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Can I stop making my monthly payment on my mortgage and apply everything to the principle?
Wouldn’t that be nice? But no, you signed a contract called a mortgage or promissory note where you agreed to pay both interest and principal every month. If you stop you will trigger the default clauses of the note. By not paying the mortgage, you broke that contract...
What is a “wrap around” mortgage?
You don’t hear this one too much anymore because interest rates are so low. A wrap mortgage is where new mortgage debt is “wrapped around” an old one. This also can be called an all-inclusive-trust-deed (AITD), or seller wrap, or subject to (people call it this but it...
Success Story: Making the cash flow
This week’s success story is about investing. One of my first students to graduate from my new online beginner investor course, www.Mycashflowacademy.com closed on his first investment property with positive cash flow. As he tells it he had entrusted friends in the...