As a professional in real estate, our call is not just to find the dream homes for our clients because many out there can do that. Our goal is to help our clients build their countable financial future by diversifying their investments to include the real estate into their portfolio.
Many people have misunderstandings regarding their home mortgages. They thought it is more secure to pay it off free and clear as early as possible. Maybe this is stemed from their traditional mindset, or from their parents...etc. While this MIGHT be true many years ago, yet it is no longer the case NOW.
Think about your retirement plans as an example. What income streams can you count on? Social Security income? Pension plan? Yes - you may have the incomes from these sources. However, could they maintain the lifestyle that you want to have when you retire? The answer is probably a BIG " NO" !
So what can we do? What are the solutions? You may ask. As a diligent individual who works hard for your living, your future, your family..., you should have a different view of how to build your wealth on your equity. There are 2 major paradigm shifts that YOU have to shift:
- Old thinking - Mortgage is the largest debt that you'll ever have & Own your own home free and clear is the best solutions. New thinking - Use mortgage as a investment tool to move real estate, to move cash. It is not a permanent fixture but a tool to help you realize your financial dream.
- We will never be able to pay off our first home mortgage; yet will be able to pay off our second, third... investment properties!!
Once you have these 2 paradigm shifts, you are transcendent above all the media clouds, and be able to cut thru these NOISES to seize the right properties and start diversifying your investment portfolio. Historically the interest rate and the property values go in opposite direction. When the rate is up, the property value is down; when the interest rate is down, the property value is up. However, the current market is that interest rate is "Low" and property value is also "Low" . In addition to this, you have much more selections right now. What are you waiting? This is "Perfect Storm"! A perfect storm great for first time buyers, and savvy investors.
One more food for thought : What kind of mortgage that former Fed Chairman Alan Greenspan has now? and current Chairman, Ben Bernanke, has now? You bet! Adjustable mortgage. They know how to use mortgage as a TOOL to build their wealth on their equity.
For more FREE information or consultation, please feel free to email me at jobechien@helpusell.com.
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