Most People just don't understand the power of using their home as a Wealth Creation Tool. How many people do you know who have lived in the same house for 10, 15 or more years and have virtually no mortgage, You know the Type ‘House Rich Cash Poor’. There are strategies these homeowners can use to put that House Rich Part to work Building Wealth.
Did you miss the Going out of Business sale at the Bank Last Week? They were selling $100 bills for only $97. Darn you missed it. Ok the Bank didn't have a going out of business sale but if they did how many $100 Bills would buy? I'd back up the SUV to the bank and see how many Bills I could get in and then go back for as many Trips as I could. Your Bank is Selling $100 Bills for $97 Back up the SUV.
The Equity in your Home is like that Bank. If you Qualify you can Borrow money at 2% or Less and turn around and Achieve Returns of 5% or More fairly safely with Equity Indexed Annuities. In Most cases the money you borrow is Tax Deductable while the money you place in the Equity Indexed Annuity is Tax Defered.
Taking a Closer Look, If you Borrow money at 2% and turn around and get a return of 5% that means your net return is 3%. For Evey $100 you Borrow you are placing $3 in your pocket. Wow the bank really is selling $100 Bills for only $97.00
Many lenders are offering Mortgages with the payment fixed at 2% for the first 5 Years. What are you waiting for back up that SUV and get your $100 Bills Today.
Mike Makler is a Financial Consultant in the St Louis Missouri Area Specializing in Real Estate Loans and Annuites. To Learn More Call Mike at 314 398-5547 or Visit Mike's Web Page http://ewguru.com/finance
Copyright © 2005-2006 Mike Makler