(Presseportal openBroadcast) - Glendale, AZ - Dan and Lori Gleason have paid off at least three homes in a year through a real estate investment strategy known as "chunking."
The Glendale, AZ couple learned about this strategy after joining a real estate investment organization that promotes education. A short time later, Lori Gleason left her corporate job in human resources and recruitment. Dan Gleason has just informed his corporate employer that he is departing after 34-years as a senior manager in audit and compliance. "We're able to say goodbye to our W2 positions thanks to chunking," said the couple.
This creative real estate investment strategy outlines the differences between simple and amortized interest. "Most Americans don't realize that a 20% simple interest rate is far better than a 3% interest rate for an amortized loan. Any homeowner who has an amortized loan could actually pay as much as two-and-a-half or three times their total loan amount over a 30-year period. The strategy we've implemented allows us to use our Home Equity Line of Credit or HELOC to pay down the amortized loan without any additional out-of-pocket cost."
The Gleasons say putting this "chunking" method into action to downsize their home loans has helped prevent them from being victimized by corporate downsizing. "Our friends are telling us that they are getting let go from their jobs due to budget cutbacks. We have been fortunate enough to learn a system that will allow us to never deal with that nightmare again."
More information about "chunking" can be found by visiting www.bossinvestor.com
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