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Too much liablity? Why pay double for a house over 15-30 years?

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Mortgage and Lending with Mortgage Debt Freedom

Bad Business Sense : Yes or No?
Buy a house for $200,000 dollars and pay an additional $230,000 dollars over the next 30
years = over $430,000 before you own it? (Your just renting for 360 months)
The average Money Merge Account customer will pay off their debts off 100%, in 1/2 to 1/3 the time. Saving them tens of thousands, possibly hundreds of thousands of dollars in future interest charges.

Why not have the security of paying off your home, reinvest in retirement, or purchase another home.

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P G
Charlottesville Solutions - Charlottesville, VA

I see that you are new to Active Rain and I just wanted to welcome you. I hope that you enjoy it as much as I do and that you find it a great resource.

Jan 12, 2009 08:01 AM
David Hutchins
Mortgage Debt Freedom - Lawrenceville, GA

Yes I believe Active Rain will be a great resource of information.

 

Jan 16, 2009 01:27 AM