Home Equity Can Create a Never-ending Money Cycle

What could you do with $10,000? Well, you can have it, now in a new home equity loan! Did you know that if you have been in your home for just one full year, you may already have the opportunity to take out huge dollars in equity from your home -- tens of thousands, even! Did you also know that you can get this money with no closing costs, use it any way you like, and, best of all, it will cost you as little as the price of your cable bill each month, and you can create an amazing money cycle that will give you an endless supply of cash.

Unlike conventional mortgages, home equity loans are paid back with interest-only payments, and have no taxes or insurance added, which make for extremely low payments. This means you can get tens of thousands of dollars for as little as $33 per month on your equity loan. Imagine having 10,000 dollars and paying this little to get it! What's more, if you use this equity properly, you can pay off debt, saving hundreds monthly. Then, in a few years, you can get a new home equity loan, with the new equity you have built in your home from simple appreciation in value.

A real-life home equity loan example. . .

Here's a great story about the power of equity. I had a client once, who was going to sell his beautiful home, which he loved, because he needed money for his daughter's college education. Little did he know that the money was right at his fingertips, locked away in the vault inside his home. All he needed was the right combination to get it out. When I showed him how he could get a $50,000 home equity loan for less than $180 per month, he was astonished. "I figured it would be like a whole new mortgage," he said. You know, around $500 per month, and I could never afford that, on top of my current mortgage payment."

The Money Cycle. . .

He was even more excited when I taught him how to pay that loan off later, using his house again, while taking even more money. This is what is called the Money Cycle. Your home equity loan can create this never-ending cycle. Imagine paying off a car, a credit card and another loan, all at high interest with combined payments of over $600 monthly. Your home equity loan payment is $180, saving you over $400 per month and $5,000 yearly. Now, instead of spending this extra cash, what if you go to your financial planner and have him invest the money for you? Suddenly, you're building wealth and creating cash flow. Now, in a few years, your home appreciates, and you either sell or refinance to a new loan, getting more cash and starting the cycle over again. Learn all about it in the wealth-building system, Winning the Mortgage Game.

Mark Barnes is an investment real estate and real estate finance expert. Get his free mortgage finance course at http://www.winningthemortgagegame.com and also learn how to gain financial independence through proper real estate investment strategies. Mark is also the author of the new novel, The League, a shocking, sports-related conspiracy. Learn more about his suspense thriller at http://www.sportsnovels.com

---

Refinance Your House

If you have seen all the advertisements regarding refinancing your... Read More

A New Choice for Home Financing: Correspondent Lenders

When you begin your search for a new home loan,... Read More

Refinancing vs Line of Credit

Refinancing vs line of credit are two popular options you... Read More

How to Avoid Paying Mortgage Insurance

In today's world, a borrower should not be paying mortgage... Read More

Bridging Loan Basics

A Bridging Loan is a short-term loan used as a... Read More

How To Tap In To Your Home Equity

With today's relatively low interest rates and climbing property values,... Read More

New York Refinance - Refinancing in New York

If you are looking to refinance in New York, it... Read More

What is a Current Account Mortgage?

Current account mortgages are fairly new to the sector. They... Read More

This Secret Weapon Will Eanble You To Close Up To 200% more Home Remodel Sales

Many Homeowners are not aware of all the options that... Read More

The Best Way To Get The Right Mortgage

Are you thinking of buying a home? If so, then... Read More

Desperately Seeking Good Leads, The Adventure Driven Loan Officer

As loan officers, the word "lead" is by far one... Read More

How to Compare Fixed Rate Mortgages and Adjustable Rate Mortgages

There are many types of mortgages, and the more you... Read More

Find the Best Mortgage Company

If you do not wish to commit to living in... Read More

Mortgages - Which Loan is Right For You

When buying a home, you need to take a home... Read More

Home Equity Loans - Are They Right For You?

The bills are out of control and you need a... Read More

Fixed Rate Mortgage vs. Adjustable Rate Mortgage

The most basic distinction between types of mortgages that are... Read More

Understanding Mortgage Basics

As common as mortgages are, there are a surprisingly large... Read More

Avoiding Foreclosure Scams

If your mortgage company is threatening foreclosure, there are things... Read More

Jacksonville Florida Real Estate Mortgage Home Loans - Get the Best Rate Everytime

There are hundreds of mortgage companies in the Jacksonville real... Read More

Benefits of a Remortgage

There are many benefits in choosing a remortgage, some of... Read More

Interest-only Mortgages Have Their Pitfalls

Rising home prices, particularly on the East and West coasts... Read More

Save Money on Your Mortgage

You should say goodbye to PMI. You may not notice... Read More

4 Things to Watch Out for When Choosing a Mortgage Company

We all know that there are a lot of mortgage... Read More

What is a Commercial Mortgage?

A commercial mortgage is a loan that uses commercial property... Read More

A Guide to Getting a Bad Credit Remortgage

There are several reasons why you might be in the... Read More

Mortgages After Bankruptcy: Easier Than You Would Expect

Give yourself time to rebound. Whether you had to turn... Read More

Multi Family Property Living

While most multi family properties are designed to allow the... Read More

Stop Foreclosure - 7 Tips to Save Your Home

Faced with the threat of a foreclosure on their home,... Read More

The Truth About Shopping for Mortgage Rates

With so much lender advertising focusing just on rates, you... Read More

Bad Credit Home Loan - Apply Online and Keep Your Credit Score as High as Possible

If you have a poor or bad credit history with... Read More

Home Equity Loans Categories

Fixed Rate Mortgages: These loans have a fixed rate of... Read More

Refinance Your Home Mortgage Online

The largest financial obligation most people ever take on couldn't... Read More

Home Equity Loans ? There?s Gold In That There House

To paraphrase an old familiar quote that goes "there's gold... Read More