Mortgage loans

Mortgage loans are probably the biggest loans that most people will ever take in their lives. Do NOT fear them! Generally, people do not have the cash to pay for a home and have to resort to making use of a loan.

These loans are available to people who have a good credit history and who earn over a certain amount per annum. The loans are secured against the home which means that the home will belong to the bank until it is fully paid off.

Most banks and financial institutions will not give first time borrowers a loan for the full purchase price of the home, so be prepared to have to pay a down payment. Have this money saved ready in the bank. Your credit history will be checked so make sure that you have a good one.

Loans are g8!

One must realize that all who have accumulated great fortunes, first did a certain amount of dreaming, hoping, wishing, desiring, and planning before they acquired money. Fact is that ALL IMPULSES OF THOUGHT HAVE A TENDENCY TO CLOTHE THEMSELVES IN THEIR PHYSICAL EQUIVALENT. The subconscious mind, (the chemical laboratory in which all thought impulses are combined, and made ready for translation into physical reality), makes no distinction between constructive and destructive thought impulses. It works with the material we feed it, through our thought impulses.

Fear is a funny thing. It will make you do something, but it will also take things away. That choice is yours and no one else’s.

Now, if YOU want to be financially independent, you have to do what every (!) rich person on this planet have -= assets =- things that put money in your pocket, constantly, every month.

Most people think that theirs cars or their home are their asset - which is totally wrong. It is their liability and they have to pay bills for it every month. So, if You want to get rich, what do you have to do? Yeah, build up your asset column.

In this blog, I will write about how to get loan from the bankers, how to start your own business with real estates, how to manage properties and generally... how to get rich!

6 Steps

There are 6 steps of becoming an INVESTOR:

1) Decide to became an INVESTOR. This is all it is about actually here. You must decide, for yourself, that u want to be rich and if you want to be rich, you need to be financially literate. And investor you cannot became if you do not financially literate yourself. And that is what YOU do just now, reading at my blog.
2) Find The Area where you will buy your first(s) assets.
3) Identify Properties.
4) Analyze, Offer, Negotiate
5) Put Together The Deal
6) Property Menagement

How to build ap your asset column?

If you went to banker and ASK for a loan, he/she will ask you two things.

1) Have much money have you saved by now? Its good to have some money accumulated because banker will easily lend you money if he/she knows that you KNOW how to handle your own money.

2) What do you need loan for?

Now, lets get back in time and lets see how money evolved. Money (paper, coins) actually does not exists. Why is that? Well, I am economist. My first lecture on university was that money has no value. People accepts money because, and only because they can give it to another human and he/she will accept it.

Banker knows that. It is one of the reasons he will not give you money for: art, post stamps, buying/selling other currencies, bonds, stocks etc but assets like real estates? He will give u loan right away! Of course u need to match few basic criteria to get loan but, all in all, you can get it easily.