PROFITING IN THE HARD TIMES
The major problem with our economy is that we have all bought into this concept of personal, corporate and public debt. Now the government is broke, and we all will be broke, unless we rethink our priorities. There is no viable investment instrument in the market today that will increase your personal wealth; so why not just invest in yourself.
Start by examining your home mortgage rate and if it is higher than 5 ½ %, or you have an adjustable rate, or you are paying mortgage insurance then consider refinancing your loan. We are MARK ENGLISH REAL ESTATE and are associated with DISCOUNT MORTGAGE SERVICES and will be glad to help you analyze your current loan.
Then you should devise a plan to pay off your mortgage in 5 years. In fact, see if you can be debt free in 5 years. If you took all the savings from your refinance, and added all the money you are investing in a losing 401k and paid off all your debts, then you would be in effect earning the interest rate amount of you mortgage. In other words, if you paid off $10,000 of your EVERGREEN COLORADO HOME LOAN, and your rate is say 5 ½ %, then in reality you have earned $550.00 in interest, and have the added benefit that you owe $10,000 less, and therefore are worth $10,550 more than you were a year ago. This Equity is tax free because when you sell your personal home you do not owe any taxes on the sale.
If you invest even in a “no-load” fund you will still be charge an administration fee, and an investment advisor management fee which is a percentage of total fund asset. The secret is that there is no secret, make no mistake; you will be paying someone to manage your investment.
Most people that I speak to tell me that they lost all of the dividends, interest, and equity they had two years ago and about 30% of their original principal. Wow! If your “no-load” is paying 6% a year (and I don’t know any that are), and your “management fee is 3-4% a year, You are losing all your money to stock broker fees and inflation (which is 13% a year). If your mortgage is 6 % then your have, by paying it off, earned a true “no load” 6%.
Please, give us a call for a no obligation consultation and loan review. We are MARK ENGLISH REAL ESTATE and DISCOUNT MORTGAGES SERVICES. We are the one stop shop for all your EVERGREEN COLORADO REAL ESTATE and EVERGREEN COLORADO HOME LOAN needs. Contact us at 303-674-0148, Email us at markenglishrealestate@msn.com or visit us on the web at www.evergreencoloradoliving.com. Don’t forget to register for your free mortgage loan origination rewards.