Look for the right heart The stakes couldn't be higher. You take on a mortgage…
The Three Mortgage Secrets
Your single biggest category of expenses
Did you know that taxes is the single biggest category of expenses that most people have? Yet most people can do little about the taxes they pay without some major changes in how they handle their finances.
Therefore, this makes mortgage interest as the single biggest category of expenses over which most people have direct control.
Now it may not seem like you have direct control over your mortgage, but you really do.
You really do have control over your mortgage
For most people, your home mortgage is the biggest loan you will ever take on in your lifetime.
Yet when I ask in my seminars how many people really understand what they were doing when they received their mortgage financing, few if any people raise their hands. This tells me that most people are hoping and praying that they are doing the right thing, but they don’t really know for sure.
Since the mortgage is the biggest loan you will take on and because it can have such a huge impact on your ability to become debt-free and financially independent, it is important that you are wise about mortgages.
You must understand the Three Mortgage Secrets
First, you need to understand the Three Mortgage Secrets, particularly when it comes to obtaining your mortgage financing.
Even though your ultimate goal is to never need credit again, while you are in the process of getting out of debt you still may need to refinance your current home or finance your next home.
Knowing the Three Mortgage Secrets can help you choose the right mortgage financing that you can pay off the fastest – and pay the least amount of interest, thereby keeping more of that money for yourself.
Second, once you make sure that you have the right mortgage financing, you need to be very clear about why it is important that you pay it off quickly. The culture will tell you that you should keep your mortgage. That is not true and you need to understand why.
As I have taught my Loan Payment Freedom Secrets seminar, most people have said that they do not really understand the process of getting mortgage financing.
So, why do they get a mortgage loan? Obviously, because they want the house. Since most people don’t really understand the mortgage and home buying process, it is critical that you understand the Three Mortgage Secrets.
Discover the Three Mortgage Secrets here:
Mortgage Secret #1 – The Interest Rate Is Not as Important as the Total Interest You Pay
Related Posts
