YOUR HOME!

Most peoples' biggest investment and biggest expense is their home.

But the good news is that it is possible to save the MOST in your expenses. 

On average, with a 30 year mortgage, a person pays between 1.5-2x in interest as they did for their home. So if you purchased a home for $100,000, over the life of that 30 year mortgage, you will spend between $150,000-$200,000 JUST IN INTEREST!

Please read below some tips and strategies. 


Tax Deductible interest MYTH. 

This could be costing you Thousands each year. The myth works like this: The interest on your mortgage is tax deductible. This is great for some people because it is the biggest tax break they get. The problem with it is if you are using it, you're actually LOSING MONEY!!! Let's say you're in the 28% tax bracket and let's say you paid $10,000 this year in interest on your mortgage which means you could deduct $2,800 off your taxes ($10,000 x 28%= $2,800). You continue to use your mortgage deduction excuse for not becoming debt free since you think you will lose a big tax deduction if you have your house paid off.  Well, it is true that you will lose your tax deduction. 

However you're paying $1 of interest to receive .28 cents back in a tax write-off. How in the WORLD is that a good investment? YOU ARE LOSING .72 CENTS FOR EVERY DOLLAR YOU SPEND!! 

If you think that is a good return on your money, send me some of your money and I will give you back .30-.40 cents for every dollar that you send me. That is basically what a person is doing.

Of course, use that Tax Deduction if you aren't in the position to pay off your mortgage. But if you have the ability to pay your mortgage off DO IT. Don't use this Mortgage deduction myth as a reason to keep your Mortgage.  You will be THROWING AWAY $$$$.

I know some will say "But I can get a better return in stocks or real estate than in paying off my mortgage."   Below you will see a simple example of the long term effects of such thinking. You can also find another example under the "Interest" Button on the left.

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Here is an example of why it makes NO SENSE TO BE
PUTTING YOUR MONEY IN THE STOCK MARKET WHEN YOU HAVE A
MORTGAGE! (401K that are matched not included)

Regular Joe and SMART Joe both make the same
amount of money each Year. They both have the exact
same expenses and Mortgage payments etc... EVERYTHING
is the EXACT SAME for both Joe' except the way they
use their money.

Regular Joe earns $30,000 a year and has $300 left
over each month after he pays his mortgage, credit
cards, living expenses etc... Now everyone tells
Regular Joe to put that money in the stock market for
good long term profit. Regular Joe does that, each
month putting $300 into the market and is earning on
average 10% per year (Which is the overall long term
return in past history). After 30 years Regular Joe has
$684,000 (calculations according to
http://www.finaid.org).  And Regular Joe makes the
Final payment on his mortgage.  He is now Debt Free
after 30 years and has $684,000 in the market.

SMART Joe learns the Correct way to use his money,
and SMART Joe becomes TOTALLY Debt Free in 10
years! SMART Joe now has $1350 left over each
month because he is Debt Free. SMART Joe decides
he want to invest just like Regular Joe. Like Regular
Joe, SMART Joe gets a return of 10% per year on
his investments. SMART Joe puts $1350 per month
into the market. After a total of 20 years in the
market (30 years total), SMART Joe has $1,034,000
and has been Debt Free for 20 years.
Regular Joe and SMART Joe meet and compare the
last 30 years of their lives. Both of them still earn
the same amount, they both spend the same amount on
expenses, and they both are totally Debt Free including
their Mortgages. However SMART Joe has $350,000
MORE than Regular Joe ($1,034,000-$684,000 =
$350,000).  SMART Joe was Debt Free for 20
years and has a few less gray hairs because of it. On
top of that, SMART Joe saved more than $100,000 in
interest just by using his money the Correct way!

That of course is just an example and there are many factors that go into those calculations but SMART Joe does far better.

I can't go into all the details of how to do this because I don't own the rights to the information; However, on the following website you will find information on how to greatly increase your Equity in your Home quickly and to pay it off in 10 years or less.

CLICK HERE FOR THE DETAILS

This is by far the best package on a mortgage and on using your money wisely when it comes to your mortgage.   IT DOESN'T TALK ABOUT RE-FINANCING, BI WEEKLY PAYMENTS, USING INTEREST ONLY LOANS, OR ANYTHING LIKE THAT.  But it goes into great details about using your money correctly.   

If you have a mortgage or plan to have one at some point, I would highly recommend the information found on that website. THIS INFORMATION CAN SAVE YOU THOUSANDS OF DOLLARS AND MORE THAN LIKELY $100,000+ OVER YOUR LIFETIME AND THE LIFE OF YOUR CHILDREN!

Even though there is a cost for that information, they do offer a 90 day money back guarantee on their product.  I personally purchased the product and am quite pleased with it. I would NOT put anything on this site that I don't believe in or that doesn't offer a GUARANTEE.   I am here to help people save money so they give more.   I think that website can do a great deal to do just that.

Grab your last Mortgage statement and see how much you are throwing away in interest each and every month.  Could that money be put to better use? Absolutely!

Building Your own Home?

Also some good information if you are interested in building your own home in the next year can be found by clicking here

I hope to be using the information found on that website to build a new home within the next 12 months.   They talk about how to have instant equity when building your own home. You don't have to pound the nails yourself but there is some leg work that you would have to do.  But having 20-30% instant equity in your home when it is complete may be worth it for you. 

They also offer a 90 day money back guarantee on their information.  It is very much worth it.

Your home is a great asset and a blessing.  But remember it isn't really yours.  We should never hold on to "THINGS" so tightly that we could not give them up.  If the Lord blesses you with a Big home, that is TERRIFIC but it is only temporary. Your real home is Heaven with him.

Even the average person can spend 100's of THOUSANDS in their lifetime in interest on mortgages.  If you can shave off a good % of that amount and give it to the Lords Kingdom it could do tremendous work.

So check out the Mortgage information from Wise Mortgage Info