Home Equity and Reverse Mortgages

2018-01-05

Author : Harlan J Accola
Release : 2018-01-05
Genre :
Kind : eBook
Book Rating : 964/5 ( reviews)

Book Synopsis Home Equity and Reverse Mortgages by : Harlan J Accola

Download or read book Home Equity and Reverse Mortgages written by Harlan J Accola. This book was released on 2018-01-05. Available in PDF, EPUB and Kindle. Book excerpt: In this unorthodox retirement book, Home Equity and Reverse Mortgages: The Cinderella of the Baby Boomer Retirement, Harlan J. Accola is frank about the current state of retirement planning. As baby boomers reach the prime of their lives, they find themselves faced with new challenges. Ten thousand baby boomers retire per day, but there simply is not enough money to go around. If you want to have a fun and prosperous retirement, you are going to have to get creative. This is not your father's-- or your grandfather's retirement! Creative doesn't mean foolish- but it does mean different than what you have been thinking and what you have been told by conventional wisdom. This book is counterintuitive. The advice that Accola offers is guidance gleaned from over twenty years in the industry and collaboration with several financial planning experts and researchers referred to liberally throughout the book. The clear conclusion of the overwhelming evidence in the research shows that most people should get a reverse mortgage as soon as they are eligible at age 62- not 82 or 92 when they run out of money. Accola also understands the psychological barrier that arises when the reader hears the term "reverse mortgage." He asks, "If what you thought you knew about home equity and reverse mortgages was wrong, when would you want to know?" He warns that the longer it takes you or your family to find the truth, the more dangerous it is. He attests to the stability and efficiency of a reverse mortgage and teaches the reader how to safely and profitably use one of the largest assets you have stored in your net worth- home equity. Accola covers the following in the entertaining Cinderella fairy tale format: The scary landscape ahead for millions of unsuspecting Baby Boomers The basics of creating liquidity from your home equity The psychology behind accepting or rejecting reverse mortgages The importance of planning ahead and buying an umbrella before it starts to rain. Real and immediate action steps that will help you get the most out of your retirement In this easy-to-understand and fun guide, Accola presents step by step how to properly use home equity so you can enjoy the fourth quarter of your life and still leave a planned legacy for the next generation.

The Home Equity Sharing Manual

1994-10-28 Business & Economics

Author : David Andrew Sirkin
Release : 1994-10-28
Genre : Business & Economics
Kind : eBook
Book Rating : 330/5 ( reviews)

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Book Synopsis The Home Equity Sharing Manual by : David Andrew Sirkin

Download or read book The Home Equity Sharing Manual written by David Andrew Sirkin. This book was released on 1994-10-28. Available in PDF, EPUB and Kindle. Book excerpt: Now you can own your own home even if you can’t afford a down payment. Thanks to equity sharing, thousands of people already enjoy the freedom and security of owning their own home. Now you can too! In The Home Equity Sharing Manual, attorney David Andrew Sirkin shows you how to pool your resources with a seller, relative, or investor so that you can make a home down payment and qualify for a mortgage, and get fabulous investment returns and tax benefits. In easy-to-understand language, the author explains proven equity sharing strategies and shows you how to make them work every time. The Home Equity Sharing Manual is the most up-to-date and complete book available on equity sharing—a technique that is revolutionizing home owner-ship across America. It includes: Dozens of real-life case studies of people who realized the dream of home ownership through equity sharing Step-by-step instructions for finding and working with a co-owner/investor Detailed strategies for maximizing tax benefits for you and your co-owner/investor Samples of all the important legal documents used in equity sharing with clear explanations of what they mean A frank assessment of the risks of equity sharing and instructions on how to minimize them So stop paying a fortune in rent with nothing to show for it. Enjoy the benefits of home ownership before rising prices and interest rates put your dream home out of reach. Let The Home Equity Sharing Manual show you how. The Home Equity Sharing Manual is not just for aspiring home owners. It is indispensable for everyone who can benefit from equity sharing—parents who want to help their children buy their first home, investors looking for a secure and high-yielding investment and tax shelter, sellers in a slow market, and real estate professionals who want to become experts on America’s fastest-growing home ownership method.

Replace Your Mortgage

2016-04-21 Finance, Personal

Author : Michael Lush
Release : 2016-04-21
Genre : Finance, Personal
Kind : eBook
Book Rating : 445/5 ( reviews)

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Book Synopsis Replace Your Mortgage by : Michael Lush

Download or read book Replace Your Mortgage written by Michael Lush. This book was released on 2016-04-21. Available in PDF, EPUB and Kindle. Book excerpt: If you could pay off your mortgage in even a third of the time instead of waiting thirty years to pay it off, wouldn't you want to know how to do that? It's possible with the right home loan. While it may seem unbelievable, it comes down to math and a little education that banks prefer homeowners not know about. Michael Lush has spent fifteen years as a mortgage originator helping consumers get into their dream home. After speaking to a wealthy mentor of his, he then stumbled across how the wealthy finance their homes using lines of credit. Along with his co-author, David Dutton, Lush now teaches future homeowners, present homeowners as well as successful real estate investors how to use a simple home equity line of credit to pay off a home in 5-7 years. In this book you will learn: - The case against a mortgage from a 15 year mortgage veteran. - Why making extra payments on a mortgage vs a HELOC is still slower and also locks your money up until you sell your home. - 2 important reasons why this strategy isn't more well known. - How to pay off a home faster even if you have very little equity. - 5 powerful resources that will help you get started quickly to becoming mortgage free. - Pros and Cons of a HELOC - The deadly mistakes homeowners make when using a HELOC - How to build a real estate empire. - How to buy a vacation home and pay it off quickly (See chapter 9) Before you even think about signing on for a thirty year mortgage, you owe it to yourself to read this book as well as check out their popular Youtube channel.

Home Run

2021-08-20 Business & Economics

Author : Steven Ranson
Release : 2021-08-20
Genre : Business & Economics
Kind : eBook
Book Rating : 305/5 ( reviews)

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Book Synopsis Home Run by : Steven Ranson

Download or read book Home Run written by Steven Ranson. This book was released on 2021-08-20. Available in PDF, EPUB and Kindle. Book excerpt: In this easy-to-understand book, HomeEquity Bank CEO Steven Ranson and Executive Vice President Yvonne Ziomecki discuss the ins and outs of reverse mortgages and how they can provide Canadians 55+ with a secure retirement.

The Home Equity Acceleration Plan

2011-04-20

Author : Roccy DeFrancesco
Release : 2011-04-20
Genre :
Kind : eBook
Book Rating : 822/5 ( reviews)

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Book Synopsis The Home Equity Acceleration Plan by : Roccy DeFrancesco

Download or read book The Home Equity Acceleration Plan written by Roccy DeFrancesco. This book was released on 2011-04-20. Available in PDF, EPUB and Kindle. Book excerpt: Pay off your home mortgage 5, 10, or even 15+ years early and save thousands of dollars in interest payments without changing your lifestyle, obtaining a new mortgage, or paying thousands of dollars for expensive software. Today, 1 in 10 Americans is facing foreclosure and 48% of Americans worry about losing their homes. Now more than ever, the American dream of homeownership (the dream of owning our homes free and clear) is a dream shared by most, if not all, Americans. Most Americans expect to make mortgage payments for 15 or 30 years before they own their homes "free and clear," free of doubt and worry that they could lose their homes at any moment. What most Americans don't know is that there is an effective and economical way to pay off your home mortgage 5, 10, or even 15+ years early! In this book by Roccy DeFrancesco, the nation's leading trainer of advanced planning concepts for financial, insurance, mortgage and legal professionals, Roccy teaches you several important strategies that will help you pay off your home mortgage early, which in turn will allow you to save thousands of dollars in interest payments. Roccy teaches you about different types of mortgages and explains the pros and cons of other early mortgage payoff strategies. As a bonus, Roccy also gives you a strategy that will help you pay off your other debts early, so you can truly be debt free! After reading this book, you will have all the tools you need to pay off your home mortgage 5, 10, or even 15+ years early so you can finally own your home free and clear.

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