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mortgage wealth: Reason #9--Long term mortgages = more wealth creation - 01/28/09 11:17 AM
Ask yourself the following question: "Do I want to pay off debt or do I want to build wealth?"
I know, I know...there's A LOT of fluff out there in the world today about paying off your debt to become wealthy.  We've covered several ideas in the "Top 10 reason's to use your mortgage to create wealth" series, but there are still two more.  Some of the leading, self proclaimed, financial guru's will tell you that paying off all of your debt is the only way to be truly happy. 
Understand one important point: Being debt free does not necessarily mean you are … (0 comments)

mortgage wealth: Reason #6--Your income grows over time...your mortgage doesn't! - 12/10/08 12:45 PM
Another benefit of using your mortgage to create wealth is that it should (theoretically, I suppose) get easier over time to make the payments. Why?  For the average American, ones gross yearly income typically increase over time.  (Obviously, there are exceptions to the rule).
It can even get fun!  I hear stories about how my father was barely able to afford his first house and it cost him a grand total of $50,000.  He had mortgage payments of about $350 dollars per month and they way he tells me, "his parents thought this was absurd". 
"How in the world could he afford this … (2 comments)

 

Jeff Trevarthen

Campbell, CA

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Accessbanc Mortgage

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