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Archive for July, 2010

Bridging The Gap Between Learning And Doing
Do you remember being a kid envisioning what the day you’d get your driver’s license would be like? You wanted that little piece of plastic more than almost anything in the world. It meant freedom from everything that you felt was holding you back unfair parental rules long bicycle rides and embarrassing walks and you believed that once you had it everything would change. There was only one problem: You didn’t know the first thing about driving a car. So how did you bridge the gap between walking or riding a bike and driving a car? That’s right: Driver’s Education. As a fledgling real estate investor you feel the same anticipation. When you sit and daydream about investing your pulse quickens your eyes glaze over and you begin to imagine what your life will be like when you’re able to firmly state for anyone who cares to listen I’m a successful real estate investor. So what’s stopping you? You have some basic knowledge that you’ve picked up from a book a seminar or a course but you still don’t have the confidence to proceed with your plans and your dreams. To you success is a million miles away and bridging the gap between knowing and doing seems like a Herculean feat. And to top it off what you know is that you don’t know nearly enough. The situation isn’t hopeless! What you need to do is find a way of harnessing the raw knowledge that you currently have spinning it around in you head and applying it in your life. Knowledge is not power. APPLIED knowledge is power. In order to tap into that power you need to accumulate enough of a real estate background to feel comfortable in moving forward. You can do it but it will take a commitment to reaching your goals. If you don’t believe you know enough to make it work you have to build a bridge to the knowledge that can free you from the shackles of financial mediocrity. By tapping into the resources of a mentor whose been there and done it you can learn everything you need to know to unlock your success. Real estate investing when done correctly is a series of fluid movements that get you closer to the wealth that you envision in your future. If your credit isn’t as strong as you’d like it to be you’ll need to improve your FICO score. You’ve heard there are certain steps you can take to do this but you’re clueless as to how to proceed. The current investing field is littered with the shattered dreams of investors who ignored solid advice and then lost everything when their cash flow couldn’t support their monthly debt service on their rental property. How do you know a solid investment opportunity from a dud that you should walk away from from the start? A mentor can answer all of these critical questions with solid advice and firm guidance. You may be at a different stage of your investing career. You may have a fair amount of knowledge but lack just one or two of the fundamentals necessary to put it all together. Fortunately the knowledge you need can be delivered to you on a silver platter with the help of the real estate industry’s best handson learning opportunities. An REI Buying Tour http://www.reiconferences.com/buyingtours.htm which takes place in cities all across America is a great hands on learning opportunity. You have the opportunity to work with a mentor directly where you are taken by the hand and shown the process step by step. You’re also introduced to a team of folks that will assist you every step of the way and then given the tools you need to take to capitalize on the boundless opportunities available in today’s real estate market. You’ll learn how to analyze a deal how to go beyond the simple numbers crunching and really delve into the nuts and bolts of a winning real estate transaction by learning from not only your mentor but a variety of industry professionals who each bring to the table core competencies so critical to your success. Your success is within reach. By crossing the bridge we have built for you opportunity is within your reach and you can reach your dream of real estate investing success. Today can be the day that you begin the short drive towards bridging the gap from your reality to your destiny.

About the writer:  Charrissa Cawley founder of REI Conferences began her career in the pharmaceutical arena of corporate America in 1995 and switched to real estate when she discovered she could make more money in less time than she ever could working 10 hour days for someone else. On my way to earning thousands of dollars on every transaction I did I discovered the key to making money the smarter waythrough Real Estate Investing!” Cawley offers accurate and proven real estate strategies to investors of all different levels. With seminars mentoring programs real estate sales her own products and a book coming to stores soon she specializes in educating her clients on creating wealth through “Unconventional Real Estate Investing”. Within a year of beginning her real estate investing career Cawley went from living paycheck to paycheck to being worth over 2 million dollars and hasnt turned back since. To learn more visit www.reiconferences.com

The Money Merge Account: Paying Off Your Mortgage

Most homeowners realize they will pay about twice the purchase price of their home on a traditional mortgage a mortgage that will take about 30 years to pay off. Introducing a way to break that cycle of financial drainthe Money Merge Account Request a FREE Analysis Here. Developed by a team of financial experts with years of experience in the mortgage industry the MMA rapidly reduces the principal of your mortgage practically eliminating the interest from accruing on your loan. Your 30year mortgage can now be paid off in about 8 to 11 years with no change to your lifestyle or refinancing of your existing mortgage.

The Money Merge Account is not a biweekly payment or debt rolldown system. Its an entirely new approach that gives homeowners flexibility with their money and complete financial freedom. A sidebyside comparison of a traditional mortgage repayment shows the savings potential using the MMA system. A 30year 136000 mortgage at 5.25 when paid through conventional monthly payments will result in a 30year total repayment of 270784 nearly twice the cost of the home. The MMA program can repay the same mortgage in 11.3 years with a total repayment of 181217. An incredible savings of 89566 is realized on the same income with the same mortgage at the same interest rate and without any changes to your standard of living. MMA is simply one of the fastest ways to repay a mortgage and be on your way to financial freedom.

How does it work? The Money Merge Account consists of three major components:

1. Your Existing Primary mortgage: The existing mortgage on your home is the foundation for the Money Merge Account.

2. An Advanced Line of Credit ALOC The MMA Program uses an advanced equity line of credit as a vehicle or a tool to drive the program. The equity line of credit must have the capacity to operate similarly to a primary checking account and be set up with an openend interest calculation rather than a closedend interest calculation. Combined with the MMA’s webbased system this creates a formula in which the money in your line of credit account generates an interest cancellation on your primary mortgage.

3. MMA software The online MMA system makes a connection between your bank account the advanced line of credit and your primary mortgage. Each time you deposit income into your account it registers as a decrease to your mortgage balance. By decreasing your mortgage balance you now lower the balance on which interest accrues. By decreasing the balance on which interest accrues you increase the portion of your monthly payment which is credited toward your principal pay down. The algorithms in the proprietary MMA system are systematically programmed to create the highest interest savings possible in the least amount of time.

How can you do this too? Follow the steps below to achieve your wildest dreams and become mortgage and debt free.

1. Fill out the MMA application You must qualify for this program we will perform a free analysis of your finances and see if we can help you become mortgage free. A full and complete application is step 1. We will contact you within 2 days with your results!

2. Activate your Money Merge Account We will help you in the necessary steps to get you setup and started.

3. Deposit Your Paycheck: Deposit your paycheck into your current checking and/or savings account. As soon as the funds clear the amount you designate is transferred from your checking and/or savings account into your Money Merge Account managed line of credit. Because the line of credit is connected to your home the money transferred from your checking and/or savings accounts decreases your mortgage balance thus reducing the balance in which interest builds.

4. Pay Your Bills Throughout the month you pay your bills using your Money Merge Account managed line of credit. With this account money is immediately available through checks debit cards and ATMs. The amount left after bills have been paid remains against the balance of your mortgage until you need it keeping your mortgage balance as low as possible further reducing mortgage interest charges.

5. Follow the system Follow the promptings of the online MMA system to maximize your savings and pay your mortgage off as quickly as possible.* *Check with your United First Financial agent to see if the Money Merge Account is right for you.

About the writer:  Joe Campbell is an independent agent for United First Financial agent 875197. Joe is committed to helping people get out of debt and payoff their mortgage. Visit his website for more information at http://UFFmortgageayoff.com for more information.

How To Choose The Right Mortgage Strategy To Suit Your Situation?

Finding the right mortgage strategy pret hypothecaire can mean a lot to you in the long run. It can save you thousands of dollars over the life of the mortgage loan; on a 100000 mortgage it can easily mean as much as 10000 in total. What you really want to be doing instead of finding the best mortgage rates is something entirely different.

How do I find the way to choose the right strategy for me?

We have a very easy answer to that question. Get in touch with a specialized mortgage expert who knows how to create customized mortgage solutions for his customers precirc;t hypotheacute;caire. The answer is easy but the reasons for this are not:

We can’t predict with accuracy the direction of interest rates or how high or low they will go in the future.
Economic factors of today must be considered.
A strategy must be individualized for each client.

Don’t expect anyone who is not experienced to be able to address these issues. To find the right solution you have to have a mortgage consultant who has the ability to make the proper analyses of the markets as well as your own individual situation.

No one can help you choose the mortgage strategy for you unless he has intimate knowledge of each mortgage strategy that is available both the good points and the bad points can calculate where you stand in the interest rate cycle and can make an educated guess about the interest rate directions over the next decade.

The interest rate cycles.

There are essentially three scenarios and two fundamental rules to understand interest rates all this could take up several volumes but we’re going to keep it as simple as possible.

Scenarios:

1. Rates are generally increasing 19501980
2. Rates are generally decreasing 19822003
3. Rates are generally stable 20032006.

Each of these scenarios demands a particular strategy. It could be disastrous to adopt a strategy conceived for descending rates and then see them climb.

In order to understand and work with these trends two rules of the economy need to be applied:

1. Interest rates typically follow the inflation rate. This means that if we see the CPI Consumer Price Index go up we can expect an increase in interest rates.

2. Interest rates reflect the health of the economy. In a strong economy interest rates will be higher because there is more demand for money and when the economy is less strong interest rates will be lower.

We cannot predict interest rates with real accuracy but we know that interest rates over the last thirty years were averaging 9.6 while they are now around 5. pour un precirc;t hypotheacute;caire

What are the different strategies?

There are several basic strategies each able to be combined with several options and it is often advantageous to combine two strategies to take advantage of the market.

All this to say that it is better to consult an accredited mortgage professional.

The basic mortgage strategies:

5 times 5 renew a mortgage five times with a fixed term of five years.

Longterm a fixedrate mortgage for 15 18 or 25 years.

Variable rate mortgage whose rate changes with the base rate of the Bank of Canada.

‘Smith Maneuver’ and the cash flow dam a strategy that allows you to eventually deduct interest paid on a private house from your personal taxes salaried or selfemployed worker.

More retirement an efficient manner of using the equity in your home to supplement retirement income.

No down payment This strategy allows one to calculate the savings and buy right away without a down payment rather than rent an apartment while you accumulate the minimum down payment of 5.

Less than perfect credit help repair a poor credit rating in order to obtain an excellent rate in the future.

By comparing these strategies you will learn to appreciate what good mortgage planning can do and enjoy savings over the entire life of your mortgage pret hypothecaire.

Don’t forget that a good strategy is 21 times more valuable than simply negotiating the best interest rate.

Each strategy deserves its own personal explanation and should be coupled with your longterm objectives and the current state of the Canadian economy.

All of this points to only one thingyou really need a professional who is looking out for your best interests in order to find the perfect mortgage loan strategy. The best thing about this approach is that you will learn a lot about your situation and the economy and this education is all free!

About the writer:  The author John Daniel is a licensed Real Estate Broker and investor in Orange County California. He is an experienced realtor that specializes in South Orange County residential homes and Orange County investment real estate. Find more information at: http://www.jdanielrealty.com