April 29th, 2007 by jason

For the record, I have never really bought into supply-side economics or been anything but a relatively big advocate for conservatism when it comes to leverage and home ownership. But, after quite a bit of reading and more thought, I am coming to the conclusion that the fully amortized loan is nothing more than a brilliant sales pitch by the banking industry that they positioned well enough to give the common man a warm and fuzzy feeling inside. Over the next week or two, my plan is to show everyone who cares, that there are much better strategies to either pay down their principal balance on their home (or other real estate loans), fund their retirement better and / or fund their children’s retirement or educational funds better. The fully amortized loan is the worst type of loan anyone can use to achieve a better financial position in any scenario I can think of. Please stay tuned as I am confident you will re-think many of the ideas and virtues that you hold today.

tags: amortization, interest only, investing, iras, real estate loans, retirement

Content Tags:Amortization Interest Only Investing IRAs Real Estate Loans Retirement