Independence Is About Having Options

We define "Mortgage Independence Day" differently than your parents or grandparents did.  Rather than having your loan paid in full, we prefer to identify "Mortgage Independence Day" as the day when you have enough money , IN A SEPARATE ACCOUNT, to pay off the home loan...IF THAT IS WHAT YOU CHOOSE TO DO.  We think that lots of cash in the bank (or investments) is the ultimate form of independence.  

It appears that our mantra of equity splitting and investing for your future is catching on.  The New York Times ran an article about Baby Boomers who are rejecting the traditional Boomer Economics model for our Asset Optimization Strategy.

CLICK HERE FOR THE FULL STORY AND NEW YORK TIMES ARTICLE 

 
Posted by Brian Brady- America's #1 Mortgage Broker on 07/03/2007 11:09 AM   Comments (5)  

5 Comments on Independence Is About Having Options

Back in the dark days of Jimmy Carter, I had an 8% mortgage.  Mortgage rates in 1981 were sky high and the bank tried desparately to get me to refinance out of that loan.  I belive I got the last 8% loan around in 1976.  As soon as Carter got in office, rates skyrocketed. 

The bank offered to refinance me to a 4.5% loan if I would agree to reduce to term to a 15 year am.

I would have taken them up on it if I had been planning on keeping that property.

Interesting. 

07/03/2007 11:42 AM by Lenn Harley, Homefinders.com, MD & VA Real Estate

Brian - Great point - and tangentially - I heard that the wire arrived in the appropriate account yesterday.  Seems like another win-win for Buyer and Seller courtesy of America's Most Opinionated Mortgage Broker ! Thanks for all your stellar efforts on this transaction!

07/03/2007 01:01 PM by Tony Marriott, Associate Broker, CRP, CLHMS, CRB, CRS ~~ Phoenix Arizona (Keller Williams Realty Professional Partners)

Mortgage money is still cheap, cheap, cheap!!!

If you can put extra in stocks instead of mortgage, you would probably come out a winner

 

07/03/2007 01:37 PM by Tom Burris | Texas Home Loan Expert (DallasLoanGuy.com)

Brian,

 

Have a great fourth!

Bill

 

07/04/2007 12:17 AM by William J Archambault Jr (The Real Estate Investment Institute )

Brian,

Thanks for the post. I am in total agreement, it is all about the options! Have a great 4th.

07/04/2007 03:50 PM by William Collins, Broker Associate (ERA Queen City Realty)

Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Mortgage Company: America's #1 Mortgage Broker
Brian Brady- America's #1 Mortgage Broker
San Diego, CA
More about me…
America's #1 Mortgage Broker

Office Phone: (858) 777-9751
Email Me

Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find CA real estate agents and San Diego real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved