Finance: Mortgage Cycling – Brilliant or Risky

Mortgage Cycling – Brilliant or Risky

Written by George Burks

Continued from page 1

While Mortgage Cycling does have some additional costs for most people, that is not what makes this mortgage reduction strategy risky. If you use a Home Equity Line of Credit and money gets tight, you could lose your home. Home equity lines of credit require you to use your home as collateral for repparttar loan. This may put your home at risk if you are late or cannot make your monthly payments. And if you sell your home, most lines of credit require you to pay off your credit line at that time.

Prepaying your mortgage is smart. You can save tens of thousands of dollars in mortgage interest. For most people, mortgage cycling is risky way to payoff a mortgage. Be sure and look at your all of your alternatives before choosing Mortgage Cycling as a mortgage reduction strategy.

“This information courtesy of http://www.mybigfatmortgage.net ”

George Burks works with small business and homeowners to reduce mortgage interest expense via http://www.mybigfatmortgage.net

THE SHADOW

Written by Al Thomas

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before us. The stock market is going up and everyone is feeling good, but we also know that tomorrow storm clouds may appear making our shadow seem to be a monster black image that hides repparttar

potholes in our path. When that occurs we must be ready to put on our raincoat to protect what we carry through life. One of repparttar 112246

most important is repparttar 112247

money we have put aside for repparttar 112248

time we wish to depart repparttar 112249

path, sit by repparttar 112250

road and contemplate all repparttar 112251

beautiful things we have brought. That means we must guard against losing what we have created and not let repparttar 112252

shadowy rain cloud wash them away. That raincoat for your investments is an exit strategy for your portfolio. Without a plan to protect your assets it will be too easy to seem them washed away. This does not mean diversification which is what brokers want you to do. It means a plan to exit (sell) stock and mutual funds that are going down. This can be done with a simple percentage stop-loss order for your stocks and a mental stop loss for funds. Brokers never want you to sell even though there may be a commission involved because once you money is in a money market neither they nor repparttar 112253

brokerage company makes any money. You and only you care about your money so you must protect it. Think about an exit plan now and put it into place. Do not become a victim of repparttar 112254

dark shadow.

F*R*E*E investment letter www.mutualfundmagic.com Author of best seller "IF IT DOESN'T GO UP,DON'T BUY IT!" Never lose money in the market. Copyright 2004 Albert W. Thomas All rights reserved.Former 17-year exchange member, floor trader and brokerage company owner.

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