Is the HOME OWNERSHIP ACCELERATOR Loan the best loan in the United States today - and should you consider using it - to buy or refinance your home?
There is a new mortgage loan available in Denver Colorado (and 41 other states) that combines the effectiveness of a 15 year mortgage loan - combines it with a home equity line of credit on your home - and then combines it with your checking account...so that you can PAY OFF YOUR HOME IN 6-12 YEARS on average!!!
The HOME OWNERSHIP ACCELERATOR Loan compounds interest DAILY, and can permit you to buy or refi a home - yet pay the home off in 5-12 years, without you having to pay extra monthly payments, or have HIGHER monthly payments, or having to do Bi-Weekly or other strict payment rules!!! You can use the existing equity in your home (at any time) to pay bills and borrow money against - anytime YOU want to...with NO strict rules and NO pre-pay penalties!
The loan is perfect for financially savvy home buyers, Jumbo buyers AND older borrowers who want to pay off their home much faster - yet without all the extra payments and double or triple monthly payments.
The loan requires a 15% down payment on purchase loans in Colorado, a 680+ mid-fico score, and 'decent' reserve accounts like your 401k, investments/stocks and IRA's. The loan is actually a Home Equity Line of Credit at 85% LTV, allowing you the freedom to use your equity at any time, but combining it with your checking/saving accounts - so that all your paychecks can be used to REDUCE your average daily mortgage principle & other debts. You deposit your entire paychecks into this innovative loan, and dramatically reduce your mortgage principle balance. If you are a buyer or borrower with a very good monthly cash flow (you 'bank' a large portion of your paychecks without spending most of the money) you'll be able to rapidly reduce your mortgage loan balance...and I can show you how to pay off your home loan in 6-12 years on average - WITHOUT you changing your current spending habits.
Sound too good to be true? It's not...
The loan is very popular overseas in England, Australia and South Africa - as it makes your checking account work for you - instead of the banks keeping all your checking/savings account interest!
Watch the HOME OWNERSHIP ACCELERATOR Loan video - or call me for a better explanation on how you can pay off your Denver or other home in 5-8 years! This loan is amazing, because it compounds interest daily - NOT monthly like traditional loans. It also let's you use your checking account and savings account balances to pay down your mortgage loan - without you actually prepaying on your loan! For example, if you paid your $600,000 home down to $300,000 after a few years - you have the freedom to take out the $210,000 equity (up to 85%) to invest in a stock or mutual fund, buy a car for cash, pay for your kids college expenses - or start a new business. It's YOUR MONEY that you can access whenever you want to...you just write yourself a check!
It's more cost effective than a Reverse Mortgage for seniors (you never have to give the bank 60-90% of your house!) and it's also perfect for Baby Boomers with good incomes trying to pay off their homes faster...but who don't like being "locked into" 15 year notes and no capability to get the equity out fast - if you have an emergency and can't wait to refinance. This loan IS ALREADY a home equity loan...so you can get any of your money out at anytime by writing a check or by using your VISA debit card.
Decide for yourself - would you like to buy a home next month and have it paid off in 5-10 years WITHOUT having to double or triple your monthly house payments?
This is the MOST AMAZING loan this mortgage lender and Realtor has ever seen - email me what you think of it!!!
Showing posts with label credit crunch. Show all posts
Showing posts with label credit crunch. Show all posts
Friday, May 2, 2008
Sunday, April 20, 2008
US Housing Market Crashes! Home Ownership ENDS!!!
Seriously...how much more NEGATIVE real estate news can Buyers & Sellers take before our housing market basically IMPLODES!!!
That's all you hear right now - nothing but negative news on our 'bad' real estate market across the United States!!! Let's face it, how much more can the consumers stand before they just QUIT buying and selling - and say the hell with it? I know I'm sure getting fed up listening all this garbage...
As a full-time professional Denver real estate broker for the last 10 years, I have to admit there are some major problems going on in our industry that need to be addressed IMMEDIATELY!!!
Here are my top three suggestions to save our United States real estate market...
1. We must shrink the existing inventory of homes for sale - including all of the extra foreclosure homes! This is a huge dilemma because right now there are no more zero down loans and it's very difficult for first-time homebuyers to qualify to buy the extra inventory. Plus, on top of that, all investors need a minimum of 10% to purchase the other foreclosure homes as a nonowner occupied rentals or fix/flips, so there are LESS buyers to get rid of our oversupply...
2. The mortgage crisis must end immediately!!! If there are not loans for people that want to buy a home, then we will NEVER sell off our existing inventory of homes in most cities this summer, this fall this winter or in the next five years!!! The mortgage loan problem is the #1 obstacle for most Realtors helping to sell off excess inventory - including foreclosures. It's just so simple - it's just merely supply and demand, and right now there is still a good demand for homes ...but no supply of mortgage loans for a huge amount of borrowers. (It's estimated that 24%-28% of all potential homebuyers CANNOT qualify for a mortgage loan now!)
3. The theory of that "If it Bleeds - It Leads!" for news broadcasting, radio and newspaper stuff must STOP - when it comes to talking about real estate!!! I'm not a communist and I certainly don't believe in censored news, but the continued use of "Let's Scared to Death the American Homeowner" is NOT responsible journalism! As a matter of fact, even if you were buying a house that was depreciating $5,000 per year over the next 10 years, you'd still be paying the mortgage loan down and creating your largest retirement cash nest egg! Cars depreciate to nearly $0 value after 10-14 years...but if you maintain them - you still get to drive them! Homes have NEVER done that - NEVER!! Home ownership is like a "forced" savings account for most people - that you actually get to live in and enjoy...while you're saving! Duh!!!
So why does the news media continue to bash real estate and continue to scare the living crap out of most people?
The US housing market is never going to hit rock bottom and go to "zero" like some stocks do!
Since the evening news, radio broadcasts, and newspapers would not exist if it weren't for that advertising they sold, can't an intelligent person at the National Association of Realtors, the President of the United states or our "worthless" Congress explain to these media folks that owning housing is a POSITIVE ACCOMPLISHMENT for all people, of all colors, of all races, and of all political persuasions in the United States! According to the United States Census 82% of all wealth from retirees is sitting in their house! How can a 82% of weath creation be wrong? What am I missing here...why are they being so negative about real estate?
There's a lot of horrible things going wrong in the United States and in the world right now, but people still have to have housing! An INTELLIGENT PERSON certainly would realize that owning your own home outright - with NO mortgage payment (even if it was going down in value every year) is far better than paying out money to somebody else for a rent payment... even Einstein could figure this one out. Does feudal England, and the "class system" ring a bell? If you don't have a home that's paid off by the time you're ready to retire, then you are FORCED to keep paying money out up your Social Security and other savings - therefore creating the world's worst welfare state; that the United States will not be able to support!!!
Am I the only intelligent person out there that has this figured out?
Certainly our news media doesn't think the people are better off renting, after retiring - right? They certainly don't think retirees are going to start buying tents from REI and Wal-Mart and begin living in tent communities at new KOA Campgrounds 'suddenly' popping up all over the country - right? Owning your own house makes much more sense to me - or am I the only one who is NOT smoking crack? All the news media, Congress and the President need to do it to "inform" people that retiring without a home paid off - and paying rent out of your retirement is IMPOSSIBLE!!! Where is Ross Perot with his charts to show that you CAN'T retire comfortably (or at all) without owing your home outright? In the Soviet Union and Cuba, they built big high rise apartments for all the poor retirees - and poor peasants created by socialism...maybe the news media should show that and start promoting 'communal living' and socialism for retirees next!!! Or, maybe we should put retirees who don't own homes on icebergs and float them out to sea - to die - like the Eskimo's used to do...
Am I the only person left understanding that our present US housing mess needs IMMEDIATE help...???
That's all you hear right now - nothing but negative news on our 'bad' real estate market across the United States!!! Let's face it, how much more can the consumers stand before they just QUIT buying and selling - and say the hell with it? I know I'm sure getting fed up listening all this garbage...
As a full-time professional Denver real estate broker for the last 10 years, I have to admit there are some major problems going on in our industry that need to be addressed IMMEDIATELY!!!
Here are my top three suggestions to save our United States real estate market...
1. We must shrink the existing inventory of homes for sale - including all of the extra foreclosure homes! This is a huge dilemma because right now there are no more zero down loans and it's very difficult for first-time homebuyers to qualify to buy the extra inventory. Plus, on top of that, all investors need a minimum of 10% to purchase the other foreclosure homes as a nonowner occupied rentals or fix/flips, so there are LESS buyers to get rid of our oversupply...
2. The mortgage crisis must end immediately!!! If there are not loans for people that want to buy a home, then we will NEVER sell off our existing inventory of homes in most cities this summer, this fall this winter or in the next five years!!! The mortgage loan problem is the #1 obstacle for most Realtors helping to sell off excess inventory - including foreclosures. It's just so simple - it's just merely supply and demand, and right now there is still a good demand for homes ...but no supply of mortgage loans for a huge amount of borrowers. (It's estimated that 24%-28% of all potential homebuyers CANNOT qualify for a mortgage loan now!)
3. The theory of that "If it Bleeds - It Leads!" for news broadcasting, radio and newspaper stuff must STOP - when it comes to talking about real estate!!! I'm not a communist and I certainly don't believe in censored news, but the continued use of "Let's Scared to Death the American Homeowner" is NOT responsible journalism! As a matter of fact, even if you were buying a house that was depreciating $5,000 per year over the next 10 years, you'd still be paying the mortgage loan down and creating your largest retirement cash nest egg! Cars depreciate to nearly $0 value after 10-14 years...but if you maintain them - you still get to drive them! Homes have NEVER done that - NEVER!! Home ownership is like a "forced" savings account for most people - that you actually get to live in and enjoy...while you're saving! Duh!!!
So why does the news media continue to bash real estate and continue to scare the living crap out of most people?
The US housing market is never going to hit rock bottom and go to "zero" like some stocks do!
Since the evening news, radio broadcasts, and newspapers would not exist if it weren't for that advertising they sold, can't an intelligent person at the National Association of Realtors, the President of the United states or our "worthless" Congress explain to these media folks that owning housing is a POSITIVE ACCOMPLISHMENT for all people, of all colors, of all races, and of all political persuasions in the United States! According to the United States Census 82% of all wealth from retirees is sitting in their house! How can a 82% of weath creation be wrong? What am I missing here...why are they being so negative about real estate?
There's a lot of horrible things going wrong in the United States and in the world right now, but people still have to have housing! An INTELLIGENT PERSON certainly would realize that owning your own home outright - with NO mortgage payment (even if it was going down in value every year) is far better than paying out money to somebody else for a rent payment... even Einstein could figure this one out. Does feudal England, and the "class system" ring a bell? If you don't have a home that's paid off by the time you're ready to retire, then you are FORCED to keep paying money out up your Social Security and other savings - therefore creating the world's worst welfare state; that the United States will not be able to support!!!
Am I the only intelligent person out there that has this figured out?
Certainly our news media doesn't think the people are better off renting, after retiring - right? They certainly don't think retirees are going to start buying tents from REI and Wal-Mart and begin living in tent communities at new KOA Campgrounds 'suddenly' popping up all over the country - right? Owning your own house makes much more sense to me - or am I the only one who is NOT smoking crack? All the news media, Congress and the President need to do it to "inform" people that retiring without a home paid off - and paying rent out of your retirement is IMPOSSIBLE!!! Where is Ross Perot with his charts to show that you CAN'T retire comfortably (or at all) without owing your home outright? In the Soviet Union and Cuba, they built big high rise apartments for all the poor retirees - and poor peasants created by socialism...maybe the news media should show that and start promoting 'communal living' and socialism for retirees next!!! Or, maybe we should put retirees who don't own homes on icebergs and float them out to sea - to die - like the Eskimo's used to do...
Am I the only person left understanding that our present US housing mess needs IMMEDIATE help...???
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