11.3M Homeowners Underwater on Mortgage

Would you believe that nearly 1 out of every 4 homes with a mortgage in the US is currently worth less than is owed on the mortgage?  This week on the radio show we talked about using intelligent mortgage planning in order to unlock the power of your home equity for building wealth.  I wonder how many of these people wish that they would have heard about and implemented this strategy before they watched their hard earned home equity evaporate before their eyes.  Another 2.3 million homes have less than 5% home equity according to this article.  Using this strategy is a hedge against home prices falling and if implemented properly, gives you more liquidity and more safety.  Having the discipline to INVEST the money instead of spending it is the key here.  Borrowing money using your home as collateral and spending it frivolously is called BAD DEBT.  Accessing your home equity and placing it into an investment vehicle that is safe and predictable is called INTELLIGENT LEVERAGE.  Might it be a good time to have your mortgage reviewed to see if this is a strategy that could work for you?  If so, contact us today!

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