[DEIdebtfree]

I may have been a bit strong with my introduction to these forums, but please allow me to start anew. I have registered as a lender as asked, but I am not a lender.

I am a financial adviser, offering a way to help home owners own build equity faster, avoid the thought of foreclosure, and own their home free and clear.

I have studied finance and understand interest calculations. Granted, I am not a lender or in the mortgage or real estate business, but I have successfully helped people all over the country.

Granted, all loans are amortized with front end loaded interest. What if there was a way to show people how to have a straight line amortization in which they were to use means other then their normal cash flow?

This is all I want to do, is help people pay less interest on everything, and give them the ability to enjoy life the way it was meant to be.

DJ Jennings
Alaska Debt Elimination Services

[larry]

Hi Jennings,

So you have registered again as a lender oh I think as a mortgage professional or a financial adviser.

Nice to have someone like you who is knowledgeable around the forum? These are a very good idea to help people and we all are trying here to help people.

Hope to get some good information form you.

"What if there was a way to show people how to have a straight line amortization in which they were to use means other then their normal cash flow?"
BTW can you show it to us how it works?

Best of luck,
Larry

[DEIdebtfree]

Okay, concepts are incredibly difficult to explain without numbers, and if I was to provide numbers, it may not make sense. I will try my best to explain without numbers and hope that you can give me examples that you can run with to compare.

What happens when you use a credit card properly? You charge up what you want and when you want and pay it down in a reasonable about of time. Essentially, a line of credit, a credit card or a home equity line of credit are the same thing. Please key on the word credit, not a loan Loans are contracts that we have with lenders and institutions that we pay back with interest that have been pre-calculated for us.

What a line of credit does for us is be able to use means other then the normal cash flow. The main critics I have when explaining this way of dealing with debts is one of two.
1) Why am I paying on X% interest to borrow from when my loan/mortgage interest is lower?
2) Why am I just paying one debt with another?

For the first statement, its essential to understand interest and the way its calculated. A popular statement is that those who understand interest earn it and those who do not pay it. An amortized loan is predetermined with heavy interest up front, and no real progress till years into that loan. I want to show people how to be able to live on an average daily balance system.

2) The second "complaint" is because people's vast misconception of "good debt" and "bad debt". There is no such thing as a good debt. True, most people say a mortgage is a good debt, but how can something translated as "pledge of death" be a good thing? Living on an average daily balance system allows people to live comfortably within their means, and pay off items instead of waiting for debts.

The investment towards your debt will beat out any investment on the market time after time. If you are paying down a 30 year mortgage while trying to invest, why? Its good and all, but why don't pay off the debt and get a better return on your money? Because your mortgage is not open ended. You can not get the money out of your house by knocking on the wall. Investing provides people with some security in "potential growth" in investments that may put out, but very few things are guaranteed.
This is another reason why to live on a average daily balance system.

The main reason why I am hesitant on expressing my full knowledge on these board is because people will think they can do it themselves, and its not that simple. There are hours and hours of calculations to be done if your doing it alone, but it can be done. Also, you have to know what you want, how to budget properly, what to look for when getting a line of credit, and what is comfortable to do.

If you can provide me with numbers, I can be more concerete information and examples.

I just need the basics:
Loan Amount
Interest Rate
Monthly Payment
Average monthly total income
Average monthly total expenses

With this information, I can produce more illustrated idea of what I am talking about.

[gmakerley]

"doing one's best for a home owner" is not mutually exclusive from "doing one's best for my company" and getting the best answer will often provide "the best" for all concerned.

[elisahoyos]

There are ways to do the best for the homeowner while still making a profit... and then there are times where doing the best for the homeowner will result in having to bite the bullet... but when you do that you can always ask for referals from your client and 9 times out of 10 you will get great referals for years to come because your client knows you did the best for him/her.

[tanmoykmukherjee]

Hey,

We have the special loss mitigation program. We can actually save the home owner.
Contact me for more information