AS A REAL LIFE EXAMPLE OF
"MY HOME & LOAN CLUB"
OUR "401K MY NEIGHBORHOOD"
INTRODUCTION LETTER.
What "My Home & Loan Club" means and how it works.
"My Home & Loan Club" is a social gathering were people - mostly neighbors - get together
to pursue objectives of common denominations most of the times. This "Club" is one of those cases, where the common goal is
to recover all the money we, as a group, can get back from our monthly MORTGAGE payments. Out of your monthly Mortgage
payments a large quantity of "DOLLARS" is denominated "INTEREST", and most of that money never comes back to us at all.
Figure this out...: You pay $1206.00 for your House monthly mortgage payment, and that payments is divided
in the following form:
1.- "Principal & Interest" (assumption) $806.00
2.- Taxes & Insurances (Escrow) $400.00...
In numbers (1) assume $756.00 are interest only and $50.00 is principal (capital borrowed).
Throughout the life of your loan - which may be 20 , 25 , 30 years... Assume 30 years which is equal to 360
monthly payments. Now how much money, in interest alone, you will pay in those 360 month?
Simply... multiply Interest $756.00 x 360 = $272,160.00 Dollars which you will never see back again.
Unless, you could get some of it back when you file your 1040 tax return at the end of every year - conditioned to the
bracket you pertain to -...and that only if you had to pay any taxes, if you did not... you don't get any of it back at all.
THE WAY IT WORK IS DESCRIBED BY THE FOLLOWING TABLE:
Example of Comparative analysis...
"THE REAL AMERICAN DREAM"
Once again, but this a is a real daily life situation:
Let's assume you purchase a home value $120,000.00 Dollars, and you come
up with $20,000.00 down payment. Your mortgage balance will be $100,000.00 Dollars.
"$100,000.00
Mtg. at (PR) 6% Interest will pay (X) total at maturity : Which means you will have to pay back a grand total of the following figures until your last payment
date.
"Conventional" System
| 10 Yrs
| 20Yrs | 30Yrs
|
|$133,200.00 |$188,640.00 |$216,000.00|
In a "Conventional" System, None of this money
is yours; all of it belongs to a third party - a Bank or Financial Institution - not known to you or
by you - , only Your Home and it's "Plus value" belongs to you.
"THE REAL AMERICAN DREAM"
With the "Home & Loan Club" System
| 10 Yrs
| 20Yrs |
30 Yrs |
|$133,200.00 | $188,640.00 |$216,000.00 |
In our "HOME & LOAN CLUB" System at least 90% - assuming 10% for
Club's operational expenses - of those total money will come back to the club...and its members. All that money
belong to the Club's Membership; Plus all other Club's benefits - originated on the fact that the Club will
be holding those interest earned and those capitals recovered -, Plus your physical Home's Market Value, and your home's
yearly incremnets of its Plus Market Value. It is all real...it belongs to the Club's Membership...back
to your savings accounts and in turn to your neighborhood's; if you see it closely fueling a grand
local economic expansion. Once again....remember....that.....
FUNCTIONS AND RESPONSIBILITIES OF THIS KIND OF CLUBS.
1.- TO RECRUIT THE BEST AND MUST QUALIFYED MEMBERS TO FORM A SOLID CLUB'S BASE TO BECOME HIGHLY EFFECTIVE
AND SATISFACTORELY REWARDING.
2.- TO COLLECT A MEMBERSHIP FEE ON THE MONTHLY BASIS THROUGH THE ADMINSTRATION OF THE CLUB, TO EACH OF THE
MEMBERS, UNIFORME TO ALL AND ABLIGATORY, TO BE LEGALLY A MEMBER OF THE CLUB..
3.- TO PURCHASE WITH ALL THE MONEY COLLECTED THE OLD MORTGAGES OF THE SELECTED MEMBERS HOMES, AND OF THOSE
WHO ASPIRE TO PURCHASE THEIR FIRST HOME...THEIR'S NEW MORTGAGES. EACH SELECTED MEMBER WILL BE CHOSEN THROUGHA RANDOM
PROCESS. THE SELLING AND THE BUYING WILL BE DONE WITHIN THE ENTERPRISES OWN BY THE CLUB...IN TURN BY THE MEMBERSHIP.
4.-THE CLUB WILL ACT AS THE MORTGAGOR - THE MONEY COLLECTOR - OF ALL THOSE NEW MORTGAGES OWN BY THE CLUB...IN
TURN BY THE MEMBERSHIP.
5.- THE CLUB MUST RE-DISTRIBUTE ALL THE MONEY EARNED THROUGH THE MORTGAE COLLECTIONS AS WELL AS THE MONEY
EARNED IN THE ENTERPRISES OWN BY THE CLUB IN THE FOLLOWING MANNER...:
a.- 10% to pay the existence of the Club.
b.- 25% of the interest collected on the monthly basis will be given
to the selectee in the form of monthly or yearly dividens - or there is a second option which will be mentioned and explaind in
a later time - which will be distributed accordingly the rules and regulation of the club.
c.- 65% or the difference to the 100% of the money collected on
the monthly basis, will be distributed among all the members of the club - in a form and manner or accordingly
to the club's rules and regulations - equivalent to every member OWNERSHIP RIGHTS to the assets of the club, or through
a second option to be mentioned latter time. -
7.- The Clubs will be the Icons to represent , to organize, to create, to administer all economic
activities of the Clubs as legal persons or institutions onto the society where they will be founded.
THERE WILL BE DIFFERENT CATEGORIES OF PROGRAMS FOR SAVING AND INVESTING PLANS:
YOU COULD START WITH AS $30.00. MEMBERSHIP FEE AND SMALL ADDITIONAL INVESTMENTS COMMITMENTS; which can
star with $30.00 - $50.00- $75.00- $100.00 or more. Each member will select a program where he or she plan to stick to
it as long as they can. the larger the amount the least is the number of member per sving and investment category.
At htis point in time of our presentation, all visitors should have clear that the program works. before
you spent your money and nothing stay back...; with the Club all the money stay home for us to save and spend.
I hope you can see it the same way i see. It does not nmatter what and how it stays back into our pocket
and our communities... the fact is that it stays back in our control
Tha Author
THE CLUB
Our Club's main goal or objective is simple, we get
together in the form of a Club to pool our money to buy our own Mortgages back; by doing so - all those interest - we are
paying someone else will come back to all of us members of such Club. This is exactly like...
"IF YOU PLAY WEEKLY LOTTERY, OR IF YOUR ARE PAYING YOUR HOME MORTGAGE IN A BIWEEKLY FASHION, YOU WILL CERTAINLY SPEND SOME ADDITIONAL
MONEY "TODAY", AND YOU WILL ONLY MAY GAIN - FOR
THE PROBABILITIES ARE VERY LOW - SOME MONEY AND SOME TIME "IN THE FUTURE"; BUT YOU WILL NEVER RECOVER ANY OF THE MONEY YOU INVEST - IN THE FORM OF A MORTGAGE'S
"PRINCIPAL AND INTEREST... "- WHICH YOU WILL HAVE TO PAY DURING THE ENTIRE LIVE OF YOUR LOAN...ON THE MONTHLY BASIS.
BELIEVE ME, THIS IS A FACT OF LIFE. "WITH THE CLUB YOU WILL RECOVER
THAT MONEY BEGINNING DAY ONE, WITHOUT OUR CLUB YOU CERTAINLY WILL NEVER SEE THAT MONEY BACK AGAIN.
This leaves you with two options...
Option one, you stay as you are, waiting to win
the State lottery, 1 in 12 million probabilities, and or to reduce your mortgage amortization maturity time by 8.2 years by
making biweekly payments on your mortgage..., make numbers and see the difference. Besides, you spend much more this way if
you come to see it closely.
Option two, you come along with us joining
our club and start getting your Principal & Interest money back, and along the way you can grow -socially -economically
and otherwise...in stature and within your own community. You owe it to your self, to your family and to your community
FOR MORE ABOUT WHAT WE ARE AND HOW WE WORK
PLEASE GO TO THE THE FOLLOWING WEB SITE PAGE:
http://www.hectorasaenz.com/id88.html IN ENGLISH
http://www.hectorasaenz.com/id90.html EN ESPAŅOL
The Author...
