How To Smash Your Mortgage

How To Smash Your Mortgage

This New Ebook Steps Through The Five Strategies That Phil Strong Used To Pay His House Off In Less Than 6 Years. This book will help anyone with a mortgage to get rid of it and find the freedom that comes from getting rid of the annoying monthly payments. You don't have to refinance your house. You don't have to spend up to $4,000 buying a program. And you certainly don't have to be a Yale graduate to understand it. I took all the techniques and ideas I created from the stories of the people I've helped over the last ten years. This 64 page E-Book is crammed full of practical ideas you can start to use right away. I've spent my entire working life studying people and money, and now you can benefit from my years of research. I'm incredibly proud of what this book offers. Why? Because I know you'll be able to rest easy with the peace that comes from being in control of your finances. And I'm pretty certain you'll love the freedom to choose what you do with your money, as opposed to being dictated to by your na

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Never Pay Off Your Mortgage

CONVERT THE ''DEAD MONEY'' YOU HAVE IN HOME EQUITY INTO USABLE CASH. Investing in real estate is exciting and can bring huge returns. But, especially if you are new to the game, you have to be careful about how you allocate funds. By following conventional advice, you may have been making a profound and costly mistake in how you dispose of your money. This all-too-common mistake is in transforming all of your potentially usable cash into equity in your home. Sadly, most people have taken the...

AltA Loans

Mortgage Origination Ratio

Alt-A is a catchall category for loans that are typically better than subprime but aren't considered prime, most commonly due to Incomplete documentation stated income, stated assets, low documentation, or no documentation 73 percent of securitized Alt-A loans . Borrower debt-to-income or property loan-to-value ratios too high for the GSEs. Non-owner-occupied 27 percent of securitized Alt-A loans . Spotty credit history not bad enough to be considered subprime, but not good enough to be prime...

Risks Associated With Mortgages And

Psa And Cpr Mortgage

Holders of fixed income investments ordinarily deal with interest-rate risk, or the risk that changes in the level of market interest rates will cause fluctuations in the market value of such investments. Under most circumstances, interest-rate risk can be hedged through either the cash or derivative markets. Mortgages and associated MBS, however, have additional risks associated with them that are unique to the products and require additional analysis. In the following discussion for the sake...

Shared appreciation mortgage

A shared appreciation mortgage SAM allows a lender to charge a below-market periodic interest rate by sharing in the property's sale proceeds at time of sale or upon maturity of the loan. The payment to the lender upon maturity or sale is termed contingent deferred interest. The percentage share of the property's appreciation the lender will receive is established in the loan agreement. While there have been numerous advocates of SAM home loans, no large-scale program has been implemented. One...

Tom Zimmerman And Laurent Gauthier

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, futures securities trading, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. From a Declaration of Principles jointly adopted by a Committee of the American...

The ABS Market Fixed and Floating Securities

Prior to the mid-1990's, many more fixed securities were issued, however floating rate deals are now predominant. The rise in floating rate issuance generally reflects the following Enhanced securitization technology Modified regulations, allowing credit card rates to float Generally improved liquidity in the swaps market, allowing issuers to arbitrage relative value between fixed and floating rate issuance and Greater acceptance by global investors of floating rate ABS.

What Is CMM

The CMM index is the bond-equivalent yield on a new MBS TBA , which prices at par. The most common market this is indexed against is the 30-year agency mortgage market. The spot rates at any given date are typically priced as below Weighted Average based on 30 days from point of calculation Once spot rates exist, a forward curve can be constructed. This is an attempt to simplify the trading of mortgage price risk by transforming the most liquid portion of the mortgage market into a rate based...

CMO Structures Io Po Characteristics

When rates rise, prepayments generally decrease, which causes the bond to extend. Generally, this will increase the value of the IO since there is more cash flow, and Typically will decrease the value of the PO since POs are purchased at a discount to par and the par payment is now received further out in the future. When rates fall, prepayments typically increase, which causes the bond to shorten. This generally decreases the value of the IO since there is less cash flow, and Generally...

CMM in the Market

Spot rates are determined by always pricing a security at par, so prepayments are not taken into account. Hence, this yield is not subject to prepayment modeling risk. Swaps allow the bond market to be viewed in a pure rate sense in a similar way, CMM allows this of the mortgage market. CMM can be used to hedge for mortgage products that are sensitive to changes in mortgage rates. Swaps Pay receive fixed and receive pay CMM. Swaptions Option to enter into CMM swap, either pay or receive CMM...

Residential Lease Agreement

THIS AGREEMENT made and entered into this 1st, 3rd, 6th, etc. day of March, 1996, by and between Joe Landlord, hereinafter referred to as Lessor and Joe Tenant, hereinafter referred to as Lessee 1. PROPERTY Lessor leases to the Lessee that certain residence described as 2. TERM The term of this lease shall be for a period of 6 months, 1 year, etc., commencing the 1st, 3rd, 6th, etc. day of March, 1996, and ending the 1st, 3rd, 6th, etc. day of March, 1996. 3. RENTAL Lessee shall pay unto the...