HAVE A MORTGAGE BURNING PARTY AND RECEIVE A FREE ONE YEAR MEMBERSHIP IN NOAH!
The National Organization of American Homeowners endorses the Equity Genie(R) Mortgage accelerator program for its' members and homeowners across the USA. It is time to stop refinancing your home every five years and instead own it outright in ten! To learn more...
Homeowners' equity fell to an average of 51.7% of the value of homes at the end of the second quarter (last year). Down from 62% 18 years ago!*
According to the Center forEconomic and Policy Research: "homeowners were borrowing against them (their homes) as fast if not faster than the appreciation"*
Sub-prime mortgages, 100% loans, and other factors have led to homeowners having less and less equity in their homes.
Several committees in Congress are looking at ways to limit the mortgage interest deduction through legislation being introduced this year! So get out of the mindset of using your mortgage interest deduction as a financial tool.
The Equity Genie accelerator provides you with software and instructions on how you can pay off your mortgage in one third the time! This is a new product that will be commonplace later this year and next!
NOAH has examined the various accelerator products out there and for ease of use, price and flexibility, we have decided to endorse Equity Genie. But not just any equity genie, only the one that includes with purchase a FREE one year membership in the National Organization of American Homeowners which is a $500 value! Click here to begin your march to true homeownership!
*Associated Press story 01/19/08
Back in the 50's, 60's and 70's homeowners actually worked and saved to pay off their mortgage. After making their last payment the new real homeowners would invite the neighbors over, ceremonially burn their mortgage papers in the trash can and then unveil the deed to their home and proceed to have a cookout!
Back then over 50% of americans owned their home! Now according some economists in less than 18 months fewer than 50% of homeowners will not only NOT own their homes outright but will owe more on their home than they own! This for the first time since 1945 when the Federal Reserve started recording the data.
What changed? The homeowners of the 50's, 60's and 70's turned into the homeowners of the 80's, 90's and 00's and started refinancing every five years. We at NOAH think it is time fro this trend to reverse itself and get back to owning our homes and having more mortgage burning parties!
FEDERAL RESERVE STUDY SHOWING THAT LAST YEAR, OWNER EQUITY IN U.S. HOMES FELL BELOW 50%, MEANING IT IS EXCEEDED BY MORTGAGE DEBT FOR THE FIRST TIME SINCE 1945!*
*Washington Post 03/07/08
TO START PREPARING FOR YOUR VERY OWN MORTGAGE BURNING PARTY CLICK HERE
