Killing your loans
Friday, February 15th, 2008Secured loans (aka mortgages) are long term loans - however from my point of view they are loans. Loans are liabilities on you, since you not only has to repay the debt but also pay interest for borrowing the money. You might see lots of ads around for systems that consolidate loans, eradicate loans, eliminate loans. There’s no magic behind those systems. If you research them on the internet you’ll find a big common fact: you have to use the same income you have now.
