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	<title>Comments on: Evidence Shows Mortgage Crisis Rapidly Spreading To All Areas of US Economy</title>
	<atom:link href="http://www.biggerpockets.com/renewsblog/2008/02/13/evidence-shows-mortgage-crisis-rapidly-spreading-to-all-areas-of-us-economy/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.biggerpockets.com/renewsblog/2008/02/13/evidence-shows-mortgage-crisis-rapidly-spreading-to-all-areas-of-us-economy/</link>
	<description>Learn, Network, Invest</description>
	<pubDate>Thu, 16 Oct 2008 02:44:24 +0000</pubDate>
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		<title>By: Save Your Mortgage</title>
		<link>http://www.biggerpockets.com/renewsblog/2008/02/13/evidence-shows-mortgage-crisis-rapidly-spreading-to-all-areas-of-us-economy/#comment-57219</link>
		<dc:creator>Save Your Mortgage</dc:creator>
		<pubDate>Thu, 05 Jun 2008 06:48:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.biggerpockets.com/renewsblog/2008/02/13/evidence-shows-mortgage-crisis-rapidly-spreading-to-all-areas-of-us-economy/#comment-57219</guid>
		<description>It's absolutely amazing how many people out there over extend themselves in order to drive a nice car and have nice material possessions. It seems like nobody really ever thinks anything through, America just has the mindset "How can I get what I want RIGHT NOW"

Keep up the good info on your blog!</description>
		<content:encoded><![CDATA[<p>It&#8217;s absolutely amazing how many people out there over extend themselves in order to drive a nice car and have nice material possessions. It seems like nobody really ever thinks anything through, America just has the mindset &#8220;How can I get what I want RIGHT NOW&#8221;</p>
<p>Keep up the good info on your blog!</p>
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		<title>By: Lee Matthews -- Financial Concepts West</title>
		<link>http://www.biggerpockets.com/renewsblog/2008/02/13/evidence-shows-mortgage-crisis-rapidly-spreading-to-all-areas-of-us-economy/#comment-54771</link>
		<dc:creator>Lee Matthews -- Financial Concepts West</dc:creator>
		<pubDate>Sat, 23 Feb 2008 00:40:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.biggerpockets.com/renewsblog/2008/02/13/evidence-shows-mortgage-crisis-rapidly-spreading-to-all-areas-of-us-economy/#comment-54771</guid>
		<description>"A big problem, of course, is that as housing prices fall in many parts of the nation, people lose their ability to cash in against their house by refinancing and they can’t sell without suffering a significant loss."

Many folks have come to the realization that home equity acceleration is a great way to overcome this situation:

More and more folks are using a Home Equity Line of Credit (HELOC) or a business-line-of-credit (BLOC) or personal-line-of-credit (PLOC) as an interest cancellation account to accelerate their home equity and payoff their home *years* sooner than listed on their mortgage amortization schedule.

Unfortunately, today’s Real Estate market means that folks can no longer count on appreciation to build home equity. Those who realize that they need to pay down their current mortgage debt are looking for alternate ways to aggressively (yet safely) build equity.

And they've discovered a perfect online system to do that; they can focus on their wealth accumulation goals while accelerating their equity simply by using an Advanced Line of Credit (ALOC) to ‘power’ the Money Merge Account™ financial solutions program.

A typical 30 year loan (of whatever type) can be paid down in 1/3 to 1/2 the time — it's a great way to save *huge* amounts of income by eliminating a mortgage amortization front-end interest load. (On a million-plus dollar home, I've personally seen where the Money Merge Account™ program will save the homeowner $750,000 in interest charges!)

And the best thing – homeowners don’t have to refinance their existing mortgage or, in most cases, make any adjustments to their lifestyle.  

It is unfortunate that most of us were never taught to follow three essential principles: (1) Avoid paying interest, whenever possible, (2) Use other people’s money, whenever possible and (3) Find and use a financial system that will guide you, especially if you have the tendency to go off-track.  The Money Merge Account™ software and the program’s counselors use these principles to keep each homeowner focused on their wealth accumulation goals. 

I’d be happy to provide further details…</description>
		<content:encoded><![CDATA[<p>&#8220;A big problem, of course, is that as housing prices fall in many parts of the nation, people lose their ability to cash in against their house by refinancing and they can’t sell without suffering a significant loss.&#8221;</p>
<p>Many folks have come to the realization that home equity acceleration is a great way to overcome this situation:</p>
<p>More and more folks are using a Home Equity Line of Credit (HELOC) or a business-line-of-credit (BLOC) or personal-line-of-credit (PLOC) as an interest cancellation account to accelerate their home equity and payoff their home *years* sooner than listed on their mortgage amortization schedule.</p>
<p>Unfortunately, today’s Real Estate market means that folks can no longer count on appreciation to build home equity. Those who realize that they need to pay down their current mortgage debt are looking for alternate ways to aggressively (yet safely) build equity.</p>
<p>And they&#8217;ve discovered a perfect online system to do that; they can focus on their wealth accumulation goals while accelerating their equity simply by using an Advanced Line of Credit (ALOC) to ‘power’ the Money Merge Account™ financial solutions program.</p>
<p>A typical 30 year loan (of whatever type) can be paid down in 1/3 to 1/2 the time — it&#8217;s a great way to save *huge* amounts of income by eliminating a mortgage amortization front-end interest load. (On a million-plus dollar home, I&#8217;ve personally seen where the Money Merge Account™ program will save the homeowner $750,000 in interest charges!)</p>
<p>And the best thing – homeowners don’t have to refinance their existing mortgage or, in most cases, make any adjustments to their lifestyle.  </p>
<p>It is unfortunate that most of us were never taught to follow three essential principles: (1) Avoid paying interest, whenever possible, (2) Use other people’s money, whenever possible and (3) Find and use a financial system that will guide you, especially if you have the tendency to go off-track.  The Money Merge Account™ software and the program’s counselors use these principles to keep each homeowner focused on their wealth accumulation goals. </p>
<p>I’d be happy to provide further details…</p>
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		<title>By: credit card offers</title>
		<link>http://www.biggerpockets.com/renewsblog/2008/02/13/evidence-shows-mortgage-crisis-rapidly-spreading-to-all-areas-of-us-economy/#comment-54641</link>
		<dc:creator>credit card offers</dc:creator>
		<pubDate>Sun, 17 Feb 2008 02:37:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.biggerpockets.com/renewsblog/2008/02/13/evidence-shows-mortgage-crisis-rapidly-spreading-to-all-areas-of-us-economy/#comment-54641</guid>
		<description>I am one of those people who are feeling the credit crunch.  Not only has my home value declined, but the jobs in my field (mortgage) have significantly dipped as well.

Let's hope that our economy starts getting better, or we'll see some big hurdles to overcome.</description>
		<content:encoded><![CDATA[<p>I am one of those people who are feeling the credit crunch.  Not only has my home value declined, but the jobs in my field (mortgage) have significantly dipped as well.</p>
<p>Let&#8217;s hope that our economy starts getting better, or we&#8217;ll see some big hurdles to overcome.</p>
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		<title>By: Veronica</title>
		<link>http://www.biggerpockets.com/renewsblog/2008/02/13/evidence-shows-mortgage-crisis-rapidly-spreading-to-all-areas-of-us-economy/#comment-54616</link>
		<dc:creator>Veronica</dc:creator>
		<pubDate>Fri, 15 Feb 2008 22:06:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.biggerpockets.com/renewsblog/2008/02/13/evidence-shows-mortgage-crisis-rapidly-spreading-to-all-areas-of-us-economy/#comment-54616</guid>
		<description>I think thats the beauty of america....at the same time I think americans over extend themselves too much</description>
		<content:encoded><![CDATA[<p>I think thats the beauty of america&#8230;.at the same time I think americans over extend themselves too much</p>
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		<title>By: Evidence Shows Mortgage Crisis Rapidly Spreading To All Areas of US Economy &#124; The Long List of Odysseus Medal Nominees &#124; Realtors and real estate, mortgages, lending, investments</title>
		<link>http://www.biggerpockets.com/renewsblog/2008/02/13/evidence-shows-mortgage-crisis-rapidly-spreading-to-all-areas-of-us-economy/#comment-54564</link>
		<dc:creator>Evidence Shows Mortgage Crisis Rapidly Spreading To All Areas of US Economy &#124; The Long List of Odysseus Medal Nominees &#124; Realtors and real estate, mortgages, lending, investments</dc:creator>
		<pubDate>Wed, 13 Feb 2008 15:57:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.biggerpockets.com/renewsblog/2008/02/13/evidence-shows-mortgage-crisis-rapidly-spreading-to-all-areas-of-us-economy/#comment-54564</guid>
		<description>[...] Evidence Shows Mortgage Crisis Rapidly Spreading To All Areas of US Economy, by Charles Feldman. [...]</description>
		<content:encoded><![CDATA[<p>[...] Evidence Shows Mortgage Crisis Rapidly Spreading To All Areas of US Economy, by Charles Feldman. [...]</p>
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		<title>By: snes</title>
		<link>http://www.biggerpockets.com/renewsblog/2008/02/13/evidence-shows-mortgage-crisis-rapidly-spreading-to-all-areas-of-us-economy/#comment-54562</link>
		<dc:creator>snes</dc:creator>
		<pubDate>Wed, 13 Feb 2008 14:59:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.biggerpockets.com/renewsblog/2008/02/13/evidence-shows-mortgage-crisis-rapidly-spreading-to-all-areas-of-us-economy/#comment-54562</guid>
		<description>You think you are having it tough.I bought my place in the UK 18 months ago since when there has been a decline in property prices and several intrest rate rises. the nett result is my mortgage is now worth more than my house</description>
		<content:encoded><![CDATA[<p>You think you are having it tough.I bought my place in the UK 18 months ago since when there has been a decline in property prices and several intrest rate rises. the nett result is my mortgage is now worth more than my house</p>
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