Don't Re-finance your mortgage...Eliminate it!
Then throw a MORTGAGE BURNING PARTY for the neighbors.
To learn more...
Homeowners' equity fell to an average of 51.7% of the value of homes at the end of the second quarter (last year). Down from 62% 18 years ago!*
According to the Center forEconomic and Policy Research: "homeowners were borrowing against them (their homes) as fast if not faster than the appreciation"*
Sub-prime mortgages, 100% loans, and other factors have led to homeowners having less and less equity in their homes.
Several committees in Congress are looking at ways to limit the mortgage interest deduction through legislation being introduced this year! So get out of the mindset of using your mortgage interest deduction as a financial tool.
NOAH/SE accelerator provides you with software and instructions on how you can pay off your mortgagein one third the time!
*Associated Press story 01/19/08
Back in the 50's, 60's and 70's homeowners actually worked and saved to pay off their mortgage. After making their last payment the new real homeowners would invite the neighbors over, ceremonially burn their mortgage papers in the trash can and then unveil the deed to their home and proceed to have a cookout!
Only 31.8% of Americans own their home compared to 52% 25 years ago.
FEDERAL RESERVE STUDY SHOWING THAT LAST YEAR, OWNER EQUITY IN U.S. HOMES FELL BELOW 50%, MEANING IT IS EXCEEDED BY MORTGAGE DEBT FOR THE FIRST TIME SINCE 1945!
TO START PREPARING FOR YOUR VERY OWN MORTGAGE BURNING PARTY CLICK HERE
