Monthly Archives: September 2015

MIXING it up with INVESTMENT DIAMONDS – Anonymous – SMART???

robbers-diamondsPrint this brochure to start your learning curve.

portable-wealth-investment-diamond-guide

Doubleclick guide above to access. Wait for uploading, then access.

Contact: Warren Strycker, Gofinancial, wstrycker@gofinancial.net; 928 345-1200.

What is an Investment Diamond?

Performance

The investment diamond market as it exists was born of a policy instituted in the 1930s by De Beers’ London-based marketing subsidiary, the Diamond Trading Company, more commonly known as the Central Selling Organization or CSO.  At that time, the CSO began sorting out and selling its finer and scarcer diamonds at prices which were raised to provide appreciation considerably in excess of that from other investments.  Few could afford to buy these expensive stones as jewelry, but buying them as an investment with a growth rate assure to beat all others was another matter all together.

By the 1940s, the Swiss investment community caught on to De Beers’ offer of protecting purchasing power from the forces that erode it; the French and Germans were only a few years behind.  The Saudis and Japanese picked up the quiet message in 1973, and Americans in 1977.

The investment diamond market has rapidly become important to De Beers.  Investment diamonds, which account for barely two percent of all diamonds mined each year, represent 15 percent of the cartel’s revenues.  By continually raising investment diamond prices, De Beers can then justify charging relatively higher prices for its bread-and-butter jewelry diamonds, which are far more plentiful.

De Beers’ investment diamond policy (instituted without fanfare 85 years ago) has caught on quietly and steadily worldwide, and rapidly since it captured the interest of Americans.

Learn about investment diamonds with this powerpoint. Doubleclick on the link “INVESTMENT DIAMONDS” BELOW and then the “PW” link which will download the program to the bottom of your screen which can be double clicked to load the program. Click through the slides to learn about investment diamonds. Be patient as it loads the program. Followup on your learning — contact Gofinancial.net to receive newly printed brochure by mail. Ask to have brochure sent by mail (OR EMAIL). 928 345-1200.

Investment Diamond Presentation – PW

Let Gofinancial put you in touch with Portable Wealth. Call 928 345-1200 or email wstrycker@gofinancial.net and continue your learning curve. Consider putting a chunk of money in the finest investment diamonds. They may be important to you over the horizon ahead.

sp-to-diamond-value

Home equity is sweet spot for peaceful retirement using all the financial tools at your disposal

You’ve worked hard to become a homeowner. And, you want to make smart decisions on how to use your home’s equity so you can get the most out of your money. Whether you put your home equity toward debt consolidation or tuition payments, securing a home equity loan or line of credit can help finance the areas of your life that you may need help with or use it for a savings account to building retirement resources.

With a home equity loan or home equity line of credit (HELOC), you can use your home’s equity to consolidate debts, finance a college education, make home improvements and much more including a reverse mortgage. You can find affordable borrowing solutions to use your home equity wisely, based on your unique needs and lifestyle.

Using home equity to consolidate debt

Since equity loans and lines of credit can often carry lower interest rates, using your home equity for debt consolidation might be a smart decision for you. If you have existing credit card, student loan or auto loan debt with high interest rates, you can use your loan or line of credit to consolidate and pay off this debt – possibly with a lower interest rate.

Using home equity to invest in your future

Investing in your future, or in the future of your college-bound teen, may be a smart financial decision. Use your home equity line of credit or loan to finance a college education, whether it is your child’s or your own, and capitalize on the benefits of higher education.

Using home equity to invest in your home

Funding home improvements and renovations with a home equity loan or home equity line of credit can add significant value to your home.

Using home equity to support retirement

Funding a HECM MORTGAGE requires at least a 50% stake in your home equity, so if this is in your plans, be sure you don’t mortgage your home beyond the halfway mark on home equity so you can get a HECM, pay off the mortgage to eliminate the payments and ride home on  your home equity (with no payments).

If you are able to keep mortgages out of the way, you’ll have a nice cache after you pay off the mortgage to streamline your retirement expenses. Also, make sure you are credit eligble and don’t have a new mortgage on the table within the last year.

In this way, your home purchase eventually turns into a bank in which you borrow your own money (equity) without payments to add to any 401k funds or tax deferred annuities you’ve purchased over the years.

For more information about HECMs, home equity and reverse mortgages contact Warren Strycker NMLS 247179,  928 345-1200. More information at home tab: Information.

Questions about a HECM?

Below are some common questions about HECM loans:

What is a Home Equity Conversion Mortgage loan?

A HECM loan allows homeowners aged 62 and older, to convert a portion of their home’s equity into tax-free funds and eliminates the need to make any monthly mortgage payments. This allows many homeowners to obtain the cash they need to improve monthly cash flow, pay off debt, fund home repairs or renovations or build a safety net for unexpected expenses.

How do I qualify for a Home Equity Conversion Mortgage loan?

One Borrower on the Home’s Title Must be 62 years of age

The home must be your primary residence

The home must have sufficient equity and you must be able to pay off your existing mortgage (if any) using the HECM proceeds.

Most single-family homes, two-to-four unit owner-occupied dwellings, townhomes, or approved condominium or manufactured homes

How much money could I receive?

In general, the older you are, the more equity you have in your home and the lower your mortgage loan balance; the more money you can expect from a HECM loan.

How do I receive my proceeds?

Depending on how your structure your loan, there are multiple options to choose from when deciding how you would like to receive your loan funds. You can receive a lump sum payment, monthly payments or obtain a line of credit.

Do I have to pay income taxes on the proceeds?

Money received from a HECM is tax free as it is not considered income. However, you should consult your financial advisor for any effect on taxes.

Still have questions? 

Consult your appropriate government agencies for any effect on taxes or government benefits.

You must still live in the home as your primary residence, continue to pay required property taxes, homeowners insurance and maintain the home according to FHA Requirements.

The funds available to you may be restricted for the first 12 months after loan closing, due to HECM requirements.

Borrowers may access the greater of 60 percent of the principal limit amount or all mandatory obligations, as defined by the HECM requirements, plus an additional 10% during the first 12 months after loan closing. The combined total of mandatory obligations plus 10% cannot exceed the principal limit amount established at loan closing.

For more information about this website, call 928 345-1200 and ask for Warren Strycker. Email: wstrycker@gofinancial.net, This is a HECM informational website and does not solicit or intend to represent any lender or loan officer in providing solutions for retirement products or services. 928 345-1200.