Approximately 1 in 6 people with mortgages will refinance this year. Traditionally, people have refinanced in order to use the equity in their home or investment property to consolidate or reduce debt and to take advantage of a lower interest rate. While this is still used as a common strategy for reducing debt, a growing number of people are discovering that it can also be used
as an effective strategy for generating wealth. While purchasing a property by using the equity in your home or investment property may be viewed by some as a fairly aggressive approach to investing, it is actually much easier than you think. Through wise planning and the guidance of the right professional, this type of investment can be easy to execute as well as extremely lucrative.
In the CONNECT Investment Blueprint part 1, we discussed the fact that people who have made a fortune in real estate have done so by using the power of leverage and refinancing. One of the secrets of the wealthy is that they constantly look for ways to increase good debt and eliminate bad debt. Good debt is used to make an investment that appreciates in value. A mortgage is an example of good debt because it helps a person purchase a property that will rise in value over the long term. In this article I would like to show you how you too can build serious wealth in real estate through refinancing.
Here’s how the CONNECT Investment Blueprint works:
Schedule an appointment with us today, so that we can help get you started on the path to RETIRING RICH.