In fact, the Secured Loans UK is the only way that a 6% interest is ever 6%, is if the borrower actually stays with the mortgage for the full term (30 years, in our example). Only a very small fraction of homeowners actually do this. If you sell or refinance at any time before the maturity of your finance, the effective interest rate you end up paying is usually much more than 6%. That means that the equity you’d have in your home would be $1,842.02. You invest $10,791.98, and get back only $1,842.02. (That’s an effective interest rate of over 500% in that first year.) To come up with that number, we must understand that we paid close to $11,000.00 to end up with a measly $1,842.00 in equity. Yikes! The effective interest charged by the bank reducing the bottom line to such a dismal level is astoundingly high! It’s simple. Turn the tables on the bank! We’ve shown you how they front-load the interest. Now you know what thousands of people who are already paying off their mortgages, Secured Loans UK is early having learned: find a way to pay a larger portion of each payment toward the actual debt. Oh yes, it’s easy to do! But there’s another...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
