Manage Home Equity & Loans to Build Wealth

Home ownership is one of the key ingredients to building wealth.

Take any 100 people at the start of their working careers and then follow them for 40 years until they reach retirement age. Here’s what you’ll find:

     • only 1 of 4 will be really wealthy and financially secure
     • 5 will continue working (not because they want to, but because they have to)
     • 36 will be dead
     • 54 will be broke and dependent on Social Security checks, relatives, friends and
        maybe even charity for a minimum standard of living.

That’s 5% successful and 95% unsuccessful! So, what does that have to do with choosing a mortgage? Plenty! Because the more money you can save, and the more equity you can build in a short period of time, the more wealth you will acquire.

Manage equity to build wealth

Click on the underlined sentences for the full story

If you had enough money to pay off your mortgage, would you?
Check out this scenario of two brothers who started out with the same finances, yet took very different strategies for managing their finances. Check out the full story: How the affluent manage home equity to safely and conservatively build wealth. If the “American Dream” of owning your own home outright with no mortgage is so wonderful, why do thousands of financially successful people – who have more than enough money to pay off their mortgage – refuse to do so?

What’s the biggest secret in real estate?
Your mortgage is a loan against your income, not against the value of your house. Without an income, you often can’t get a loan. If you suddenly experience financial difficulties, would you rather have $25,000 cash to help you make your payments…or an additional $25,000 of equity trapped in your home?                                                                     Top   
The power of leverage.
Buying a home can be a great investment. However, the wealthy buy homes with as little of their own money as possible, leaving the majority of their cash in other investments where it’s liquid, safe and earning a rate of return.

Why you should love your mortgage.
Most Americans hate their mortgage, loathe the monthly payment and strive to pay it off as soon as possible. If this describes your feelings for your mortgage, read on, as you may find out that these feelings are downright, absolutely wrong. You should love your mortgage.                                                                                                                 Top   

10 Great reasons to carry a big, long-term mortgage.
Although your parents’ advice once made sense, today it is completely wrong. In today’s economic environment, a big, 30-year mortgage is the best thing you can have.

Interest rates can make or break your financial security.
If you're like 67% of Americans, you have more wealth in your house than in all your other investments combined. The question is, do you really understand how your interest rate is affecting your short and long term financial situation? According to "Borrow Smart, Retire Rich," author Todd Ballenger, a few concepts go a long way to secure your financial future.

Paying off the mortgage: going broke with safety and stability.
Veteran Certified Financial Planner Gary Arford contends that paying off your house is just about the worst financial decision you can make. He prefers to keep his clients leveraged at 90% for their primary residences. Why?

Rich dad’s secrets for building wealth.
Highlights from Robert Kiyosaki’s bestselling book, “Rich Dad, Poor Dad.” How is it that some people amass a fortune in their lifetimes while others struggle to make a modest living? This is part one of a two-part series.                                                                                     Top  

Need a home improvement loan?

Home improvements turn average homes into dreams come true.
If you’re thinking about taking out a home improvement loan, there are several options to consider. First and foremost, your mortgage consultant needs to know why you want a home improvement loan. Here are some factors to take into consideration.                  Top

Need a student loan?

Are you planning for your child to go to college?
Did you know that mortgage rates are less than student loan rates?
Changes in student loan funding may effect your mortgage decisions.                           Top

Going through a divorce?

Divorce and your home.
You have options when it comes to your property. There are very important questions that need answers right now: Can I keep the house? Should I keep the house? How do I buy my spouse’s interest in the house? Deciding which approach is the best for you is where you will want the advice of a trusted mortgage professional.                                              Top

Identity theft protection

Protect your credit.
Identity theft can happen to you! More than 3.6 million households discovered that at least one member had been the victim of identity theft during the previous six months. Since July 2, 2002, the four major U.S. credit bureaus have been able to release credit information, mailing addresses, phone numbers, etc. to anyone who requests it.
Call 1-888-567-8688 and read the rest of our tips to protect yourself.                            Top

Lifestyle Mortgage Strategies - Steven J. Archard - 6 Woodard Ave. - Brockton, MA 02301
Phone: 508-587-8033 - Fax: 508-355-0390 – sarchard@lifestylemortgagestrategies.com