Hurricane Katrina has taken it's toll up in a 4 State region along the Gulf Coast. Many homeowners have been left at with huge repair and little or no insurance money to help with the fix-ups. A New Millennium Home might just be the solution for Future Katrina Like Disaster,Bottes

         Many People are stuck in the mentality that getting a 30 year fixed rate mortgage and then making extra payments to the bank to pay off the mortgage sooner is the best way. A Homeowner with a $200,chaussure christian louboutin,000 would pay $1,Christian Louboutin Bottines,135 a month. If they were to add $200 additional each month their payment would be $1,Christian Louboutin Talon Compensé,335 a Month. Lets say they pay on this mortgage for 10 years and a Hurricane Katrina Like Disaster hits and destroys their home and for whatever reason the Insurance covers little or none of the damage what do they have left Nothing and they still owe over $130,Chaussures Tory Burch,000 on the Home Loan.

         A New Millennium Home Loan works on the principle of getting a loan with a low interest rate and investing the difference. A power option ARM is available on a $200,Manolo Blahnik Chaussures,000 loan with a payment of $734 for the first 5 years.

         If a Homeowner were to get a loan like this and invest the $600 a month savings at an 8 percent return he would have over $109,Christian Louboutin Pumps,000 in the investment account at the 10 year mark. $109,Christian Louboutin Sneakers,000 that could be used to rebuild. If that same homeowner would continue to make this $600 a Month payment for 254 months (The Time it took the Previous homeowner to pay off their house) He would have over $395,Gucci Sandales,000 in investments.

         About the Author
Mike Makler Offers Financial Services (Mortgages,Chaussures Tory Burch Escarpins,Life Insurance, Annuity) in Florissant Missouri which is in North St. Louis County Missouri Just Across the Bridge from St. Charles Missouri

Call Mike at 314 398-5547

Visit Mike's Web Page:


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         Copyright ?2005-2006 Mike Makler

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