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What is the
EquityGenie
System?
The
EquityGenie
System
is a money management strategy and software package that teaches smart
and efficient money management. These are the same strategies Fortune
500 companies use. The goal is the elimination of all debts,
especially mortgage debt, in 1/3 the time.
The
EquityGenie
System
is also a road map
that guides you towards eliminating ALL mortgage debt and using
that equity to build a real estate portfolio.
Is
the
EquityGenie
system
a bi-weekly program?
NO. This is not a bad way to pay your mortgage, and it will work, but
there are issues. The
EquityGenie
system
offers many more options and works MORE THAN twice as fast. With a bi-weekly, instead of
making one mortgage payment ONCE per month, ½ the payment is made
every two weeks. The strategy is that over a 12 month period an
additional payment, the 13th, is paid which generally accelerates a
30 year loan by 6-7 years.
Do I have to make additional payments each month?
No. With
the
EquityGenie
system, all expenses are paid from the plan that we help set up The
System will review and apply as much to your principle without
disrupting your current lifestyle and spending habit All expenses
are paid from your credit card, savings, or HELOC as LATE as
possible. This allows your money to work for more effectively and
reduces daily interest expenses.
Does The
EquityGenie
System work with an "Interest Only" or "Neg Am"
or "Option ARM" loan?
YES. The
EquityGenie
system
is driven by cash flow and these loans afford you the best cash flow
with the most flexibility. These loans are actually the best to have
for the mortgage acceleration technique.
Does someone else control my money?
NO. YOU have total control of all your
money. The
EquityGenie
system
is not connected to your accounts in any way.
Does
the
EquityGenie
system work if I
have little or no equity?
Yes, It depends upon positive cash flow. The
EquityGenie
system can also work if you have insufficient equity (or credit) to
get a HELOC, and that HELOC can be replaced with cash you have
available.
If I have a pre-payment penalty is that a problem?
Probably not. Most pre-pay penalties allow you to pay 20%
of additional principal each year. If your cash flow is that great
that you could EXCEED that, you either dial it down to stay within
that 20% limit or just pay the penalty on the EXCESS over that
amount.
This is a good problem to
have. Most of the time, even with the penalty it's still better to
just pay down the mortgage as fast as possible.
Does
the
EquityGenie
system work if Im self employed?
YES, sometimes even better, since your income may come in more
frequently, and even if you have months WITHOUT positive cash flow,
thats OK. Look at your ANNUAL Income over a 12-24 month
period. As long as you MAKE more than you SPEND, the
EquityGenie
system
will work.
Does the
EquityGenie
system work if I have bad credit?
YES, but it depends on the types of loans you have right now and if
those credit issues could limit getting a HELOC if you do not have
one.
We have exclusive lenders that
know
EquityGenie
system
inside and out that can help you with that. They can
fast-track loans to our clients. Some loans have been done the same
day.
You mention the use of a credit card.
Is this critical?
NO. The credit card is an advanced technique that allows you to use
your money to maximum efficiency. The
EquityGenie
system
works with and without a credit card.
How do I know the
EquityGenie
system will work
for me?
If you have POSITIVE CASH FLOW, it's a
mathematical certainty that the
EquityGenie
system
will work. It takes no time to learn the basics, but there are
nuances that become more clear as you understand it better.
You say that I'll pay off my house in 7-9 years, but I don't think
I'll be here more than 5 years. Is it still worthwhile?
Absolutely! Imagine that your loan
balance was reduced by 50% in 5 years! You will have MUCH more
equity than if you did things as "usual".
That's why "hybrid loans", like 5
year ARMS, work so well. If you knew in 5 years your balance
was reduced by half, would you care if that rate then became
adjustable? (The answer is NO since your new PAYMENT would be
based on the lower principal balance.)
Does the
EquityGenie
system work with more than one property?
Absolutely! Each property is targeted one at a time
and we have clients with lots of properties. After each
successive mortgage is paid off, you move on to the next.
It's usually advisable to tackle
RENTAL property first, eliminate the debt service, and maximize the
cash flow. This is exponential and actually PICKS UP SPEED as
you pay off successive rental properties.
The
EquityGenie
system works great with these types of loans! Not only do you
get convenience of the combined loans but also the tracking,
discipline and efficiency of the
EquityGenie
!
Why havent I heard of this before?
The methodology actually came from overseas, and has been adapted
over the years to the very un-consumer friendly mortgage industry in
the United States. Mortgage Acceleration loans are actually very
common in Australia, New Zealand, Great Britain, and other
countries, so the GOAL of accelerating your mortgage is not new.
The
EquityGenie
system
has incorporated the best of these techniques and we teach you to think
like a bank and not the way its always been done. These are not new ideas, just different, unconventional ways of
looking at your money.
Ready to Get Started? Click Here to Order
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