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CAPITAL FORMATION & RECOVERY SYSTEMS:
401A "MY NEIGHBORHOOD"
introduction of our
"LOTTOHOME" CONCEPT.
INVESTING IN A 401A " THE PLAN"
"BUYING OUR OWN MORTGAGES BACK"
$17.5 trillion dollars in Mortgages Nationaly
TO DISH FROM.
TEACH
YOUR FAMILY AND FRIENDS
THE POWER OF A PLAN OF
"SAVINGS & INVESTMENTS"
THROUGH A CLUB.
401A
"MY NEIGHBORHOOD"
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IN A NUT SHELL:
IF YOU PAY A MONTHLY MORTGAGE ON YOUR HOME WITH YOUR BANK OR WITH US THIS IS WHAT IS GOING
TO HAPPEND.
1.- WITH YOUR BANK: $YOUR (MTG
PAYMT.) TIMES (360 MONTHS) = IS A LOT OF MONEY. WHICH YOU WILL NEVER SEE BACK AGAIN. ALL INTEREST AND CAPITAL PAID
WILL GO TO THE THIRD PARTY LENDERS...THE BANKS.
2.- WITH US AT THE CLUB: THE 360MTHS
X MONTHLY PAY = A LOT OF MONEY TOO, WITH ONE DIFFERENCE...THIS MONEY COMES BACK TO THE CLUB, AND YOU
BEING A MEMBER OF THE CLUB...YOU WILL GET BACK A SMALL SHARE OF IT - CAPITAL AND INTEREST EARNED THAT MONTH OUT OF THAT MEMBER'S
MORTGAGE PAYMENT - THAT AMOUNT WILL BE ACCORDINGLY TO YOUR INVESTING PARTICIPATION IN THE CLUB'S OWNERSHIP; AND THIS IS ONLY
ONE ASPECT OF THE CLUB DISTRIBUTION SYSTEM; FOR THERE ARE MANY MORE WAYS TO MAKE MONEY WITH THE CLUB.
3.- ON THE SECOND DISTRIBUTION SYSTEM (METHOD) - THERE IS A LOTTO TYPE SELECTION PROCESS, IN WHICH A WINNER WILL BE SELECTED EVERY TIME
-THROUGH THE ASSISTANCE OF THE CLUB - AN OLD MORTGAGE IS REFINANCED OR A NEW ONE CREATED - IN WHICH AS A WINNER
YOU WILL BE RECEIVING BACK 25% OF THE INTEREST YOU PAY ON YOUR MORTGAGE ON THE MONTHLY BASIS AS IS RETURNED TO
YOU IN THE FORM OF ACCUMULATIVE DIVIDENDS, WHICH WILL RENDER YOU OR ANY WINNER IN THE SYSTEM A HIGHER YIELD TO YOUR'S OR
TO THEIR'S ACTUAL INVESTMENT PARTICIPATION IN THE CLUB'S ASSETS OWNERSHIP. THIS IS A GREAT CAPITAL RECOVERY
SYSTEM WHICH PUTS ALL THAT MONEY BACK INTO YOUR POCKETS OR IN YOUR SAVINGS ACCOUNT. I NEW YOU WOULD LIKE TO HEAR SOMETHING
- VERY NICE - LIKE THAT.
4.- THERE ARE TWO MORE WAYS OF
MAKING MONEY BEING A MEMBER OF THE CLUB, THROUGHT THE EARNINGS GENERATED BY THE REAL ESTATE & THE MORTGAGE COMPANIES...WHICH WILL BELONG TO THE CLUB, IN TURN
- TO YOU - THE MEMBERS OF SAID CLUB.
SO, CONTINUE READING AND DO YOUR NUMBERS, FOR ARE THE ONLY ONE WHO KNOW WHAT YOUR MORTGAGE
PAYMENTS IS AND HOW LONG IS THE DURATION OF YOUR LOAN. SHUFFLE AROUND WITH THE INFORMATION, AND IF YOU FIND YOURSELF
CONFUSSED OR PUZZELED, SEND ME AN E-MAIL, OR GIVE A CALL... AND I WILL MORE THAN HAPPY TO HELP YOU TO UNDERSTAND.
FANNIE MAE HAS A PROGRAM A LOT SIMILAR - EMPLOYER'S ASSISTED HOUSING PROGRAM- BUT OUR PROGRAM HAS A COUPLE OF ADDITIONAL AND EXTENDED BENEFITS FOR THE CLUB MEMERS WHICH MAKE IT MORE
EFFICIENT THAN THE GOVERNMENT PRESENTED. CHECK THE FOLLOWONG INFORMATION BOX FOR DETAILS.
THE AUTHOR.
CAPITAL
FORMATION & RECOVERY SYSTEMS:
"My Home & Loan Lotto-Club"
Our commitment is...
Our commitment at
"My Home & Loan Lotto-Club"
will always be our Community.
OUR OWN
"SAVINGS & INVESTMENTS PLAN"
OUR "401A MY NEIGHBORHOOD"
OUR TWO CAPITAL FORMATION & RECOVERY SYSTEMS:
1. OUR FIRST CAPITAL FORMATION SYSTEM
IS ..."THE CLUB" ITSELF AS STRUCTURED:
The main mission
of hte Club is to generate savings first, induce invetments second, and thirdly to provide an adequate economic
vehicle and enviroment for the club's members - who are the owners, the money savers, and in the eventuality the investors
of their own savings in their own Home Mortgages - to do find the investments product - THEIR OWN MORTGAGES
- where they can preserve as well as to further advance affordable housing where to pass safely all their economic
resources - THEIR SAVINGS - in a secure and profitable, and well orginized way
and fashion. With this purpose in mind we - at the Club - have created a product and made favorable underwriting
enhancements for attain affordable housing properties. As
a matter of fact, we have dedicated a great deal of our time, and of our resources to make the acquisition,
preservation and advancement of single and multifamily affordable housing...a first priority at "My Home & Loan Lotto-Club",
and for it's Membership and their families and neighborhoods... as our next in line priority.
We
set our outmost important commitment and our main focus on: 1) The creation and development of Mortgage products for adequate,
accessable, and simply affordable housing for our members. 2) To provide favorable access, and lenient underwriting
enhancements for affordable housing which will allowe us to bring more than $ Millions to this - our local communities's
- markets on an annual basis - Check for details with "My Home & Mortgage Lotto-Club's...the
application of the National Economic Multiplyer Principle" to our own newly created system .
We select our members and we select our properties
to make sure we have rents affordable to those at or below our area's median income, and tenants are not only not paying more
than 30 percent of their income for shelter, but also our system - through the creation of this financial instrument...
- our Mortgage product - provides our Members - as an added
benefit - the oportunity to build up some capital formation - the recovering of as much as 85% of their "P&I
invested during the life of their loans - which they will have to pay to a third party mortgage holder - along the time
which may be 15 - 20 - or 30 years, this is our best program's feauture; we call it "Years of Capital & Interest recovery
plan".
2.- OUR SECOND CAPITAL FORMATION SYSTEM IS:
THE CREATION OF A REAL
ESTATE AND A MORTGAGE COMPANIES. BOTH OWNED AND OPERATED BY THE CULB MEMBERS SORT
OF SPEAKING.
As you may very well expect it, by the
CLUB owning the two companies there will be some additional incomes coming to the MEMBER OF THE CLUB. In the form of
services - all the closing expenses any SALE & PURCHASE or REFINANCING OR CREATION OF NEW MORTGAGES done through
the CLUB will be money coming in to the CLUB and to be shared among all the MEMBERS - Membership - of the Club.
Title companies are an INDUSTRY IN THEMSELVES,
and through the rendering of services to the Real Estate and th Mortgage Insustry they generate a lot of new money, which
in turn generates lots of new JOBS...which comes as a blessing to our local Economies..
DO YOU REMEMBER THE FAMOUS CLOSING COST OF A REAL ESTATE TRANSACTION YOU WERE PRESENTED
WITH AT THE
TIME YOU BOUGHT YOUR HOME?
We render the services
we collect for them. Check the following GOOD FAITH ESTIMATE of a Mortgage in the making...and see the magnitud of the services
and the remunerations generated by a closing. Most of these expenses are fixed and other may vary.
 CLICK ON THE PICTURE FOR EXPANDED
INFORMATION
READ THE NEXT BLOCK BEFORE
YOU GO TO THE FOLLOWING HYPERLINK:
There ARE some more datails in this regard
in a discussion titled...CLICK BELOW TO GO TO :
"THE MICRO &
MACRO ECONOMIC ASPECTS OF THE PLAN"
The Author
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YEAR 2007.
Two
ways you can get benefits from a Club this kind.
TWO WAYS BY WHICH YOU CAN …BENEFIT
FROM BEING A MEMBER OF "MY HOME & LOAN CLUB"
… here is your 401A
MY NEIGHBORHOOD …
A. AS A MEMBER: You can get to share in equal parts the profits
the Club gets from all the economic transaction it will be involved in.
1. Your monthly Membership Fee & your added investment will measure
your ownership in the form of shares of Stock or Bonds of the Club. These shares of Stock & Bonds are redeemable once you
want to sell or change or property.
2. The Club will partly own its share of the "Real
Estate & Mortgage Companies" to cater the Club’s needs – Selling
& Purchasing their homes and mortgages among of the Club’s Membership - where service charges will always be applied
to every transaction in the form of Closing Cost. You as a Member of the Club will be partly owner of those companies – therefore
you will also partly participate in the profits of those companies, to the extent of your Club’s share of ownership;
meaning your shares of Stock & Bonds you own at any given time of the Club’s assets.
B. AS A “LOTTO HOME & LOAN CLUB WINNER”:
You
can get to be selected to have your old MTG. to be refinanced by the economic resources of the Club, or you could get to Purchase
your "1rst or 2ND Home" with the assistance of the monetary resources of the Club.
The
"Lotto" factor:
The “Lotto Home & Loan Club Winner” is the
Club Member who will be randomly selected -out of the whole Membership of the Club - to be the one Member from whom the club
will have to buyback – Refinance 80% plus closing cost - his or her mortgage from other Banks or Financial institutions;
or for this randomly selected Club Member to become a First Time Buyer 100% LTV plus closing const new Mortgage, or 2nd Home Buyer
80% plus closing cost new Mortgage, through the assistance of the monetary resources of the Club, and this can be done in
the following manner…
A. If you are a First Time Home Buyer, the Club will assist you with all the closing
cost and will give you a 80% First Mortgage, plus a 20% second Mortgage to a dully qualified Home buyer. Your access to the
financing of this Purchase is your winner’s first price.
B. As a winner of the random selection process, you will be
rewarded, by receiving back 25% of the Interest paid on your monthly mortgage commitment to the Club. The other 75% of the
interest earned on your mortgage will be distributed among the Club’s Operation Expenses and all of the Membership –
including you. All of these as per Club’s Administrative Regulations.
C. You will have the same 1. & 2. of the profit sharing of
as a MEMBER - as mentioned above -, and also you will participate in the sharing
of the profits earned by the Real Estate & Mortgage Brokerage firms in charge of all the Economic transaction involved by the
Club’s Selling and Buying homes for the Members of the Club. Those closing cost and related services will shed a profit
for the Club, and in turn - as a Club Member - you are entitled to participate in the sharing of those profits too. To learn
more about it click on the underlined below...
THE ECONOMIC ACTIVITIES
OF A or "THE CLUB".
All
you have to do is become a member of the Club and Bingo you are ready to go. It
will take some time to understand and digest this system, but all in all we the community neighborhoods and the inhabitants
of them will be a lot better off in time as the mass of money transfers get to grow to a substantially efficient amount.
Don’t hesitate and get started, send us your E-Mail
and pass on the Word, for we need between 2000 to 20000 members per Club to make it work in a high level of efficiency.
See System working Plans available.
For additional reading you can go...
THE ECONOMIC ACTIVITIES OF A
or "THE CLUB".
http://www.hectorasaenz.com/id4.html English
http://www.hectorasaenz.com/id14.html Espaņol
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SELECTING AN INVESTMENT PLAN THAT WORKS FOR YOU.These
are a series of Investments Plans you as a Club Member will enjoy and select at your own desire, in addition to your monthly
MEMBERSHIP FEE.(You will need the free Adobe Reader to view this form)
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WHAT IS "MY HOME & LOAN CLUB"
OUR OWN
"SAVINGS & INVESTMENTS PLAN"
"401A MY NEIGHBORHOOD"
MAIN OBJECTIVES:
1.-GET TOGETHER A MASS OF NEIGHBORING PEOPLE WHO LIVE WITHIN ANY GIVEN COMMUNITY TO FORM A CLUB
TO START WORKING TOWARDS THE RECOVERY OF ALL THAT MONEY WE INVEST IN OUR HOMES ON THE MONTHLY BASIS IN THE FORM
OF "PRINCIPAL & INTEREST" INCLUDED IN THE MONTHLY PAYMENT OF OUR MORTGAES. GREAT IDEA...IS IT NOT?
2.- ONCE WE START THE CLUB, WE CAN BEGIN SAVING - ALL OF US TOGETHER - ON THE MONTHLY BASIS A GIVEN
QUANTITY OF MONEY TO PURCHASE OUR OWN HOMES & MORTGAGES BACK.
3.- ONCE WE START BUYING - WE HAVE ALL BECOME INVESTORS AT THIS POINT - A HOME OR REFINANCE
A GIVEN MORTGAGE, WE WILL SELECT - THROUGH A RANDOM SELECTION PROCESS AMONG ALL THE CLUB MEMBERS -. A WINNER
WILL BE SELCTED AND WE - THE CLUB'S MEMBERS - ARE GOING TO ASSIGN HIM OR HER WITH THE PRICE OF A NEW PROPERTY -
A HOME - OR A NEW MORTGAGE TO REFINANCE. THE HOME IS ACTUALY BEING BOUGHT BY THE WINNER AS WELL AS THE NEW
LOAN - THE OLD MORTGAGE IF REFINANCING - IS BEING BOUGHT BY THE WINNER JUST THE SAME. THE DOWN PAYMENTS AS
WELL AS THE CLOSING COST ON BOTH THE TRANSACTIONS WILL BE PROVIDED BY THE CLUB - USING THOSE GENERATED
FUNDS AT THE TIME THE MONTHLY FEE AND THE ADDED INVESTMENTS ARE COLLECTED -AND TROWN AGAINST THE NEW MORTGAGE ON
EITHER CASE.
THE CLUB WILL BE FUNDING THE NEW LOAN'S DOWN PAYNMENT ( IF THERE IS ONE ) AND THE CLOSING
COST IN EITHER CASE. THE WINNER WILL ONLY OBTAIN - WIN - THE ACCESS TO THE NEW PROPERTY OR WIN ACCESS TO THE REFINANCING OF
HIS OR HER OLD MORTGAGE - WHEN HE OR SHE ENTERS INTO THE RANDOM SELECTION PROCESSS - . THIS PER SE WILL BE THE PRICE HE OR
SHE WOULD HAVE WON OUT OF THET PARTICULAR RANDON PRCESS EVENT. THIS IS NOT A LOTTERY NOR A PYRAMID; THIS IS HEALTHY
AND WELL ORGANIZED FORM OF REDISTRIBUTING ALL THAT MONEY WE WILL BEGIN TO EARN THROUGHOUT THE WHOLE RECOVERY PROCESS
ALONG THE ECONOMIC ACTIVIITIES OF THE CLUB.
FROM HERE ON THERE WILL BE A NEW WINNER WITH A NEW LOAN TO REPAY AND HE OR SHE WILL DO
THAT REPAYMENT TO THE CLUB'S MEMBERS; FOR THEM ALL HAVE APPORTED AND ARE THE OWNERS OF THE NEW CAPITAL INVESTED TO PURCHASE
SAID HOME OR MORTGAGE, WHICH WILL BE DISCUSSED LATER ON IN MORE DETAIL.
4.- WHEN THAT NEW LOAN BEGINS TO BE REPAID BY THE NEW WINNER - ON THE MONTHLY BASIS -, THAT MONEY
IN THE FORM OF INTEREST AND IN THE FORM OF A CHUNCK OF CAPITAL OUT OF EVERY MONTHLY PAYMENT WILL BELONG TO
ALL THE CLUB'S MEMBERS, AND IT WILL BE SHARED - ACCORDINGLY TO RULES AND REGULATION IMPOSED BY THE CLUB - AMONG
ALL THE CLUB MEMBERS PROPORCIONATELY AND ACCORDINGLY TO EVERY CLUB MEMBER'S AMOUNT OF "OWNERSHIP" OF THE CLUB'S SHARES
OF STOCK OR BONDS WICH EVER IS WHAT EVERY MEMBER BUYS AT THE TIME HE OR SHE MAKES HIS OR HER MONTHLY FEE PAYMENT AND
ADDITIONAL MONTHLY INVESTMENT.
5.- THIS RECOVERED MONEY WILL BEGIN TO COME BACK TO THE CLUB'S MEMBERS INDIVIDUALLY IN THE FORM
OF DIVIDENS ON THE MONEY THEY HAVE INVESTED IN THE CLUB. TO BE EXPLAINED LATER ON IN MORE DETAIL. FOR NOW SUFICIENT IS TO
KNOW THAT THE MONEY WILL BEGIN TO COME BACK. WE ARE THE INVESTORS AND AT THE SAME TIME WE ARE "THE DEBT PAYERS", WHICH
BY THE WAY THIS MAKES IT A SOUND INVESTMENTS TO BELONG TO THE CLUB; FOR WE ARE THE GUARANTORS AS WELL AS WE ARE
THE PROTECTORS OF THE DESTINY OF THOSE LOANS. THAT IS JUST GREAT!
BOTTOM LINE, IT PAYS ALONG THE TIME TO BELONG TO THE CLUB AND AS LONG AS WE HELP OUT TO BUY ALL
THAT MONEY BACK WE WILL BE CREATING A CASH LIQUIDITY WHICH DID NOT EXIST NOR WE HAD BEFORE, AND THAT ALONE
IS PROGRESS. IN TIME WE WILL HAVE AN ENOURMOUS AMOUNT OF ASSETS IN OUR CLUB'S COFFERS, AND ALL OF IT BELONGING TO THE CLUB'S
MEMBERS.
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OUR OWN
"SAVINGS & INVESTMENTS PLAN"
OUR "401A MY NEIGHBORHOOD"
BASIC REQUIREMTS TO BELONG TO THE CLUB:
1.- FIRST OF ALL, YOU HAVE TO HAVE THE WILLINGNESS TO DO SOMETHING CONSTRUCTIVE AND BENEFICIAL TO YOURSELF,
YOUR FAMILY AND YOUR COMMUNITY WHERE YOU LIVE IN.
2.- YOU OUGHT TO HAVE A MORTGAGE TO RE-PAY ON THE MONTHLY BASIS, AND YOU HAVE TO BE PRE-QUALIFIED TO
REFINANCE SAID MORTGAGE.
3.- IF YOU DON'T HAVE A HOME....YOU OUGHT TO BE PRE-QUALIFIED TO OWN , OR TO PURCHASE A HOME.
4.- FOR THIS YOU HAVE TO HAVE A GOD CREDIT SCORE, A JOB AS WELL BANKING REFERENCES, JUST ALL THOSE REQUIREMENTS
ANY REGULAR BANK WILL ASK YOU FOR.
5.- IF YOU DON'T HAVE A HOME, YOU WILL HAVE TO QUALIFY FOR FIRST TIME BUYERS.
6.- IF YOU HAVE A HOME WITH NO MORTGAGE, YOU ARE MORE THAN QUALIFIED TO BELONG TO THE CLUB.
7.- YOU WILL HAVE TO BELONG - TO LIVE WITHIN -TO THE COMMUNITY WHERE THE CLUB WILL SET ITS PREMISES TO CARRY
ON ITS ECONOMIC ACTIVITIES. THIS CAN BE CONSIDERED CITY WISE, OR ZIP CODE WISE, OR NEIGHBORHOOD WISE.
8.- YOU HAVE TO BE WILLING TO COOPERATE IN EVERY ACTIVITY THE CLUB WILL CARRY ON TO ENHANCE ITS CREATION,
ORGANIZATION AND ADMINSTRATION; FOR THE CLUB WILL ACT TO ITS MEMBERSHIP JUST LIKE ANY REGULAR CREDIT UNION WILL DO TO
THE FIRM THEY BELONG TO.
BOTTON LINE, WE HAVE TO HAVE SOME KIND OF COMMON DENOMINATOR RELATED TO THE COMMUNITY WE LIVE IN,
BE SOME HOW QUALIFIED TO ENTER ALL THE ACTIVITIES THE CLUB WILL CARRY ON WITHIN THE COMMUNITY, AND MOST IMPORTANT OF ALL -
WE OUGHT TO BE WILLING TO FACILITATE A HEALTHY ECONOMIC GROWTH THROUGHOUT THE COMMUNITY WE LIVE IN FIRST AND IF
THERE IS ROOM FOR EXPANSION TO THE REST OF OUR NEIGHBORING AREAS
WITHIN THE CITY OR STATE WE LIVE IN. IT IS NO TO MUCH TO ASK OR IS IT?
NOW, AT THIS POINT YOU WILL ALREADY KNOW WHETHER YOU WOULD LIKE TO BELONG TO THE CLUB OR NOT. DESPITE
THE FACT OF THE BRIEF AMOUNT OF INFORMATION WE HAVE GIVEN YOU, YOU OUGHT TO HAVE AN IDEA OF WHAT IS THAT WE INTENT TO DO.
I F YOU ARE WILLING TO CONCIDER BECOMING A MEMBER, WE WOULD LIKE YOU TO LET US KNOW SO BY USING OUR HYPERLINK
"CONTACT ME" AND SEND US YOUR CONCERNS.
THIS IS SORT OF A SURVEY TO DETERMINE THE QUANTITY OF PEOPLE INTERESTED
IN OUR PROGRAM. WE NEED -APROXIMATELY- BETWEEN 2K TO 22K MEMBERS TO CARRY ON WITH A RAPID AND ACCELERATED RATE OF GROWTH.
ALL DEPENDING ON THE DIFFERENT MEMBERSHIP FEES - THEY RANGE FROM $30.00 A MONTH ON UP -,
AND THE DIFFERENT INVESTMENTS OPTIONS - WHICH ALSO RANGE FROM $50.00 ON U P - EVERY MEMBER WILL
HAVE TO CHOOSE FROM TO SET HIS OR HER OWN SAVINGS GOALS.
YOU ARE INVITED TO CONTINUE READING THE REST OF THE PROGRAM. IF THERE IS ANY THING YOU
DON'T UNDERSTAND OR YOU NEED TO HAVE A CLARIFICATION FOR, PLEASE, FEEL FREE TO WRITE US. WE WELCOME BRAINSTROMS, FOR
THEY ARE HEALTHY MEANS OF GETTING BETTER INFORMATION.
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How the “My Home &
Loan club” works:
OUR OWN
"SAVINGS & INVESTMENTS PLAN"
OUR "401A MY NEIGHBORHOOD"
To begin with, the club is
a legal person or legal entity which is used as a vehicle to carry on with all the legal, social-economic and political activities
of the Club will carry on within a given social environment or community. In
other words, the Club is a non-profit organization destined to create, oversee, organize, and administer all Clubs Membership
activities. As a non-profit organization, the Club possesses many members-benefits,
such a tax shelter and a better neutral and non-partisan decision making process, as well as non-biased random selection process,
for it will have to use one of the kind. All these mechanisms will be instituted to carry on with the Club’s main objective;
which is to buy back as many as we can…of our Home Mortgages. Simple as
it can be. We want to be the funding institution for our own home mortgages.
To become our own banks, put in another way.
Besides this original tax
shelter, there will be others such a a SUB-CHAPTER 1120 - which is a direct personal tax shelter per individual investor,
as well as other tax shelters such as if we can get it, a tax collection deferral - as the one applicable to all 401A - for
the respective individual investments. Plus the new tax exemption or deferral for the dividends tax on the yearly collection.
All Members to the Club will
have to pay the Club a Membership Fee on the monthly basis to become and stay a member. Along with an initiation fee at time
of registration and, also along with the monthly fee all members have the right to make additional investments of any quantity,
accordingly to everyone’s own decision’s investment plan of their own selection. This
Investments Plans will very in duration and monetary participation.
Those mortgages we are aspiring
to buy back will come in different forms and sizes. But the point is that we will pretend to buy back that particular mortgage
back, and make part of the Club’s Membership’s inventory. The acquisition
of the old mortgage through a refinancing, or the creation of a new mortgage through the purchase of a home with the assistance
of the Club will be the two vehicles to use to do just that. Therefore, all the investments plans will be subject to the total
cost of the creation of the new mortgage or to the total cost of the refinancing, will very accordingly to the actual market
value of every property in question.
One home will require “x”
amount of Dollars to create a new mortgage or to do the deal. The same is applicable
if we are to do a refinancing. This “x” amount of total cost will
be, sort of speaking, the total investment required to do that particular deal. Therefore,
that will be the quantity of money the Club will have to raise to back up – do the funding - for such transaction.
Up to this point we find
the Club looking for investors to pool their resources to do this type of activity. There will be as many Investments plans
as many members to the Club’s Membership possesses and accordingly to each s own decision, on how much they want to
spend on the monthly basis to carry on with these transactions. See the following
schematic to understand my point…
When you are reading this
schematic, try to understand that the need of one factor may be directly or indirectly proportional – or needed –
to the existence of any another factor, or factors. Pay close attention to the detail…it is very important.
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THIS IS THE WAY IN WHICH
"OUR SAVINGS AND INVESTMENTS PLAN" -
"401A MY NEIGHBORHOOD" - SHOULD AND WILL WORK:
We are going to begin with the assumption that each of us will have to get used to the idea of making some savings
and some investments on the monthly basis. We are going to committ a given amount of money on the monthly basis
and we are going to sustain such savings and invetment attitude for as long as we can; without taking any of it out for no
rason at all - unless an emergencia or something valid and with a lot of merit to do it otherwise -
until the property is sold or lost otherwise.
Our commitment with the Club will
be that of making Membership Fees monthly payments and in addition a given constant amount of money - as small
or as large an amount as we wish - in the form of "Monthly Savings". With these collected funds we - the members - are
going to be buying "Rights of ownership" - shares of stock and Bonds if you wish - of, and from the Club. This
is the link that will give us access and ownership rights to all the economic activities - namely paying operation expenses,
buying Homes, and creating new Mortgages from and for us the members of the Club - of the Club onto our neighborehoods and
communities. With the collected funds we are going to buy Homes and refinance our old mortgages - we currently
are paying to some other financial institucion outside our own communities.
Our outmust demanding and highly imperative main objective for us is to "buy back" - for our own benefit...us the Membership
- all those mortgages we are paying out the reach of our own communities on the monthly basis. In the mean time Follow
me...
There
may be different programs and they are the following to begin with:
1.
The Monthly Fee will be the same for averybody..$20.00 a month…since day one one becoms a Member to the Club.
2. The monthly amount of investments will be chosen by each of us accordingly our own Investment capacities
and accordingly to the Club's rules and regulations. Those programs can be of the following manner:
"OUR SAVINGS AND INVESTMENTS PLAN"
OUR "401A MY NEIGHBORHOOD"
Available
Programs: $30.00- $60.00-$100.00-$$150.00-$200.00 and much more if you wish.
Commited to at least for the first 5 years.
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“My Home & Loan Club” programs: |
1ro |
2nd |
3ro |
4to |
5to |
6to |
|
|
|
|
|
|
|
|
|
|
Investment
/Monthly |
|
$30 |
$60 |
$100 |
$150 |
$200
|
$1000 |
Interest % |
|
6% |
6% |
6% |
6% |
6% |
6% |
|
No.payments
per year |
|
12 |
12 |
12 |
12 |
12 |
12 |
|
|
|
|
|
|
|
|
|
|
1 Person
/Per year |
1 |
$370 |
$740 |
$1,234 |
$1,850 |
$2,467 |
Totales accumulados |
|
10
Persons
/Per year |
10 |
$3,701 |
$7,401 |
$12,336 |
$18,503 |
$24,671 |
para los |
|
100Persons
/Per year |
100 |
$37,007 |
$ 74,013 |
$123,356 |
$185,033 |
$246,711 |
Siguientes
|
|
1000Persons
/Peryear |
1000 |
$370,067 |
$740,134 |
$1,233,556 |
$1,850,334 |
$2,467,112 |
Programas |
|
|
|
|
|
|
|
|
|
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Total $$ amount of money we need to purchase a 100%financing of a Mortgage. Plus: |
$210,000.00 |
Valor de la vivienda. |
|
Cs/CtFct(7%)+AdmCt(2%): |
$11,621.00 |
Closing cost + Down Payment (if any) |
|
|
Total Cost for the Purchase: |
$221,621.00 |
Mortgage. |
$221,621.00 |
Dollars per Mortgage. |
|
|
|
|
|
|
|
|
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How
many Member (X) do we need to purchase a Home and we need to create a New Mortgage of $221.6K - if we charge (Y) per member? |
|
|
Assuming the
Old Mortgage may between $150K to the actual value of the New Mortgage.
|
|
(Y) Monthly Amount = |
$30 |
$60 |
$100 |
$150 |
$200 |
$$ P/Mes |
|
(X)No. Members =. |
7,387 |
3,694 |
2,216 |
1,477 |
1,108 |
No.Members |
|
|
|
|
|
|
|
|
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Up
to this point we should already know which is going to be our individual program…where("X") is the number of Members
to each pay monthly amount...("Y").
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|
As
in our previous example, how much money do we need to purchase a Home or a Refinancing of $210,000.00 Dollars, which
will create a new Mortgage of $221,621.00 in value, for a period of time ("Z")
in years, which can be of 15-20-30 years; and with an interest rate of (“I”) which can be fix or can
be variable; accordingly to each case in question.
Axiom,
the number of Members needed will be indirectly proportional to the amount of investment each member will be making
on the monthly basis, and vice-versa...the least the amount of investments the more Members we will need to carry on with
at least one monetary transaction. we the Members will be better of by being less the number of Members.
For all those who are interested
in learning about the Micro and Macro-Economic effects of these monetary movements in our communities and at Natinal level
please click on the following hyperlink...and enjoy it...
GEOMETRICAL ECONOMIC GROWTH
(INGLISH & ESPAŅOL)
CHECK IT OUT CLICK ON THIS LINE |
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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 85% - assuming 15% for
Club's operational expenses - of those total monies will come back to the club members. All those monies 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 and your home's Plus 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.....
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 TODAY, 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...
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REGISTER TODAY AND BECOME A NUMBER...
YOU ARE NOT INCURRING ANY COMMITMENTS NOR ARE GETTING INTO A DEBT WITH US OR ANY OF OUR CLUBES.
YOUR ARE ONLY DECIDING AND HELPING US TO DETERMINE AN ADEQUATE NUMBER OF MENBERS - QUORUM - NECESSARY TO OPEN ONE OF OUR CLUBES,
THEN...YES WE WILL HAVE RULES AND REGULATION IN PLACE TO FOLLOW UP. IN THE MEAN TIME, FEEL FREE TO COOPERATE WITH
US AND GIVE US YOUR VOTE OF TRUST AND CONFIDENCE IN THIS MATTER BY REGISTERING WITH US FOR A FUTURE OPENING. ALL WE NEED TO
KNOW AT THIS POINT IN TIME IS IF YOU ARE INTERESTED IN THIS KIND OF PRODUCT.
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