Scottsdale, AZ - Homeowners across the country have the ability to pay off their mortgages within a two-to-seven-year period. That's the message Real Estate investor and Founders Advisory Board member, Raul Campos, continues to emphasize to newcomers who are entering into this high stakes industry of real estate investing.
Campos' financial success has come fixing-and-flipping homes, purchasing rentals, and dabbling in commercial real estate. He is also a highly visible and high-in-demand public speaker for Renatus -- a national real estate investment and education company.
"I'm finding that most people don't know the difference between amortized and simple interest," said Campos. "This makes all the difference in whether a homeowner will pay off their loan in 30-years or in seven-years or less."
Campos recently spoke to a group of Renatus students in Scottsdale, AZ. and outlined strategies to ensure homeowners are keeping their money rather than giving it to banks. "People don't realize that an 18%-21% simple interest line of credit is significantly better than a 30-year amortized loan at 3.5%. In reality, a homeowner will pay back their original principal amount and between 80%-150% more of the original amount borrowed just in interest alone during the life of an amortized loan. That's if they don't make the big mistake of being lured into refinancing in which case they'll pay back even more in interest and never put a dent on the original principal amount."
All of this information is revealed on the bank's Truth and Lending statement. "However financial institutions don't go out of their way to tell homeowners the total damage, and in fact, try to hide it. Lenders have a vested interest in keeping borrowers on this amortized merry go-round instead of helping them pay off their loan. That's how banks make money."
Campos stresses that one Renatus investor technique that he teaches known as, chunking, is so critical to getting off the amortized merry go-round. Utilizing this technique allows homeowners to begin placing interest in their own pockets to grow their own wealth rather than lining the pockets of banks. He says homeowners can establish multiple lines of credit and access significant amounts of money to chunk down their mortgages on their personal property, investment properties, student loans or any debt. It requires no extra money out of pocket or extra annual income. In fact, most borrowers will see a rise in their monthly cash flow.
"Just one chunking payment can instantly reduce up to $45,000 in interest alone and knock off five years of payments off the life of a typical 30-year mortgage. But the perceived hardship or challenge for American borrowers is raising or accessing money to put "chunking" into action. This is one of the many strategies that we teach at Renatus and why our students are getting out of debt while building multi-million dollar real estate portfolios. It takes no extra money out of your pocket and no extra income."
More information about Renatus can be found by visiting www.bossinvestor.com
Interview opportunities with Renatus Founders Advisory Board Member and Public Speaker, Raul Campos, are limited.
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Renatus has been established out of a desire for creating financial freedom through service to others, especially to people who have a motivation and passion for learning. Renatus CEO and Founder Bob Snyder knows that real estate and business ownership are a powerful combination to allow immediate income while building secure wealth for the long-term. Renatus takes great pride in the quality of its real estate education, from the Instructional Systems Design learning practices to the exceptional qualifications of the practitioner instructors and the convenient, effective delivery system. Renatus' mission is set to change the landscape of America by touching one million entrepreneurs with this great wealth creation system. More importantly, when those entrepreneurs use their wealth and knowledge to help others, the true vision of Renatus is realized.
George Lin, Managing Partner
SL Designs LLC
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