Insider Real Estate Secrets Revealed! (Educational Course for Home Buyers and Sellers) Lesson # 4

Darren Meade

December 08, 2006

Welcome to this week's edition of Insider Real Estate Secrets Revealed! (Educational Course for Home Buyers and Sellers)

We hope you have learned a tremendous amount from our articles and we look forward to providing more educational material to help you on your home buying or selling journey. In this edition of Insider Real Estate Secrets Revealed, we will discuss the secrets of Interest-Only Loans. We will also discover 3 common reasons why your home might not be selling. So, sit back, relax, and enjoy this edition.

Interest-Only Loan Secrets Revealed!

As of late, more and more people are opting for 'interest-only loans'. But they are actually only appropriate for a small group of borrowers. And in some cases, they can be the equivalent of 'financial death'.

Here is what you will learn in this report:

What is an interest-only mortgage?

How to know if you are a candidate for an interest-only loan

Common Interest-Only Loan Myths

How to determine if you qualify for an interest-only loan

Is an interest-only loan right for you? Find out by reading the full report below.

What is an interest-only mortgage?

An interest-only mortgage is a special type of mortgage loan which allows you the choice of making interest-only payments each month. If you have an interest-only loan, you are not required to pay principal and interest every month, as you are with a traditional mortgage loan.

You have the right to choose to only pay interest. Usually, the option to pay interest only lasts for a specified period, usually 5 to 10 years.

WARNING: If you choose to pay only interest every month, you will never pay down your loan balance and your original loan amount will remain unpaid. (Example - if you obtain a $125,000 mortgage loan and pay only interest and no principal for the first 5 years, your loan balance will still be $125,000 at the end of year 5.

How to Determine if an Interest-Only Loan is Right for You

The first question you need to ask yourself is this: 'Am I disciplined enough to make the payment to principal when I'm not required to.' If the answer is no, an interest only loan may not be right for you.

Many borrowers opt for an interest only loan to be able to afford a home they would not otherwise be able to afford with a traditional mortgage. We advise against this practice. Only purchase a home if you can afford to pay a full interest and principal payment every month. The consequences of purchasing more home than you can afford can be serious.

An interest-only loan may be right for you if you have a fluctuating income and need the flexibility of paying interest-only when you are strapped for cash. Consultants and other professionals love interest only loans for this reason.

Additionally, an interest-only loan is great for people who want to invest the money that would have otherwise been paid toward principal into a higher-yielding investment. For this to succeed, your return on investment must exceed the mortgage interest rate on your interest-only loan.

Common Interest-Only Loan Myths

Myth #1 - Interest only loans don't require mortgage insurance

Interest-only loans having a down-payment of 20% or less require mortgage insurance in many cases. Some interest only loans are insured by the lender as opposed to a traditional mortgage insurance company. This means that you will pay for the insurance, but it will come in the form of a slightly higher interest rate. Make sure you ask the lender how your loan is being insured.

Myth #2 - Interest-Only Loans amortize faster than regular loans

Interest-only loans amortize no faster than a traditional loan. There is no magic connected to amortizing an interest-only loan. A borrower who takes an interest-only option but decides to make the full payment instead, will amortize their loan in exactly the same way as the borrower who chooses a traditional mortgage loan.

Do YOU qualify for an Interest-Only Loan?

Did you know that most people can easily qualify for a mortgage loan? Although the interest-only option is not available to everyone, it is unlikely you will be turned down for a mortgage altogether. Remember, mortgage lenders are in the business of saying YES. We don't make money unless we say YES.

Let us say YES to you today by filling out FREE, Secure 24-Hour Online Approval Form. It's fast, easy and 100% secure. We promptly let you know if you qualify for an interest-only loan. We'll also be happy to help you decide if an interest-only loan is right for you.

Take advantage of this FREE offer by visiting my website NOW!

P.S. - Don't forget that we are in the business of saying YES. We can't wait to shake your hand and tell you 'Congratulations, You're Approved!'.

3 Reasons Your Home Didn't Sell and what to do about it

Statistics say that, last year, almost half the homes listed for sale never actually sold!

Industry insiders have recently studied the reasons for this phenomenon and present to you this no-cost report explaining the reasons you home might not have sold and, more importantly, what you can do about it!

Here is a countdown of the Top 3 Reasons Your Home Likely Did Not Sell and a Solution for each:

3 Reason Your Home Didn't Sell - Condition / Appearance

Now, don't get offended by the title of Reason #3. If you want your home to sell, you need to put pride aside and seriously consider this. Just because you think your home is spectacular and in showcase condition, doesn't necessarily mean the buyers who toured your home agree.

It may be the paint colors you are using. It could be tarnished fixtures, stains in your driveway or overgrown landscaping. There are 25+ Ways you could make your home look and present better. Why not review this checklist of 25 items and see if there is anything you might have overlooked.

Below, we will offer you a no-cost 25-Point Checklist. Review it and see if there is anything you could be doing better the next time around.

2 Reason Your Home Didn't Sell - The Price

Price is one of the most important items to consider when selling your home. If your home is priced too high, your home will languish on the market for months. If the price is too low, you will lose thousands of dollars in hard-earned equity needlessly.

Remember - It's not what your house is worth, but what someone is willing to pay. You need to gauge market conditions properly for your area, and then set a bit lower than the average. If you price your house according to the market, it's not likely to sell quickly. That's because the top 10% or 20% of houses with the best prices are selling each month in this area. If your house isn't in that lower 20% range, then it isn't likely to sell as quickly.

1 Reason Your Home Didn't Sell - Marketing Woes

Your Real Estate Agent is in charge of marketing your home. If they did not do this job properly, maybe you need to be seeking a new agent. Why continue working with someone who cannot provide results?

You need an innovative and unique marketing plan to help sell your home fast and for top dollar. Here are three things that 'good' Real Estate Agents do for their clients:

1.) They purchase advertising space in the local Homes & Land Magazine and then place an ad for your home in their pre-purchased space. The ad should be descriptive and contain a flattering photo of your home.

2.) They list your home in the local MLS Computer Database. This is the database that Realtors® use to find the perfect home for their buyers. If your home is not listed here, you are in trouble. & vbCrLf &

3.) They make themselves available to answer calls and promptly get back to buyers with courteous, professional answers.

NOW AVAILABLE! - NO-COST HOME SELLER 'POWER PACKAGE'!

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Find a Top Realtor in this area using our no-cost 'Agent Locator Service'

Receive the No-Cost Report, 25 Ways TO Make Your Home Sell.FAST!

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Find your next home without the hassle, using our No-Cost 'VIP Home Buyer Program'

Learn how to properly price your home and factor in market conditions

Why are we offering all of this at no cost? Simple - if we do a good job helping you prepare, maybe we can earn your mortgage business. We are sure willing to try. Are you willing to give us a try? If so, please fill out our 'NO-COST 'Home Seller Power Package' Request Form Below. We'll promptly send you the no-cost Report. This is 100% NO-COST, and there is NO Obligation.

Don't wait! Visit my website and request your no-cost package now!

Darren Meade

To share with you a brief history, I was homeless as a teenager for two-and-half years where I lived in the streets begging for food and change. As you can imagine, my life was filled with a great deal of uncertainty.

By divine grace and guidance, I took shelter in the parking lot of a gym. The owner of the gym noticed me camping out there and after several weeks took me in. Pretty soon I had been adopted by the group of bodybuilders there and was given the nickname 'Pup'.

However, it was after the very painful experience of my father committing suicide six months after getting off the street that I began my personal journey into spiritual growth and began questioning how I could affect a greater number people in a more loving, profound and personal way.

Over the course of several years I went from being homeless to living in a condo on a golf course and representing the United States in international events culminating in winning the middleweight title of the IFBB Mr. North America bodybuilding competition. At the same time I co-founded a nutritional which exploded in the nutrition market and by age 27 I made my first million. Being young, I then squandered my first 3 million to turn around and build it again and again...slow learner at times!

Many of my lessons learned through out my spiritual path have been in the face of adversity. While "crisis" has often had its own way of waking me to the moment and reminding me of what is important to me now, it is not a requirement of this journey.

Just when I thought I had a handle on life, the handle broke.

I've learned another new lesson about life; including truly releasing and forgiving those whom hurt you. In April 2008 my aorta (main artery from your heart) ruptured in three (3) places.

I was given less than a 10% chance of survival and I was on life-support for 3 weeks. During this time the charge nurse spoke to a family friend and informed them they were going to amputate my leg, and that I was to young to die and they needed to transfer me to a new hospital (UCLA).

While I lived, my personal relationship ended within 10 days of my being discharged from the hospital. To be fair the doctors said I might never walk again, and that they believed I would be on a catheter for the rest of my life. I lost 50lbs of muscle. So she was leaving someone who might never be able to walk; make love or be able to return to work. However I've always been an over-achiever.

For instance I went off diaylisis, my bladder which had nerve damage returned to normal, the catheters out and I the leg another hospital wanted to amputate is responding and I'm learning to walk on it once again. I no longer use my wheel chair and am learning to walk without crutches.

The only suffering came from my own thoughts, believing this person would be with me to over-come these issues. I now realize that was the largest blessing of all.

EXECUTIVE BIOGRAPHY OF DARREN M. MEADE

Darren Meade, of Kairos-Meade, has a life, which exhibits the quintessential triumphant story. He was abandoned by his parents and homeless at the age of 14, weighing less than 100 pounds and today negotiates multi-million dollar agreements.

His business career developed initially from his passion for body building. As a youth, after being homeless for two-years, he was taken in by individuals who allowed him to utilize their company gym. Darren focused that passion and successfully won several awards in competitive body building, culminating in winning the Mr. North America title for the middleweight division and represented the United States in international events. His extensive exposure in competitive body building assisted in developing relationships with industry leaders in the medical device and nutritional supplement industries.

As Darren rapidly progressed in
professional endeavors, he designed a new business model not yet used in the industry for a then unknown nutritional company. The retail experiment led by Darren worked, and within two years he drove sales from $1 million to in excess of $40 million.

Moving forward to his next success, Darren proved that he could do it again and took another company to $35 million in a single year. He diligently oversaw all facets of assisting an international research organization´s quest to gain acceptance in the U.S. biotechnology sector by partnering with one of the world´s largest biotechnology companies within only five-months. This was accomplished after the organization had tried for years and used over 50 consultants and development personnel without results.

A key to Darren´s success is his passion for each new business he enters. He specializes in building profitable long-term relationships with clients, vendors and staff.
He has proven that success is contagious.

In addition to his business accomplishments, Darren has actively participated through service of time and finances to homeless shelters and civic community organizations. He is a Deputy CEO of the Invisible Youth Foundation. Darren recently volunteered on Arnold Schwarzenegger´s successful run for Governor. Due to his efforts, he was offered a position in Sacramento. He was selected by the Orange County Register to write columns regarding the process of the campaign through to the inauguration and planning for policies.

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