Mortgage Refinancing Options and Benefits of Refinancing Mortgage

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Publisher :
ISBN 13 :
Total Pages : 124 pages
Book Rating : 4.5/5 (9 download)

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Book Synopsis Mortgage Refinancing Options and Benefits of Refinancing Mortgage by : Moshood Kolawole Salimonu

Download or read book Mortgage Refinancing Options and Benefits of Refinancing Mortgage written by Moshood Kolawole Salimonu and published by . This book was released on 2021-01-04 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the economy today so obviously in trouble, people are now having a hard time keeping up with mortgage payments. You can get professional help with mortgage refinancing. This can help lower your monthly payments, help you to a loan approved, shorten the length of your loan, or even save you money on taxes. What you will learn in this book Mortgage Refinancing Options - Mortgage refinancing can become a regular habit for some people as there are no strict rules on how many times you can rearrange the mortgage on your home. However, penalties may apply. Adjustable Rate Mortgages (ARMs) - Adjustable rate mortgages are loans that have interest rates that adjust on a regular basis depending on a variety of factors. What this means to borrowers is that, there is a chance that the interest rate on their mortgage can go higher, in which case they will have to pay more for that year, or it can go lower, in which case they will have to pay less. Home Equity Loan Tips for Better Refinancing - Before choosing a lender to refinance your current mortgage or home equity loan, consider a few key factors and analyze your options. Your current interest rate, the length of time you plan to stay in your home, your credit rating, Benefits of Consolidating Your Debts with the Second Mortgage - One quick solution may be to consolidate your debts with a home equity loan, or, by getting a 2nd mortgage on your home. This could be just the way you need to go. While this could be the solution you need. Finding a Mortgage Refinance Company - There are very many mortgage refinance companies in the world today. You can choose from private companies or public companies. You will find that one type of such companies will have the backing up of a bank. This book is not about finding the most profitable, efficient or safest refinance mortgage lender. It is about finding the best loan provider for a mortgage loan applicant. This Book Explain the Mortgage Refinancing Options and Benefits of Refinancing Mortgage, Get Your Copy Now

Consumer's Guide to Mortgage Refinancing

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Publisher : www.bnpublishing.com
ISBN 13 : 9781607961062
Total Pages : 0 pages
Book Rating : 4.9/5 (61 download)

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Book Synopsis Consumer's Guide to Mortgage Refinancing by : Reserve Federal Reserve

Download or read book Consumer's Guide to Mortgage Refinancing written by Reserve Federal Reserve and published by www.bnpublishing.com. This book was released on 2009-03 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Have interest rates fallen? Or do you expect them to go up? Has your credit score improved enough so that you might be eligible for a lower-rate mortgage? Would you like to switch into a different type of mortgage? The answers to these questions will influence your decision to refinance your mortgage. But before deciding, you need to understand all that refinancing involves. Your home may be your most valuable financial asset, so you want to be careful when choosing a lender or broker and specific mortgage terms. Remember that, along with the potential benefits to refinancing, there are also costs. Consumer's Guide to Mortgage Refinancing Helps you answer the questions Should I, Can I, and How do I refinance my mortgage loan? Includes worksheets to help you determine whether refinancing will pay off for you and to help you shop for a mortgage loan to fit your financial situation. Also includes tips to help you through the refinancing process.

Home Refinancing

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Publisher : McGraw-Hill/Contemporary
ISBN 13 : 9780809248919
Total Pages : 136 pages
Book Rating : 4.2/5 (489 download)

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Book Synopsis Home Refinancing by : Don DeBat

Download or read book Home Refinancing written by Don DeBat and published by McGraw-Hill/Contemporary. This book was released on 1986 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Housing Financing Behavior

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Publisher :
ISBN 13 :
Total Pages : 764 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Housing Financing Behavior by : Hsiu-Wen Wu

Download or read book Housing Financing Behavior written by Hsiu-Wen Wu and published by . This book was released on 1997 with total page 764 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Refinancing Your Home

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Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Refinancing Your Home by :

Download or read book Refinancing Your Home written by and published by . This book was released on 1993 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Implied Mortgage Refinancing Thresholds

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Implied Mortgage Refinancing Thresholds by : Paul Bennett

Download or read book Implied Mortgage Refinancing Thresholds written by Paul Bennett and published by . This book was released on 1998 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The optimal prepayment model asserts that rational homeowners would refinance if they can reduce the current value of their liabilities by an amount greater than the refinancing threshold, defined as the cost of carrying the transaction plus the time value of the embedded call option. To compute the notional value of the refinancing threshold, researchers have traditionally relied on a discrete option-pricing model. Using a unique loan level dataset that links homeowner attributes with property and loan characteristics, this study proposes an alternative approach of estimating the implied value of the refinancing threshold. This empirical method enables us to measure the minimum interest rate differential needed to justify refinancing conditional on the borrower's creditworthiness, remaining maturity, and other observable characteristics"--Abstract

The Newbies Guide to Mortgages, Mortgage Reduction and Refinancing

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781500886530
Total Pages : 0 pages
Book Rating : 4.8/5 (865 download)

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Book Synopsis The Newbies Guide to Mortgages, Mortgage Reduction and Refinancing by : David Addams

Download or read book The Newbies Guide to Mortgages, Mortgage Reduction and Refinancing written by David Addams and published by Createspace Independent Publishing Platform. This book was released on 2014-08-19 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether you are an experienced real estate pro, new to investing, interested in getting a mortgage loan or modifying the terms of your existing loan (refinancing), this book is for you. This comprehensive guide provides tips for saving money on your mortgage loan, choosing a mortgage lender, what to look out for in a good mortgage loan etc.In the Newbies Guide to Mortgage Reduction and Refinancing, you will learn the top strategies for buying your choice home in this current economic conditions. You'll learn how to find the perfect property fit for you, how and why you should consult real estate industry professionals (like a mortgage loan officer) before making your final decision. Do you have bad credit? There's hope for you yet because this book has a section on how you can meet the lending requirements of your mortgage broker.You'll discover how to take advantage of low home prices available in the foreclosures market and how to compare the lending requirements from various mortgage lending companies.You will learn how to find the best mortgage brokers to work with, and if you are in the market to sell your home, this book suggests how to get it done in a snap with short sales. You will also learn the pros and cons of consulting real estate experts, the ins and outs of mortgage refinancing, and the advantages and disadvantages of mortgage refinancing.This book will guide you whenever you're ready to make that purchase of your new home by arming you with sound information before you approach mortgage lenders. Learn about the most common mortgage refinancing mistakes that home owners make and how to avoid them. This book will lead you through the steps you must observe while inspecting properties; skip one of these steps and it might cost you thousands of dollars at the end of the day.This book shows you how to: * Buy Your Dream Home* Save Money on Your Mortgage Loan* Choose a Mortgage Lender* Find the Lowest Interest Mortgage Loans* Sell Your Home via a Short Sale* Buy Foreclosed Properties*Qualify For Loan Modification* Refinance Your Loan Even If You Have Bad Credit* Avoid the Commonest Mortgage Refinancing Mistakes Made by Home Owners* Get Foreclosure Listings* Benefit from Reverse Mortgage and so much moreSCROLL UP TO BUY NOW...

The Book on VA Loans

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Publisher :
ISBN 13 :
Total Pages : 350 pages
Book Rating : 4.6/5 (154 download)

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Book Synopsis The Book on VA Loans by : Chris Birk

Download or read book The Book on VA Loans written by Chris Birk and published by . This book was released on 2020-02-18 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: For 75 years, the VA loan program has helped U.S. service members and their families achieve the dream of homeownership. Today, in the wake of the subprime mortgage meltdown and ensuing foreclosure crisis, this no-down payment loan is more important than ever. VA loans have emerged as a lifeline for veterans and active duty personnel who understand their unmatched safety and buying power. The Book on VA Loans takes service members and their families on an insider's journey into VA loans, from credit scores and interest rates to the unique opportunities and challenges of this long-cherished program. Readers get insider tips and expert advice from the country's largest dedicated VA lender, Veterans United Home Loans. They also receive a buyer-friendly education in a sometimes complicated world that can trip up even seasoned real estate veterans.Featuring simple, straightforward language and voices of previous VA borrowers, this resource helps ensure service members are in the best position possible to maximize the benefits earned by their service.

How to Refinance Your Mortgage and Loans

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Publisher :
ISBN 13 : 9781492136590
Total Pages : 126 pages
Book Rating : 4.1/5 (365 download)

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Book Synopsis How to Refinance Your Mortgage and Loans by : Theo Katz

Download or read book How to Refinance Your Mortgage and Loans written by Theo Katz and published by . This book was released on 2013-08-12 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: What You Need to Know About a Mortgage LoanIn wanting to have your own home, you have to take one of the biggest financial decisions in your life. Unless you are going to purchase a real property in cold cash, you need to have the financial means to be able to pay for your mortgage.Before you finally get a house, it is crucial that you get to understand the mortgage process and procedures as well as the details pertaining to the interest rates and other terms and conditions. This allows you to choose the right mortgage loan that suits your financial capacity and your other needs.What is Mortgage?In a nutshell, mortgage is a long-term loan for borrowers who want to purchase a real estate property. With the help of a mortgage loan, you have the affordable means to own a house where you pay the principal amount of the loan plus the interest payments depending on the interest rate and the terms.To further understand your mortgage, you need to know how it functions and how you actually pay for it.Components of a Mortgage PaymentMortgage payments depend on factors like the amount of money to be borrowed and the term, which refers to the length of time you intend to fully pay back your mortgage loan.Longer terms allow you to pay lower monthly payments. But you can expect that you will have higher costs when you sum up the principal amount and the interest rates. Since long terms like the 30-year mortgage are affordable, many clients prefer to have this mortgage package.Now, how do you go about the calculation of a mortgage payment?Once you have determined the amount of money you intend to borrow and the terms, there are now four factors that come into play: the principal amount, interest, taxes and insurance.PrincipalEvery mortgage payment is allotted for the repayment of the principal. If you take a $500,000 mortgage, the principal amount that you have to pay is $500,000. The loan is just structured in such a way that the starting years are dedicated for primarily interest payments while the final years consist mainly of principal repayment.InterestThe bulk comprising your mortgage payment would consist of interest payments. The higher the interest rates mean that you have to pay for higher mortgage payments. As such, many people want to take advantage of a low interest rate on a mortgage.Other factors that can affect your mortgage payments include the insurance and the real estate taxes, which are then calculated by the government.

An Insider's Guide to Refinancing Your Mortgage

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Publisher : AMACOM Div American Mgmt Assn
ISBN 13 : 0814410308
Total Pages : 225 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis An Insider's Guide to Refinancing Your Mortgage by : David Reed

Download or read book An Insider's Guide to Refinancing Your Mortgage written by David Reed and published by AMACOM Div American Mgmt Assn. This book was released on 2008-09-15 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many homeowners, refinancing a mortgage can save them significant money, considerably reducing their monthly payments. It can also give them breathing space to pay off debts or allow them to make other investments, pay for college, or finance home improvements. An Insider’s Guide to Refinancing Your Mortgage is dedicated to an often-misunderstood aspect of mortgage lending: refinancing a mortgage loan. Readers will learn why to refinance, when to finance, as well as how to find the best lender, loan officer, and rate. Mortgage expert David Reed takes readers step bystep through the refinance process and shows them how to evaluate their current loan program and compare it with other options. By following Reed’s invaluable advice, homeowners will learn: when a refinance is right for them • how to lock in the absolute lowest rate at the lowest cost • how the mortgage process works from the inside • how loan officers get paid • how to identify and avoid predatory lenders • how to negotiate closing costs An Insider’s Guide to Refinancing Your Mortgage will save readers money and heartache when negotiating a loan.

New Ideas for Refinancing and Restructuring Mortgage Loans

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Publisher :
ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis New Ideas for Refinancing and Restructuring Mortgage Loans by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing, Transportation, and Community Development

Download or read book New Ideas for Refinancing and Restructuring Mortgage Loans written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing, Transportation, and Community Development and published by . This book was released on 2012 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The White Coat Investor

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Publisher : White Coat Investor LLC the
ISBN 13 : 9780991433100
Total Pages : 160 pages
Book Rating : 4.4/5 (331 download)

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Book Synopsis The White Coat Investor by : James M. Dahle

Download or read book The White Coat Investor written by James M. Dahle and published by White Coat Investor LLC the. This book was released on 2014-01 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Doctors are highly-educated and extensively trained at making difficult diagnoses and performing life saving procedures. However, they receive little to no training in business, personal finance, investing, insurance, taxes, estate planning, and asset protection. This book fills in the gaps and will teach you to use your high income to escape from your student loans, provide for your family, build wealth, and stop getting ripped off by unscrupulous financial professionals. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won't find in other financial books. This book will teach you how to: Graduate from medical school with as little debt as possible Escape from student loans within two to five years of residency graduation Purchase the right types and amounts of insurance Decide when to buy a house and how much to spend on it Learn to invest in a sensible, low-cost and effective manner with or without the assistance of an advisor Avoid investments which are designed to be sold, not bought Select advisors who give great service and advice at a fair price Become a millionaire within five to ten years of residency graduation Use a "Backdoor Roth IRA" and "Stealth IRA" to boost your retirement funds and decrease your taxes Protect your hard-won assets from professional and personal lawsuits Avoid estate taxes, avoid probate, and ensure your children and your money go where you want when you die Minimize your tax burden, keeping more of your hard-earned money Decide between an employee job and an independent contractor job Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation Take a look at the first pages of the book by clicking on the Look Inside feature Praise For The White Coat Investor "Much of my financial planning practice is helping doctors to correct mistakes that reading this book would have avoided in the first place." - Allan S. Roth, MBA, CPA, CFP(R), Author of How a Second Grader Beats Wall Street "Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research." - William J. Bernstein, MD, Author of The Investor's Manifesto and seven other investing books "This book should be in every career counselor's office and delivered with every medical degree." - Rick Van Ness, Author of Common Sense Investing "The White Coat Investor provides an expert consult for your finances. I now feel confident I can be a millionaire at 40 without feeling like a jerk." - Joe Jones, DO "Jim Dahle has done for physician financial illiteracy what penicillin did for neurosyphilis." - Dennis Bethel, MD "An excellent practical personal finance guide for physicians in training and in practice from a non biased source we can actually trust." - Greg E Wilde, M.D Scroll up, click the buy button, and get started today!

Purchase and Refinance Mortgage Process

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Publisher : Fractal Infinite LLC
ISBN 13 :
Total Pages : 118 pages
Book Rating : 4./5 ( download)

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Book Synopsis Purchase and Refinance Mortgage Process by : Revathi Raj Kumar

Download or read book Purchase and Refinance Mortgage Process written by Revathi Raj Kumar and published by Fractal Infinite LLC. This book was released on with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: ​I started my real estate journey when I bought my dream home several years ago. I didn't know a lot, but was very curious to learn more. This curiosity drove me to keep learning more. I refinanced the mortgage multiple times to take advantage of the lower interest rates. I refinanced to 15 year mortgage to lower interest rate even further. Had a mindset change to focus on expanding income instead of reducing expense. Explored further on this to understand the single family rental market. Spent several hours on BiggerPockets website to learn and then became a landlord. To expand my understanding further completed hundreds of hours of Pre-Licensure education, took the license tests on Mortgage Broker, Real Estate Agent, Insurance Agent, Notary Public and aced all. Teaching and helping others has been a passion for me since my childhood. I am passionate and dedicated in whatever I do. I became a volunteer to teach Tamil to kids. To take a step further became a woman entrepreneur to help others in their real estate journey. I am competent, skillful, and work with the highest level of integrity. My clients can depend on me to ensure that all elements of the transaction are completed properly and professionally. My comprehensive knowledge in real estate, mortgage and insurance provides my clients with an efficient experience throughout the process. I am a licensed Mortgage Broker in California & Texas, licensed Insurance agent providing services in California & Texas, Real Estate agent in California Bay area. Come join me and Let's make it happen! Fractal Infinite is a one stop solution for your Mortgage Broker needs in California & Texas, Real Estate Agent needs in California bay area, Insurance Agent needs in California & Texas and Mobile Notary & Loan Signing Agent needs in Contra Costa & Alameda county California.

Helping Responsible Homeowners Save Money Through Refinancing

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Author :
Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Helping Responsible Homeowners Save Money Through Refinancing by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing, Transportation, and Community Development

Download or read book Helping Responsible Homeowners Save Money Through Refinancing written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing, Transportation, and Community Development and published by . This book was released on 2013 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The inefficiency of refinancing : why prepayment penalties are good for risky borrowers

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Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (696 download)

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Book Synopsis The inefficiency of refinancing : why prepayment penalties are good for risky borrowers by : Christopher J. Mayer

Download or read book The inefficiency of refinancing : why prepayment penalties are good for risky borrowers written by Christopher J. Mayer and published by . This book was released on 2010 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the practice of mortgage refinancing in a dynamic competitive lending model with risky borrowers and costly default. We show that prepayment penalties improve welfare by ensuring longer-term lending contracts, which prevents the mortgage pools from becoming disproportionately composed of the riskiest borrowers over time. Mortgages with prepayment penalties allow lenders to lower mortgage rates and extend credit to the least creditworthy, with the largest benefits going to the riskiest borrowers, who have the most incentive to refinance in response to positive credit shocks. Empirical evidence from more than 21,000 non-agency securitized fixed rate mortgages is consistent with the key predictions of our model. Our results suggest that regulations banning refinancing penalties might have the unintended consequence of restricting access to credit and raising rates for the least creditworthy borrowers.

Everything about Home Loans

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Publisher :
ISBN 13 : 9780963618986
Total Pages : 340 pages
Book Rating : 4.6/5 (189 download)

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Book Synopsis Everything about Home Loans by : Darryl Beasley

Download or read book Everything about Home Loans written by Darryl Beasley and published by . This book was released on 1994-07 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Save over $100,000 refinancing a home, with no payment increase -- How to cut thousands of dollars off home loans. -- Discusses how to qualify for a home loan, how to choose the right lender and when to refinance. -- Closing costs, tax deductions, construction financing, choosing the right mortgage, and what to do when applications have been denied, are all covered in this guide.Whether a struggling consumer, or a skilled real estate expert, the reader will find needed answers in this book. Shows renters how to buy a home, homeowners how to refinance or improve their mortgages, and serves as a valuable handbook for realtors, investors and mortgage lenders.This well-written, simple approach to educating people puts light at the end of the tunnel and gives people real, tangible hope for the future of home ownership. -- R. Carter Langston, Courier-Tribune Asheboro, North CarolinaThe most complete work I've seen on home loans. An excellent handbook for anyone in the real estate field and an absolute must for existing or potential homeowners. -- Jim Dimos, Attorney and Louisiana State Representative

Mortgage Power - An Asset in the Making

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Publisher : Lulu.com
ISBN 13 : 1304301478
Total Pages : 160 pages
Book Rating : 4.3/5 (43 download)

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Book Synopsis Mortgage Power - An Asset in the Making by : Lloyd Streisand

Download or read book Mortgage Power - An Asset in the Making written by Lloyd Streisand and published by Lulu.com. This book was released on 2013-09 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Mortgage Power - An Asset in the Making, I show you how to convert your mortgage-often your biggest liability-into what can become your biggest asset, and why you must do it for your financial future. I not only present the underlying theory behind the premise of modifying a mortgage to create wealth, but I also give you real-world examples, with numbers that add up to prove the astounding benefits. I show you how to manage and modify your mortgage, and in so doing how to create tremendous wealth and prosperity from something as basic as a mortgage. By making simple changes to your mortgage, you can ultimately create an asset that will provide you benefits long into your retirement-benefits that would otherwise be unavailable to you. Mortgage Power reveals how to buy a home with a limited down payment, how to build your mortgage team, how to navigate the mortgage process, why you should own and not rent, and why you should avoid a 30-year fixed rate mortgage like the plague.