Each month you put your hard earned dollars into paying down principal and interest and building equity into your home. While conventional wisdom has trained us to view this as a solid safe investment, unfortunately conventional wisdom has failed to consider a whole host of factors that tell us otherwise.
Lets look at what the defining characteristics of a safe solid investment are and see if a mortgage passes the test:
Mortgage
Characteristic
1. The Investment earns a rate of return.
Whether you pay cash for your home or pay nothing down your home will be worth the exact same in 1 year, 5 years, or 20 years.
2. The Investment is liquid.
3. The investment is not subject to additional qualification to access it.
4. The investment is not of a risk of Loss.
5. Once funded, the investment continues working for you.
Here's a small sample of Mortgage Planning services we offer to help drive your ROI and increase your net worth.
Quarterly Mortgage Review:
A service provided to all my clients where I will send you current interest rate information that pertains to your unique loan situation. You will see how to pay off your loan off faster and in addition what interest rates are for various loan situations. Sign up for this FREE service!
Annual Equity Review:
A detailed report that outlines financial planning strategies that shows you how to free up cash and invest the difference to create wealth.
Debt Consolidation Analysis:
Do you have credit card debt, car loans, student loans, or other personal loans that you would like to eliminate? Have us show how to colsolidate that debt to save you thousands of dollars in interest thats not even tax deductible!
Rent Vs. Own:
Stop paying for your Landlord's Retirement! With down payment assistant programs and Zero-down programs on the market, this easy to read spreadsheet will show you if home ownership is prudent financial move.