Estate Planning & Fixed Annuity Forum.
Sign up  |   |   |  Calendar

  Author   Comment  

Avatar / Picture

Posts: 373
Reply with quote  #1 
They are doing it again, don't be a sucker.

Banks and finance companies are doing it again.
They are advertising home equity loans.
This is a sucker's loan.

Pay your home off and don't use it as an ATM.

Let me share some simple math with you.

Let’s say you have an $800 dollar a month house payment. (Principal and Interest) 

That works out to $9,600 per year. 

Do you know how much money you’d need in the bank at 3% interest to earn $800 per month? 

It’s $320,000 DOLLARS!!! 

Now most people would be quite please with themselves if they had $320,000 in the bank. 

Understand the monetary value of having your home PAID OFF! By having a PAID OFF home you have effectively put the $800 per month payment in your pocket, not the lenders.

DON’T use your home as an ATM.

Now go take on the day.
Fiduciary Financial Consultant
Office: 727-945-8599
Toll free: 1-877-331-GARY

Previous Topic | Next Topic

Easily create a Forum Website with Website Toolbox.

Gary D. Spicuzza,

The Trust Group
2435 U.S. Hwy. 19
Suite 125
Holiday, FL 34691

Office: 727-945-8599