Comments on: ARMS – better than a fixed rate mortgage? http://www.iboughtaduplex.com/financial/arms-better-than-a-fixed-rate-mortgage.php "Are you sure you can handle managing something like that?" Well, there's one sure way to find out... Thu, 01 Jul 2010 01:38:07 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Dora Vialovos http://www.iboughtaduplex.com/financial/arms-better-than-a-fixed-rate-mortgage.php/comment-page-1#comment-27898 Dora Vialovos Sat, 19 Apr 2008 17:46:29 +0000 http://www.iboughtaduplex.com/financial/arms-better-than-a-fixed-rate-mortgage.php#comment-27898 I have a fixed rate mortgage with Wells Fargo. I am in a little bit of financial problem because of my daughter's financial problems. How can I pay less on my mortgage without penalty (paying for it in the end). Thanks Dora I have a fixed rate mortgage with Wells Fargo. I am in a little bit of financial problem because of my daughter’s financial problems. How can I pay less on my mortgage without penalty (paying for it in the end). Thanks
Dora

]]> By: Lee Matthews -- Financial Concepts West http://www.iboughtaduplex.com/financial/arms-better-than-a-fixed-rate-mortgage.php/comment-page-1#comment-20765 Lee Matthews -- Financial Concepts West Mon, 28 Jan 2008 23:33:09 +0000 http://www.iboughtaduplex.com/financial/arms-better-than-a-fixed-rate-mortgage.php#comment-20765 "I ran across an article at the Consumerist that offers another viewpoint in favor of the ARM - by allowing people to pay less per month (vs. a fixed mortgage), you’re allowing them more flexibility with their budgets." A far better idea is to use a Home Equity Line of Credit (HELOC) as an "interest cancellation" account to accelerate home equity and payoff the home years sooner than per the amortization schedule. Today’s Real Estate market means that folks can no longer count on appreciation to build home equity. Those who realize that they need to pay down their current mortgage debt are looking for alternate ways to aggressively (yet safely) build equity. And they've discovered a perfect online system to do that; they can focus on their wealth accumulation goals while accelerating their equity simply by using a Home Equity Line of Credit to ‘power’ the Money Merge Account™ financial solutions program. A typical 30 year loan (of whatever type) can be paid down in 1/3 to 1/2 the time — it's a great way to save *huge* amounts of income by eliminating a mortgage amortization front-end interest load. (On a million-plus dollar home, I've personally seen where the Money Merge Account™ program will save the homeowner $750,000 in interest charges!) And the best thing – homeowners don’t have to refinance their existing mortgage or, in most cases, make any adjustments to their lifestyle. It is unfortunate that most of us were never taught to follow three essential principles: (1) Avoid paying interest, whenever possible, (2) Use other people’s money, whenever possible and (3) Find and use a financial system that will guide you, especially if you have the tendency to go off-track. The Money Merge Account™ software and the program’s counselors use these principles to keep each homeowner focused on their wealth accumulation goals. I’d be happy to provide further details… “I ran across an article at the Consumerist that offers another viewpoint in favor of the ARM – by allowing people to pay less per month (vs. a fixed mortgage), you’re allowing them more flexibility with their budgets.”

A far better idea is to use a Home Equity Line of Credit (HELOC) as an “interest cancellation” account to accelerate home equity and payoff the home years sooner than per the amortization schedule.

Today’s Real Estate market means that folks can no longer count on appreciation to build home equity. Those who realize that they need to pay down their current mortgage debt are looking for alternate ways to aggressively (yet safely) build equity.

And they’ve discovered a perfect online system to do that; they can focus on their wealth accumulation goals while accelerating their equity simply by using a Home Equity Line of Credit to ‘power’ the Money Merge Account™ financial solutions program.

A typical 30 year loan (of whatever type) can be paid down in 1/3 to 1/2 the time — it’s a great way to save *huge* amounts of income by eliminating a mortgage amortization front-end interest load. (On a million-plus dollar home, I’ve personally seen where the Money Merge Account™ program will save the homeowner $750,000 in interest charges!)

And the best thing – homeowners don’t have to refinance their existing mortgage or, in most cases, make any adjustments to their lifestyle.

It is unfortunate that most of us were never taught to follow three essential principles: (1) Avoid paying interest, whenever possible, (2) Use other people’s money, whenever possible and (3) Find and use a financial system that will guide you, especially if you have the tendency to go off-track. The Money Merge Account™ software and the program’s counselors use these principles to keep each homeowner focused on their wealth accumulation goals.

I’d be happy to provide further details…

]]> By: ConnieBrz http://www.iboughtaduplex.com/financial/arms-better-than-a-fixed-rate-mortgage.php/comment-page-1#comment-19072 ConnieBrz Fri, 09 Nov 2007 02:01:14 +0000 http://www.iboughtaduplex.com/financial/arms-better-than-a-fixed-rate-mortgage.php#comment-19072 Just thinking about ARM's today and wondering if this would be a good idea for our next house... do you know if its true that if you prepay an ARM (and rates don't rise), then payments will drop as the mortgage readjusts for a 30 year payoff? Just thinking about ARM’s today and wondering if this would be a good idea for our next house… do you know if its true that if you prepay an ARM (and rates don’t rise), then payments will drop as the mortgage readjusts for a 30 year payoff?

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