Real estate blog entries tagged with mortgage advice by Kirk Williams (Private Venture Capital )

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Home : Blogs : Kirk Williams : Kirk's Blog, star date 0711.08 : Tag "mortgage advice"

mortgage advice: Should You Leverage Your Home or Pay it Down Rapidly? - 02/14/09 11:57 PM

There is a great debate within the inner-mortgage circles these days. Should we, as loan professionals, encourage clients to borrow as much money as possible? Or would consumers benefit more if we helped them to understand the advantages of 15-year amortization schedules and pre-paying principal? Let's examine the pros and cons of both strategies.
Leveraging Your Property. In order to understand why you'd want to borrow as much as possible for your home purchase, you must first grasp the concept that equity has a zero rate of return. Here's an example: If Consumer "A" buys a home for $300,000, and puts 20% … (3 comments)

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Kirk Williams

Everett, WA

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