Frank and Neil both earn $70,000 annually and buy $200,000 homes. Frank takes a traditional approach with a 15-year, 6.38% mortgage and $40,000 down payment, leaving no savings. Neil takes a new approach with a 30-year, interest-only 7.42% mortgage and $10,000 down payment, allowing him to save $30,000. After 5 years, Frank has paid $14,216 in taxes but has no savings, while Neil has paid $22,557 in taxes and saved $83,513. If they lose their jobs, Neil can weather the crisis with savings while Frank may lose his home. The document advocates taking a new approach to mort
We can’t avoid or control, but it is advisable that we should be better prepared for such situations. By following golden rules of housing Loan EMI, we can manage and control our EMI in a better way.
This slide show explains our business of buying, rehabbing and selling homes, and it shows how you can earn 10-12% annual interest on your money by lending it to us for real estate purposes, either short-term (one house at a time) or longer term (1-2 years or even longer), for multiple projects in succession.
What To Do When You Can't Pay Your MortgageHoyes Michalos
Your home is your biggest asset but you're struggling with keeping up with your mortgage payments. What are your options to deal with your debts and keep your house.
The forces of each side pull and tug on your thoughts figuratively. What would make more sense now? Or should the question be: What makes sense for my future?
Synopsis of MBA, Stress Related Health Issues: A study of Bharti Airtel Ltd.Nikhil Dhawan
While You are Pursuing MBA, you need to make a project report on any one topic of your choice in order to complete your Post Graduation and then Get Your Degree.
To do this, first of all you need to make a project proposal of the topic that you will select and submit it to your department`s HOD.
after your project gets approved, then you need to make a full fledged project report on your topic that you`d taken and then after making Hard copy of it, submit it to your University and your project will get under approval and your work is finished.
I`m here, giving you the Synopsis of A Project of MBA in Human Resources Management (HRM).
Hope You like it
We can’t avoid or control, but it is advisable that we should be better prepared for such situations. By following golden rules of housing Loan EMI, we can manage and control our EMI in a better way.
This slide show explains our business of buying, rehabbing and selling homes, and it shows how you can earn 10-12% annual interest on your money by lending it to us for real estate purposes, either short-term (one house at a time) or longer term (1-2 years or even longer), for multiple projects in succession.
What To Do When You Can't Pay Your MortgageHoyes Michalos
Your home is your biggest asset but you're struggling with keeping up with your mortgage payments. What are your options to deal with your debts and keep your house.
The forces of each side pull and tug on your thoughts figuratively. What would make more sense now? Or should the question be: What makes sense for my future?
Synopsis of MBA, Stress Related Health Issues: A study of Bharti Airtel Ltd.Nikhil Dhawan
While You are Pursuing MBA, you need to make a project report on any one topic of your choice in order to complete your Post Graduation and then Get Your Degree.
To do this, first of all you need to make a project proposal of the topic that you will select and submit it to your department`s HOD.
after your project gets approved, then you need to make a full fledged project report on your topic that you`d taken and then after making Hard copy of it, submit it to your University and your project will get under approval and your work is finished.
I`m here, giving you the Synopsis of A Project of MBA in Human Resources Management (HRM).
Hope You like it
Recent development in indian politics (pol science)Nikhil Dhawan
As for democracy as practiced in India, Arundhati Roy said: 'While there is some amount of democracy in India there has not been a single day since independence when the state has not deployed the armed forces to quash insurgencies within its boundaries. The numbers of people who have been killed and tortured are incredible. It is a state which is continuously at war with its own people. If you look what is happening in places like Chhattisgarh and Odisha it will be an insult to call it a democracy'.
Ms Roy further believes 'that elections have become a massive corporate project and the media is owned and operated by the same corporations too'. She opines that "some amount of democracy in India is reserved for its middle classes alone and through thatthey are co-opted by the state and become loyal consumers of the state narrative'.
These Notes will give the answers to all the questions that are consisted in the Chapter of Class XII, Political Science. These notes are prepared specially with great care and much attention has been given to the content while writing. All the questions that are explained in these notes are well explained and advanced attention has been given to the content.
You can download the file directly from here also www.notesshare.in or mail me = nikdhawan@outlook.com
After independence, the Indian National Congress, the party of Mohandas K. Gandhi and Jawaharlal Nehru, ruled India under the leadership first of Nehru and then his daughter (Indira Gandhi) and grandson (Rajiv Gandhi), with the exception of brief periods in the 1970s and 1980s, during a short period in 1996, and the period from 1998-2004, when a coalition led by the Bharatiya Janata Party governed.
Cloud Computing and Intelligent Systems: Two Fields at a CrossroadsJeffrey Wallace
Many “big data” software systems are not interactive, automated, or run in a real-time mode. The true utility of cloud computing and “big data systems” can be increased by providing an execution framework and control software that is native to cloud architectures and supports interactivity and time synchronization. In addition, a framework to integrate different artificial intelligence and machine learning algorithms is combined with the execution framework to create a powerful cloud computing system development platform.
Project on Production and Packaging in Pharmaceutical Industry Emcure By Nikh...Nikhil Dhawan
This is the Complete Project that I`ve Completed on 7/08/2014 and It is Now Brand New Project Report Suitable for Students doing MBA, PGDBM and Having Topics like Marketing or HR. No Ads, No Price, No Money!
You Can Contact Me for More Free Projects! Just Download the Project and Enjoy! Cheers!!
Best of Luck
Nikhil Dhawan
9018580277, 9622334428
nikdhawan@outlook.com.
contactnikhildhawan@gmail.com.
contact_nikhildhawan@gmail.com
Food and Adulteration - 12th Class Chemistry ProjectNikhil Dhawan
Food and Adulteration is a Practical Topic of Subject Chemistry of class 12th. In this practical file, ways are give in order to do experiments to find the adulterants in different products.
The file will help the students of 12th class and other classes too in order to get a clear view of what things are required in order to know about the adulterant in any food.
For More projects like this one, or on demand making of projects, visit www.notesshare.in | or contact me - nikdhawan@outlook.com
Food and Adulteration - 12th Class Chemistry ProjectNikhil Dhawan
Food and Adulteration is a Practical Topic of Subject Chemistry of class 12th. In this practical file, ways are give in order to do experiments to find the adulterants in different products.
The file will help the students of 12th class and other classes too in order to get a clear view of what things are required in order to know about the adulterant in any food.
For More projects like this one, or on demand making of projects, visit www.notesshare.in | or contact me at nikdhawan@outlook.com
Project Report on Computer (Basics, MS Word, MS Powerpoint, Email)Nikhil Dhawan
Computers are really great, in every field, every walk of life we are depended on them, Even we think that we know about them (Computers) a lot but when there is the thing that we have to write a report on computers we all started finding it on the Air (Internet).
Project Report on Computer (Basics, Word, Power point and Email)
So, making it clear and easily understandable to students and even other people who want to prepare a report, I wrote this Simple Knowledge Giving Report on Computers it Includes About Computers, Its Components, MS Word, MS PowerPoint & Email.
You only have to remove the headers and footers and then enjoy the free content. No editing required, I Ensure it is 100% Approved report with great content in it.
Hope You will enjoy it.
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First Time Home Buyer's Guide - KM Realty Group LLCTammy Jackson
The process of buying a home can be overwhelming at times, but you don't need to go through it alone.
You may be wondering if now is a good time to buy a home… or if you should continue renting. The free eGuide below will answer many of your questions and likely bring up a few things you didn't even know you should consider when buying a home.
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Oltersdorf Realty Home Buying Presentation, Leelanau, Grand Traverse, Travers...Oltersdorf Realty, LLC
Please take a moment to browse our detailed guide for homebuyers geared especially towards first time home buyers in the Traverse City region (Leelanau and Grand Traverse County). The combination of decreased home values, low interest rates, and federal incentives make this a very attractive time to purchase your first home or to be a move up buyer. Topics covered include: The current Traverse City real estate market, the buying process, buy vs. rent, tax incentives, home buyer credit, finding an agent, securing a loan, and protecting your investment. Please visit http://www.oltersdorf.com for additional information!
Compound Interest & Rule of 72
Biggest Wealth Killer
High Cost of Waiting
Unnecessary Transfers
Opportunity Costs
Be The Bank
Eleven Ways to “Find” the Money
The REAL Retirement Miracle
You’re thinking of buying a home? Congratulations -- it’s an exciting
process. And it can be a lot of fun. You get to envision the type
of lifestyle you want for yourself (and your family). Do you want
a beautiful two-story home close to your work? Do you want a
modern, stylish condo in the heart of downtown? Are you yearning
to live near the beach, the mountains, restaurants, good schools,
museums, or family?
One of the greatest things about purchasing your own home is
that you get to make it yours. Even before you move in, you’re in
charge of making the decisions about which home you will buy.
It’s a powerful feeling -- having total control. But it can also be a bit
overwhelming, especially when you’re doing it for the first time.
That’s why we wrote this guide. We want to make purchasing a home
less scary and give you the confidence to move forward through
each step of the process -- from beginning to end, when you move into your new home!
Compound Interest & Rule of 72
Biggest Wealth Killer
High Cost of Waiting
Unnecessary Transfers
Opportunity Costs
Be The Bank
Eleven Ways to “Find” the Money
The REAL Retirement Miracle
Availing a home loan is one of the most important financial decisions of any individual’s life. So being sure about all the aspects of it is very necessary before going for a home loan. Being informed and aware of all the important aspects not only gets you the best deal available but also saves from the shocks and surprises later on as well.
For Home Loan: https://financebuddha.com/home-loan
1. Harness the American Dream
Getting The Most Value
For Your Home Equity
Presented by Robert Ratimorszky
GSF Mortgage Corporation
2. Let’s Examine Your Options
Option 1
You don’t have to do anything. I will do my best to give you all the
information you need and if you are not ready to make a decision
yet, that will be fine.
Option 2
You can do this on your own. Every year thousands of homeowners
buy/sell/borrow on their own. So when we are complete, if you
choose to do this on your own, let me know and I will understand.
Option 3
You can work with a traditional Realtor/Lender. If you don’t think
my model of doing business is for you, just let me know. I can even
refer you to some good agents in my office that might better serve
your needs.
Option 4
You can work with me.
3. Make your Mortgage Work for
You!
The Old Way of Thinking:
Get the lowest-rate mortgage
Start a bi-weekly mortgage program
Send in additional money whenever possible to
reduce the principal balance
This is the Depression Era mindset that has been burned into
the American psyche
But is it possible there is a better way?
4. The New Way of
Thinking
The rules have changed!
Choose the best mortgage, not necessarily the one with the lowest
rate.
Subscribe to a bi-weekly mortgage plan only AFTER all other non-
tax deductible and high interest rate debts are paid in full
Only send extra money to your mortgage company after you have
paid yourself first!
Your goal is to make the smallest
payment with the biggest tax-break
5. “Here are 5 great reasons to carry a big, long mortgage and
never pay it off.”
Ric Edelman – New York Times Best Selling author of the New Rules of
Money
1. Mortgages don’t lower home values
Your home appreciates or depreciates whether or not you have a
mortgage. In fact, most people discover that, over time, their
mortgage balance falls while their home value rises – creating
substantial wealth they never expected
1. Your Mortgage is the cheapest money you’ll ever buy
Most people need to borrow money during their lives, so why pay
18% to credit cards when you can borrow at rates of 8% or even less
1. Your mortgage is the best way to lower your taxes
Interest you pay on personal loans, auto loans, and credit loans is not
tax deductible, but for most of us, the interest we pay on our mortgage
is fully tax-deductible, making the cheapest loan you’ll ever have, even
cheaper
6. 4. Get the cash out of the house - while you still can
The main reason people turn to borrowing is because they have little or
no income. But if you ever suffer a job loss, major medical, or other
financial crisis, you could find yourself unable to get a home loan.
That’s because lenders don’t like to lend money if you are in
financial difficulty. That’s why you should get a big mortgage now,
before you need it – and while you still can.
5. Your mortgage becomes even cheaper over time
Depending on the loan you choose, your payment never rises – but
your income likely will. That means today’s mortgage payment
becomes increasingly easy to pay!
The Rules of money have changed!
“Here are 5 great reasons to carry a big, long mortgage and
never pay it off.”
Ric Edelman – New York Times Best Selling author of the New Rules of
Money
7. A Tale of Two Friends
Our story begins with two friends, both earning $70,000 a year.
They both have $40,000 in savings and are both buying $200,000 homes
Frank Borman
“The Old Way”
15 year mortgage at 6.38%
APR
$40,000 big down payment
$0 left to save
$1,383 monthly payment
(56% tax deductible 1st
year 33% average)
$1,227 average monthly net
after-tax cost
Sends $100 monthly to
lender in effort to eliminate
mortgage sooner
Neil Armstrong
“The New Way”
30 year interest-only mortgage at
7.42 APR
$10,000 small down payment
$30,000 remaining to save
$1,175 monthly payment
(100% tax deductible 1st
year
64% average)
$799 average monthly net
after-tax cost
Adds $100 monthly, plus $428
saved from lower mortgage
payment to savings component
earning 8% rate of return
8. Who Made the Right
Choice?
Frank Borman
Received $14,216
in tax savings
Has $0 in savings
components
Neil Armstrong
Received $22,557
in tax savings
Has $83,513 in
savings components
Results after 5 years
9. What If Both Friends Suddenly Lose
Their Job?
Frank Borman
Has no savings to get
through crisis
Can’t get a loan-even
though he has more
$74,320 more in equity
than his friend because he has
no job
Must sell his home or face
foreclosure because he
can’t make his payments
Now he must sell in a
hurry, and at a discount,
in addition to paying
realtor fees (6-7%)
Neil Armstrong
Has $83,513 in savings to tide
him over
Doesn’t need a loan
Can easily make his
mortgage payments even
if he’s unemployed for
years
Has no reason to panic
since he’s in control-
remember…Cash flow is
King!
10. The Moral of Our Story
The “Old Way” can be devastating to your financial
future
You should never send extra money
to your mortgage company until you’ve paid yourself
first
All of your equity is at risk until your last payment is
made
Instead, put that money to work for you!
Once you have all the facts,
it’s easy to make the right decision!
11. The Starpointe Financial Plan
INCREASE
CASH FLOW
Free up wasted resources
Manage expenses
PRESERVE YOUR
ESTATE
Help reduce estate taxes
Build a family legacy
MANAGE
DEBT
Consolidate debt
Strive to eliminate debt
CREATE
EMERGENCY
FUND
Save at least three months’
income
Prepare for emergency
expenses
ENSURE PROPER
PROTECTION
Protect against loss of income
Protect family assets
BUILD LONG-
TERM
ASSET
ACCUMULATION
Outpace inflation
Reduce taxation
12. Starpointe Mortgage is Illinois’s premier mortgage
provider, offering a wide array of revolutionary
concepts to help
make your mortgage work for you!
How to Make Your Money Work for You
Leverage old money that you are already
spending to create new money that you can save
Harness the power of compound interest to work for you, not against
you
Educating and empowering our
clients is our focus at
GSF Mortgage
13. No matter what your approach,
our inventory of services can help you
Traditional Mortgage Products
Fixed rate loans
ARM loans
Balloon loans
Second mortgages
Interest-only loans
Products that allow you to pay just the interest each
month, maximizing your tax benefits and freeing up
more money
The Power Option Loan
An ARM loan that allows you to choose from four
payment options each month, giving you maximum
flexibility and control
14. Starpointe Mortgage has a diverse selection of
mortgage products from some of the most respected
names in the industry including:
15. What would you do differently if you had the
option to lower your monthly mortgage payment? Would
you…
Pay off high interest rate debt?
Save more for retirement?
Prepare for your children’s education?
Build more wealth accumulating assets?
Plan a family vacation?
Prepare for a financial emergency?
With Starpointe Mortgage
the choice is yours!
16. Now that you know how to get better value for your
money, let’s see the impact of the money you save
over time with…
The Rule of 72
Divide 72 by the interest rate to find out
how long it takes your money to double
Age 4% Age 8%
29 $10,000 29 $10,000
47 $20,000 38 $20,000
65 $40,000 47 $40,000
56 $80,000
65 $160,000
$10,000
$50,000
$90,000
$130,000
$170,000
$210,000
29 47 65
17. If You Are Like Most People, You’re Ready To
Take The Next Step
Let’s get started today!
Let us review the results, and take
advantage of the mortgage program
that best fits your needs
It’s time for you to harness the
American Dream and make
your money work for you!