...Modifying The Mortgage Model
Article by ~James A. Moore
Indianapolis, IN
..........I
believe the Money Merge System will Modify the Mortgage Model in our lifetime. The most important purchase you will ever
make is your home or at least it's the largest amount you will pay - one, two or three hundred thousand dollars
or more. Add the interest on top of that and we end up paying two and one half times more than we borrowed. We
make a commitment to repay this amount over 20, 30, 40 and now even fifty years. In other parts of the world people
are paying 100 years for their home. I call this generational mortgage. On a side note Mort~gage Origin late Middle
English from Old French, literally ‘dead pledge,’ from mort (from Latin mortuus ‘dead’) + gage (‘pledge’) “Pledge of Death!”
and the Origin of Interest is "Prolong Death!” who was the genius that come up with these terms,
Today
across America Neighborhoods are full of homes & homeowners with mortgages
..........Millions
of homeowners have refinanced over the past few years.
Let's look at that for just a minute. Take a couple who has been making their mortgage payments for three, four
or five years and then comes along a better interest rate. After thinking for a little bit and seeing their friends
and neighbors refinance their mortgages, they fall into the banker's trap (I call this conditioning). You see in
the first few years of a mortgage over 95% of the payment goes to interest, at the end of five years most people
will own less than 5% of their home, Refinancing starts the clock back to 30 years, and in effect the interest
rate paid for the first few years is 400 to 500 percent. How many would have refinanced if they were told it would
cost them five hundred percent?
..........Modifying
The Mortgage Model We
live in the computer age. Computers can do almost anything when properly
programmed. Why not figure out a way to help homeowners pay off their mortgages faster? It's a fact that in Australia
homeowners are paying off their mortgages in as little as 1/3 the time as we do here in the states. Australians
are saving as much as $150,000 in interest on the average home. Are they smarter, do they have more money or are
they just paying off their mortgages differently?
..........Your Equity First has found a computer program that
helps homeowners do just that - put their equity first. It costs much less than refinancing and doesn't require
the homeowners to refinance. The cost is about one and a half points but the return is staggering. Homeowners are
able to see their mortgages drop 10, 15 or 20 years and by doing so it saves them tens of thousands of dollars
in interest without changing their lifestyle in any way. The payoff date comes much sooner and the homeowner can
build a nest egg by putting their mortgage payment towards their own retirement. This is a welcome light at the
end of the tunnel. Homeowners are able to dream of the time in the not so distant future when their home is paid
off and
they can dream of what life will be like without that burden.
..........Your Equity First has a web site where anyone can take a look
at how this software works and are given the opportunity to do a Free Money Merge Account Analysis This free analysis
will not require you to enter any private information and you will see how many years you can shave off of the
life of your mortgage and how many thousands of dollars you will save. Go to my site http://www.u1stfinancial.net/kanderson
........Regards~ Kevin O. Anderson
1-502-802-1592
Money
Talks Video
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...Modifying The Bottom Line by Understanding Interest.
Article by ~James A. Moore
Indianapolis, IN
The ability of an asset to generate earnings, which are then reinvested in order to generate their own earnings.
In other words, compounding refers to generating earnings from previous earnings. Also known as "compound
interest".
Suppose you invest $10,000 into Cory's Toy Company (ticker: CTC). The first year, the shares rises 20%. Your investment
is now worth $12,000. Based on good performance, you hold the stock. In Year 2, the shares appreciate another 20%.
Therefore, your $12,000 grows to $14,400. Rather than your shares appreciating an additional $2,000 (20%) like
they did in the first year, they appreciate an additional $400, because the $2,000 you gained in the first year
grew by 20% too. If you extrapolate the process out, the numbers can start to get very big as your previous earnings
start to provide returns. In fact, $10,000 invested at 20% annually for 25 years would grow to nearly $1,000,000
(and that's without adding any money to the investment)!
The power of compounding was said
to be deemed the eighth wonder of the world - or so the story goes
~ by Albert Einstein.
Suppose you had $100,000 in the bank and were getting 4% interest. If you left it there for 36 years you would
have earned a total of $400,000. Suppose you were the bank where your $100,000 was on deposit and as the bank you
loaned out the $100,000 at 8% interest for the same amount of time. How much would the bank earn? Well two times
the interest from 4% to 8% so it should be $800,000 right? Wrong. The answer is much more. It is actually $1,600.000
or one point six million. That's 1.2 million more than you made ??
Now do you see why it's called compound
interest - the eighth wonder of the world.
The bottom line is if you understand interest, you'll collect it. If you don't you'll pay interest. Never before
in the history of time has a computer software program been used so ingeniously that it can reverse the tables
of compound interest. Today homeowners are doing just that using a computer program to cancel interest on their
mortgage. With this web based software homeowners are putting their equity first. It costs much less than refinancing
and doesn't require the refinancing. The cost of the software equals about one and a half points but the return
in interest savings is staggering. Homeowners are able to see their mortgages drop 10, 15 even 20 years and by
doing so it's saving them tens of thousands of dollars without changing their current lifestyle in any way. The
payoff comes when the homeowner can start building their nest egg sooner by putting their mortgage payment towards
their own retirement. This is a welcome light at the end of the tunnel. Homeowners are able to dream of the time
in the not so distant future when their home is paid off and they can dream of what life will be like without that
mortgage.
..........Your Equity First
is one of the fastest growing marketing teams for the company that has put this system in place. We welcome you
to take a closer look at how this software works. You'll also be given the opportunity to do a Free Money Merge Analysis This free analysis will
not require you to enter any private information and you will see for your self just how many years you can shave
off of the life of your mortgage and how many thousands of dollars you will save. Go to my site http://www.u1stfinancial.net/kanderson
........Regards~
Kevin O. Anderson
1-502-802-1592
Money Talks
Video
Albert Einstein 1879-1955
“Insanity: doing the same thing over and over again and expecting different results.”
Take a closer look at your future do a Free Money Merge Analysis
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The Money Merge Account, a powerful tool to help you fulfill
your dream of home ownership and save money for your future.
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United First Financial, its software agents and subsidiaries provide Internet web based software and
support services. United First Financial does not provide accounting, tax, legal, real-estate, mortgage,
or investment advice. Interested parties should seek and consult with persons or entities licensed and qualified
in those areas for advice relating to those matters. United First Financial is not liable or responsible
for claims or representations made by any party which are not included in the Money Merge Account Limited Guarantee.
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United First Financial Independent Agent (867754)
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