refinancning: Turn the market around by teaching financial literacy.
- 05/10/07 03:04 AM
Most of the people I deal with on a day to day basis are house rich and cash poor. They have little to nothing in their savings accounts and little hope for retirement. They are taught by their parents to buy a home and do whatever it takes to pay it off and secure their future. People do this with good intentions but fail to realize that all of their money is tied up in their real estate. The only way to access their retirement money is to either sell their property or take on a mortgage and an added monthly expense. … (1 comments)
Most of the people I deal with on a day to day basis are house rich and cash poor. They have little to nothing in their savings accounts and little hope for retirement. They are taught by their parents to buy a home and do whatever it takes to pay it off and secure their future. People do this with good intentions but fail to realize that all of their money is tied up in their real estate. The only way to access their retirement money is to either sell their property or take on a mortgage and an added monthly expense. … (1 comments)
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