kbs
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I rest my case. You didn't get them to do up a quote for you. I have no aspiration of making $500,000/yr, I just think that some of the strategies are really neat and I think people deserve to know they are available for the taking. I don't know where you come up with this idea that you've got to fork out a butt load of $$$ to have them draw up a plan for you. Do you know how the banks use the HELOC that they offer customers? Do you know that it doesn't benefit them like it should. WFG and a few other organizations help people take advantage of those sorts of things. If you don't want to that's fine, I'll help someone else cut their monthly mortgage payment in half. Now you dared me to tell you how....OK I'll tell you how. The Banks offer what is called the HELOC, Home Equity Line of Credit the normal person takes advantage of this and uses the extra cash to take a vacation, revovate their house etc, which keeps them in perpetual debt. Does this sound like something that a financial institution should be doing to it's clientelle? Because the HELOC allows you to separate your interest payments and principle payments you are only required to pay the interest freeing up the principle payments. If you invest those other payments over the long haul becasue of compound interest you'll have some good coin saved up and be able to pay your house off sooner and still have cash in the bank. Now I don't see the banks advertising this to the regular home owners so it's a slight issue. Please stop being ignorant and bitter, move on. BTW the mortgage manager of TD Canada uses this technique, if it's good enough for him, I think it can benefit the average person.
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