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Advanced Elimination Debt Strategy
Posted by: | CommentsWe find two camps of people:
1) Those that are okay. This means that they would have a positive net income. strategy
2) People who are underwater. This means that they have a negative net income.
My question is in either case can I pay off my debt more efficiently and faster? The answer to both camps is yes, but it may take different strategies for the two camps.
Let’s talk about camp 2) first. When there is more month than income, where do we start and how can I reverse this situation? The first thing I need to know is how much net income I have in my budget and where are my expenses? The program I like is called HOPE (Helping Ordinary People Excel.) I may have to rearrange the “buckets” of money in my budget for it may be the only way to reverse my net income status. By using the HOPE computer system this can be accomplished over a period of time.
Camp 1) needs to be able to maximize the power of your income by reversing the banking system to work for you instead of the bank. This can be done by using the MCA (Mortgage Checking Account.) The MCA system positions you to use bank interest free to pay your bills while repositioning debt each month accelerating your interest savings and paying off debt. This works best by using a line of credit (HELOC or PLOC) to utilize your discretionary income each month.
Interest works 24/7. Do you want it to work for you or continue to work for your bank?
BENEFITS OF MCA ADVANCED SYSTEM:
- Faster results by incorporating more debt reduction strategies simultaneously
- Larger interest savings
- Easier to succeed and more efficient use of each dollar
- Leverages your income saving daily calculated interest
- Less monthly maintenance
- Eliminates some consumer debt immediately
- Incorporates a line of credit to increase liquidity (access to more money)
- Pay off multiple properties simultaneously
- Neutralizes variable and inconsistent incomes
- Natural behavioral change for lasting results
Loan Modification Basics
Posted by: | CommentsWho qualifies?
Those individuals who have been classified as having financial hardship. Some examples include:
- Those who are a few months behind on their payments
- Those with negative amortization loans
- Those with arm loans
- Those who are upside down on their loans (owe more than home is worth)
Also personal financial hardships, including:
- Reduced income or hours
- Divorce or separation
- Excessive medical bills or back taxes
- Failed businesses or loss of employment
Why offer loan modifications?
When financial problems occur the home is one of the largest investments people have and is affected the most. Our purpose is to eliminate debt and create wealth. If your mortgage payment could be reduced by the mortgage company you now have the ability to pay off accumulated debt.
We not only pay off consumer debt and your mortgage, we help build a substantial retirement program. In order to pay off my debt and build wealth there are three changes you need to make in your financial procedure:
- deposit pay checks directly against debt (personal line of credit)
- use the banks money to pay monthly bills (credit card)
- use computer program to maximize debt reduction
Why do mortgage companies do loan modifications?
Mortgage companies are not in the real estate business. When they foreclose on a property they have to have dollar for dollar assets in their bank. If they do not have such property they can loan $10.00 for every $1.00 of assets. Banks and mortgage companies do not want your property they would rather have you in it making payments.
You can negotiate with your mortgage company on your own, but it is recommended to have negotiations done by professionals, ie. attorneys. You will need to give power of attorney to your professional to act on your behalf. Loss mitigation department at major banks and lenders give much more credence to modification proposals submitted by attorneys.
What do I have to do to get started?
- Contact a reputable firm to do your modification
- Fill out a free qualification form
- Write a hardship letter
- Provide copies of all necessary paperwork to submit for modification
- Let the attorneys negotiate for you
No More Debt
Posted by: | CommentsMy friend ask me “how can I pay off my debt”. My answer is to get rid of debt as quick as possible. If you payoff your consumer debt, then your mortgage on your home you are in position to create WEALTH. Interest you pay to THE FINANCIAL INSTITUTIONS can be used to payoff ALL your debt in a very short period of time. I can payed off my Mortgage and other DEBT in 8 years not the 28 I was currently on track to do.
You may ask “How can I do that?’ I am doing it by doing 3 simple steps
- I deposit my pay checks directly to my HELOC.(Home Equity Line Of Credit) Why??? Because it is working against my debt the day it is deposited.
- I use a credit card to pay my bills for the month. Why??? I pay no interest during the first 29 days of the month on my credit card.
- I have a computer program that does all the calculations each month for me. Why?? I do not want to do 4 million calculations each month, even if I did have the time.
Most families want to be out of debt but do not know how to do it. Our schools do not help us even at the College level. Financial IQ is what I think ALL Americas need in order to get out of debt. Yes, it is time for us (you and me) to pay off my debt.
Freedom comes when MONEY IS NOT THE ISSUE. What is your higher purpose and greater cause??? I want to help people with debt get out of debt which will make all our communities a better place to live.
HOPE for YOU to Pay Off Debt
Posted by: | CommentsYes I CAN pay off my debt AND DO IT QUICKLY. HOPE is Helping Ordinary People Excel. If you have NO DEBT you can do lots things like retirer, education funds, emergency funds, travel, new car,etc.
How is your income to expenses ratio? The more extra money you have the sooner the DEBT goes away by using debt roll down. Done properly you can leverage your money by using BANK MONEY to pay your monthly expenses. Yes you can!!! I am doing it and so can YOU. Bad CREDIT SCORE or MORE MONTH THAN INCOME??? It is time to get help. I promise it will not be a waste of your time. I can help you in Three areas
- 1) Eliminate Consumer Debt
- 2) Payoff your HOME Early
- 3) Build Wealth.
By doing the right things at the right time it will work for you.
It is as easy as
- Have your pay check go against debt as soon as you get it. (How much interest does your bank pay you for using your money each month???)
- Use the banks money to pay bills during the month. (You pay no interest on your credit card the first 29 days)
- Use your computer to do ALL the calculations each month. (The right program can do it all)
Now is the time to start getting OUT OF DEBT and WEALTHY.
I can help you SET YOUR RETIREMENT DATE and have $1000’s each month TAX FREE to live on. This can be done with the same income you are currently making.