table...
Current … (6 comments)
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equity maximization: Become a Banker! - Well not literally... - 10/16/06 10:11 AM
According to R. Nelson Nash, author of Becoming Your Own Banker, The Infinite Banking Concept, the average American is losing 35% of their net income to interest paid on various loans (auto, home, credit cards, etc.). Even if a person saves 10% of their income, they still have a 3.5 to 1 ratio of interest paid to savings.
This is probably the main reason why many Americans never achieve financial success. Rather than fighting to obtain a higher rate of return on their savings and investments, it might make more sense to change the environment in which their money operates and capture … (4 comments)
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Robert D. Ashby
Miramar,
FL
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Address: 11758 SW 26th CT, Miramar, FL, 33025
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