Chief Executive Officer of E Mortgage Management, LLC
Gregory Englesbe knows from experience that most people find insurance to be a really boring topic. They associate it with death, accidents, and disease instead of viewing it as a part of personal finance. This is why people tend to avoid reviews of their policies and purchases of insurance products. Insurance should be an important part of your financial plan. Lack of money is the last thing you want to deal with in case of an emergency such as illness, disability, flood, or fire. Insurance is one of the most misunderstood parts of personal financial planning. Studies show that over ninety percent of Americans buy and carry wrong amounts and kinds of coverages. The language of insurance policies and sales people are often confusing and overwhelming, which leads to people making wrong decisions about what they buy. The main principle behind smart insurance purchases is that you should protect yourself against big problems, not against little bumps in everyday life. Hardly anyone needs a policy that would reimburse the cost of a restaurant meal in case of a food poisoning. Insurance spreads the risks over millions of people. This is the reason why it works. You probably couldn’t afford to pay out-of-pocket to rebuild your home if it were to burn down, which is why insurance is a smart choice when it comes to the protection of your home. The premiums that many homeowners pay collectively can easily cover the expenses. Your most valuable assets most likely include your ability to make money in the future, your health, and your biggest assets, such as your home. You can get insurance for each of these potential pitfalls and be protected in case of a catastrophe, which is something that experts like Mr. Gregory Englesbe absolutely recommend doing. Visit other useful link : https://gregoryenglesbe.wordpress.com/ Gregory Englesbe knows from his experience that to choose a mortgage wisely, you should think about it as a financial tool, not as debt. Your first decision when it comes to a mortgage usually has to do with choosing between a fifteen-year mortgage and a thirty-year one. There are also mortgages for ten, twenty, and even forty years, but the decision process is the same.
Your qualifications are the main consideration in this matter. If you can’t afford payments on a fifteen-year mortgage, then you shouldn’t even be considering it. If you can afford the payments on a fifteen-year loan, you need to decide on what is more important for you: a smaller monthly payment or your ability to build wealth. Those who want smaller payments are usually thinking about the present. People that are looking to build wealth tend to be concerned more with the future. Let’s consider a $100,000 loan. The payment on a thirty-year loan for this amount at seven percent would be $665. The same amount of money as a fifteen-year loan will probably have an interest rate of around 6.75% and a payment of $885. If you are looking to have a smaller monthly payment, you’ll be paying $220 less a month with the thirty-year option. However, five years after you start paying off the mortgage, you would have repaid $22,933 on the fifteen-year loan and only $5,868 on the thirty-year loan. This means that if you are looking to build wealth, the first option would save you $17,065 in mortgage payments to a company similar to the one that Mr. Gregory Englesbe operates. Gregory Englesbe is a responsible executive in the mortgage industry. He went to school in New Jersey and obtained his degree from Rider University. He started his career the same year he graduated from school. He worked as a regional sales manager and Vice President before becoming Chief Executive Officer for a local mortgage company in 1994, the position that he held until 2002. Visit other useful links for Gregory Englesbe :
https://medium.com/@gregoryenglesbe https://gregenglesbe.tumblr.com/ |
Archives
August 2017
Categories
|