Create Wealth through Your Home's EquityBy Sheryl Landrum
Email a Friend Printer Friendly
I went to a seminar recently by Douglas Andrews, the author of Missed Fortune: 101 and the upcoming Last Chance Millionaire. Mr. Andrews' premise is that high equity in our homes equates to a loss of economic opportunity to increase our wealth. If you have equity in your home, here is something to consider.
Mortgage interest is still one of our best income protectors and many people refinance their homes to buy investment property. A great idea considering the National Association of Realtors states that "the national median price of homes bought ten years ago has increased 88%. The number of US households is expected to increase 15% during the next decade" Wow! What a great way to build more accessible income--buying property that generates revenue through rents and appreciation while generating tax deductible interest and depreciation as well.
If the above piques your interest, talk to your financial advisor and/or a trusted loan officer today. Begin creating wealth through accessing your home's equity. The money you earn will be your own.
About the Author
Sheryl Landrum is a Senior Loan Officer with Charter Funding, Inc. in Carlsbad, California and a freelance writer on mortgage issues.
30-Year Fixed Rate -Get Mortgage Quotes In Your Area
15-Year Fixed Rate -Get Mortgage Quotes In Your Area