Now you have a better idea of the underlying concepts for Homes in Order. I have condensed the entire world of finance into two simple formulas:
1=5
If the typical new homeowner were to prepay just $1 towards their mortgage, they would save $5. But you don’t want to be typical. If you could pay $1,000, you would save $5,000. If you could pay an extra $10,000, you’d save $50,000.
2 = 1,000
If they typical new homeowner were to prepay just $2 towards their mortgage every month, they would save $1,000. But you don’t want to be typical. If you could pay $20 extra every month, you would save $10,000. If you could pay an extra $200 each month, you would save $100,000.
These two formulas are the concepts. If you can understand them, you are ready to apply them. The challenge in condensing the whole world of finance is:
- The whole world of finance is huge!
- No two mortgages are the same
- No two financial scenarios are the same
- Each homeowner has unique needs
Personalized Finance
If you understand the concepts, you’re ready to apply it to yourself. We have some powerful tools that will help you guage, help you determine how is best to apply it to your personal finance scenario. So, while the concept is 1 = 5, we can personalize your numbers and see what $1 is actually worth for you! For you, it may be $1 = $6.7! Or it could be $1 = 2.7. Not quite as exciting, but you’re still nearly tripling your investment.