Ultimate Money Siphon

American dreams can turn to an American nightmare. Most people think they achieve one of their financial goals when they come out of the title company after signing mortgage loan papers and closing escrow on their first home. There is a sense of fulfillment.

Yet, like the saying, what you don’t know may kill you.

If you live in a residential property that you purchased, you can confidently call yourself a homeowner. However, statistic shows that less than 2% of Americans hold title to their home. And the mortgage companies own the rest.

Why?

As long as you’re making monthly mortgage payments, you are actually owning your real estate piece by piece with the risk of losing the portion you have paid if you can no longer make those debt payments. And mortgage payment is almost always your biggest paycheck eater.

Well, everyone I know who is a homeowner makes those payments. That’s right and you don’t want to be like everyone.

Think how you would feel when one day you’d actually hold the title to your home in your hand and never have to answer to mortgage companies anymore.

Trust me, 30 years are too long. Not to mention the interests you’ll paying out of your hard-earned paychecks.

Conservative wisdom never grow old. There are ways to pay off your mortgage based on common sense strategies. Here’s some tips:

• Cut your spending and buy only what you absolutey need;
• Save like crazy, I mean, look for bargains, coupons, discounts;
• Find some ways to make extra income, preferrably things that you like to do
• Use carpools to go to work
• Buy groceries and cook your own meal
• Don’t have to catch up with the latest fashion

Use the extra available fund to pay off the principal. Your loan balance may seem overwhelming during the first few years but beat that monster one dollar at a time. After thousands of punches, you will see that the monster is getting smaller and weaker and ready for your final blow.

At last, kick it out of your home once and for all.

Live free…