American Dream 2007: Keep Those Real Estate Properties Financed!

If you had enough money to pay off your mortgageinvariably among the wealthiest five percent of the
right now, would you?Many people would. In fact thepopulation, insist on carrying on a mortgage even if
American Dream is to own a home - and to own itthey can afford to wipe it out entirely today? Because
outright, with no mortgage. Imagine owning your homethey are aware of the biggest untold secret of
without having to send a cheque to the bank everyhomeownership: a mortgage is primarily a loan against
month, the feeling one will enjoy when - after thirty longthe borrower's income, not primarily against the value
years - the moment finally comes to make one lastof the house. It this was not the case, then naturally
payment so that the house is paid off, at last. Being soanyone with a $30,000 annual income would qualify to
fortunate must evoke a sense of security, gratificationpurchase a multi-million dollar mansion.All of which, then,
and well-being that anyone only can dream of.But if inmakes the whole difference in the world when it
fact the American Dream is so wonderful, how comecomes to a process known in Economics as the
thousand of financially successful people - folks whoaccumulation of wealth. Prosperity in any society and
have more than enough money to pay off theirat any given time is the epitome of financial stability,
mortgages right now - refuse to do so? Why is it thatreliability, and security.
a small group of Americans and Canadians, who are