![How does it work? Eliminate your home loan in half the time or less. Save thousands in interest. With no change to earning or spending. Find out today if you qualify – email us [email_address] Is it right for you? the best home loan available](https://image.slidesharecdn.com/mortgage-12675311608136-phpapp02/85/Mortgage-Analysis-10-320.jpg)
Mortgage Analysis
- 1. Have a home?Buying a home?
- 2. What’s more importantto you? I paid 7% APR & $200,000 in interest! I paid 5.5% APR & $300,000 in interest!
- 3. The Math Totalcost over 30 years: $613,230
- 4. The Math Totalcost after only 5 years: $102,202
- 5. How do homeowners traditionally pay off their mortgages sooner? Bi-weekly payments. Extra principal payments. Shorter Term - (20, 15, 10 years) Bigger Payments or Extra Payments
- 6. Mortgage payments arepermanent.
- 7. You too canbe debt free… 15 year fixed Bi-weekly payments
- 8. The current mortgageparadigm… Deposit paychecks into checking account Pay expenses from that account. Auto loans, utilities, food, gas, mortgage, etc. Save what is left over…if any. What if your money could be saving you interest while it wasn’t being spent?
- 9. The new mortgageparadigm… Each dollar you deposit immediately reduces your mortgage balance – saving interest. Pay all expenses from that account. Auto loans, utilities, food, gas, mortgage, etc. Save what is left over. Your money is now saving you interest while it isn’t being spent! Mortgage Balance
- 10. How does itwork? Eliminate your home loan in half the time or less. Save thousands in interest. With no change to earning or spending. Find out today if you qualify – email us [email_address] Is it right for you? the best home loan available
Editor's Notes
- #3 First, let’s take a look at today’s mortgage landscape. With the collapse of the housing bubble, the emphasis has shifted from accumulating equity to simply managing the debt. What hasn’t changed, though, is that it’s all about the getting the payment right. From the 80’s, with the advent of adjustable-rate mortgages and negative amortization products, through the 90’s, with hybrid ARM’s that are fixed for 3, 5, or 7 years, to the 2000’s, with interest-only products, and even 40-year products, the focus has been on getting the payments to be comfortable -- so we can afford to buy and stay in our home. This obsession with payment led to people ignoring the challenge of actually paying the debt off. One might even make the case that all the mortgage innovations of the last decades have even contributed to home price bubble, due to their ability to make larger mortgages possible for more people. Now people are beginning to realize the process of actually paying off the loan has been postponed too long.
- #4 Actually keeping a 30 year mortgage from 1 st inception all the way to final payoff is a rare occurrence. Most home owners only keep their mortgage for between 5-7 years.