Lending Company Puts Forth A New Philosophy
Below is a MRR and PLR article in category Finance -> subcategory Mortgage.
Global Equity Lending Introduces a Revolutionary Approach
Summary:
Global Equity Lending (GEL) has unveiled a groundbreaking philosophy rooted in the belief that securing a stable financial future is more challenging than ever. As the financial landscape evolves, traditional practices may need a revamp. GEL's new approach is dubbed "Harnessing The Power of Your Mortgage."Transform Your Financial Strategy
In today's financial climate, credit card debt has surged, with the average American household burdened by $9,000 in debt at 16% interest. Paying off this debt over a decade amounts to over $8,000 in interest alone. GEL offers a more cost-effective strategy: borrowing money through your mortgage, a potentially cheaper and tax-deductible option, rather than high-interest credit cards or loans.
Challenging Conventional Wisdom
Historically, Americans have been advised to secure the lowest rate mortgage, set up bi-weekly payment plans, and make additional payments whenever possible. However, GEL, along with New York Times Best Selling author Rick Edelman, suggests the opposite approach. Edelman asserts, "You should get a big, 30-year mortgage and never pay it off," emphasizing the following guidelines:
1. Avoid sending extra payments to your mortgage.
2. Steer clear of bi-weekly payment plans.
3. Opt for the smallest payment with the largest tax deduction.
4. Consider extra mortgage payments as cash under the mattress.
Five Reasons for a Long-Term Loan
Edelman provides compelling reasons to carry a long-term loan:
1. Mortgages don't affect your home's value, which appreciates regardless.
2. Mortgages are the cheapest form of borrowing compared to credit cards with interest rates as high as 18%.
3. Mortgages offer excellent tax benefits, unlike credit card and car loans.
4. Accessing home equity allows financial flexibility during unexpected events like job loss.
5. Over time, mortgage payments become more manageable as your income rises, though the payments remain constant.
Case Study: A Tale of Two Brothers
GEL illustrates this philosophy through a case study, "The Tale of Two Brothers." The scenario compares Brother A, who follows traditional methods, with Brother B, who adopts GEL and Edelman's strategy. Over 30 years, Brother B gains nearly a million-dollar advantage by investing savings from an interest-only loan, combined with mortgage tax benefits. For more details, visit [YourBigHouse.com](http://yourbighouse.com).
Conclusion
If you're ready to embrace this innovative financial perspective and are prepared to invest savings for growth, an interest-only loan or GEL's power option loan could be beneficial. However, proceed with caution and informed planning.
For further information on this new philosophy, visit [YourBigHouse.com](http://yourbighouse.com).
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