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(209) 839-0500
office
(209) 343-3819 fax
Maxine Ellis
Owner/Certified Financial Lender
"Do you know that the word “mortgage is derived from the French words “mort” which means “death” and “gage” which means “pledge”. So a mortgage is basically an agreement until death. Who wants to pay a mortgage until they die?"
Here's something I'll bet you didn't know.
Do you know that the word “mortgage is derived from the French words
“mort” which means “death” and “gage” which means
“pledge”. So a mortgage is basically an agreement until death!
If you're like most Americans, the reality is that you don't really own
your own home, your lender owns it. You actually own a mortgage.
The sad thing is that your lender will still own over 90% of your home after you've been making payments for over 15 years on your 30 year mortgage. After paying for 24 years, you'll still owe over 50% of the amount you borrowed. You'll pay over three times the amount you originally borrowed before paying off your mortgage.
If you want your financial freedom, the first thing that you will need to do is to get rid of your debts. After all, as long as you owe money, you can't consider yourself to be financially free. This is due to the fact that the money you will earn in the future won't actually belong to you, as you'll have to put it toward paying off debts in the past.
While there are plenty of other issues involved in becoming financially free, you're going to need to work hard to get out of debt first if you want to be successful at achieving financial freedom. There are a few things that you need to do in order to eliminate your debts. The first, of course, is just to make sure that you don't create more expenses to pay each month than you have money coming in. The second, is be strategic and disciplined to eliminate debt.
The American dream is not to pay a mortgage until you die, but at some reasonable time to own your home free and clear. 1st Freedom Mortgage LLC will put you on the path to financial freedom and show you how to reduce your monthly debt and pay your mortgage off sooner than you ever imagined. No tricks, no gimmicks! We give you the knowledge to use common sense approaches to understanding mortgage interest and how to pay your mortgage off sooner than ever imagined.
Many people don't know the one single thing that can be done to accelerate paying your mortgage off without increasing your monthly payment. This one thing will save thousands of dollars in interest and will help you own your own home years earlier. By working with 1st Freedom Mortgage LLC you will learn this and gain the knowledge and power to get on the path to financial freedom.
