The 5 Mortgage Myths

1. The 5 Mortgage Myths What they don’t want you to know!

2. ”Do not worry if you have built your castles in the air. They are where they should be. Now put the foundations under them.” Henry David Thoreau This report explains that what we were all taught in the 1970’s, 1980’s and even 1990’s (even if it did touch on financial education) could not have prepared you for life in the 21st century and beyond. Your home is not an asset, you pension is not enough to retire on and your kids don’t want your old house – they just want you money! Fact: • You will live longer* • Your pension will not be enough to make you self-sufficient** Myth: • You must work hard and clear your mortgage • Your pension is enough*** • Never remortgage • Your home is an asset **** • Young people today need to own where they live and live where they own This report will reveal to five shocking mortgage myths that we all believed. It will give you a better understanding of property investment and how to leverage your family assets to create on going financial security – for generations to come.  The consequences of not taking this seriously …. finding out when you finally collect your long, long awaited pension that it is simply not enough to keep you warm, fed and happy. You will be a burden to your family (if you are lucky to have one that can afford to pay for your care), because let’s face it the government will simply not have the funds to care of the increasing and increasingly large aging population. *http://bit.ly/Ageing-Population **http://bit.ly/PensionWarning ***http://bit.ly/PensionNotEnough ****http://bit.ly/HomeNotAsset

3. Myth One – You must work hard and clear your mortgage When you leave school, you get a job, and you settle down into adult life and get a mortgage. (That's if you can nowadays) You buy a house and then you work until your retirement comes - whenever the government says that will be and is rising, all the time! Of course paying your mortgage back, the whole time! You are therefore a wage slave and a mortgage slave! And worse a money slave to the system that needs you to repay the debt (after paying a lot of interest in the meantime) so they can lend it back out to the next person). BUT this is not the only way and this does not have to be the way for you. This report will explain how you can create more choice, freedom and cash flow in your life using property investing as a tool. “People who are crazy enough to think they can change the world, are the ones who do.” Apple Computers http://youtu.be/suqTwFwO2yc

4. Myth two – When you pay off your mortgage you can retire comfortably (your pension is enough) Even if you do clear your mortgage and many people are striving to do this earlier than the term of the loan - all you are left with is a liability. You are not making any money from it, so in fact you are just left with a lump. A lump that you cannot use to buy you the things you want in life or even the essentials!. You cannot take along a brick to the shops and buy a loaf of bread for instance, or take several bricks out of the house and go and buy yourself a holiday! This property may be mortgage free but it will still cost you your council tax, your utility bills, maintenance upkeep, and repairs. Once you are retired, you will have no income coming in to pay for all that. ”In between goals is a thing called life that has to be lived and enjoyed.” Sid Caesar http://youtu.be/X6kBAkXNSSc

5. Myth Three – you must never remortgage What if we could think differently about property investing? Imagine you are at a time in your life where you are comfortable, you can afford to have holidays, and you have a mortgage with a preferential rate you haven't remortgaged in the past. For this example lets surmise that you a low mortgage against the value of your house, for example your house is currently valued at £400,000, your mortgage is £100,000. • Or you can choose Option Two where you release some of the equity in your property and re invest that money into a property portfolio, giving you regular income now and for the next twenty/thirty years until you retire. The income can be planned do that it will carry on into retirement whenever you choose that to be. • You have two choices -- first is that you can conform to the government's teachings and carry on working, paying off the mortgage until you are 65 or older and then probably have to sell it when you retire, as you can't afford to run it. You can turn your equity into cash that in turn creates a regular monthly cash flow after all costs are covered, you problem now is first when do you want to retire and then what are you going to do with all your money? Where will you holiday first? If you would like to know more and have a more detailed discussion about how Option Two is possible for you and to talk through the numbers, then do please get in touch. “The more I want to get something done, the less I call it work.” Richard Bach http://youtu.be/vQm2jaf4v2Q

6. Myth Four – Your home is not an asset It is not it is just a lump - education is wrong and your house is a liability! We have been explaining how education is wrong and your house is a liability! Perhaps you are worried because when you reach 65, you will still have a mortgage on your primary home, as well as other rental properties? Let's examine the property portfolio first, you will have been following our planned strategy for you that focuses on cashflowing rather than constantly remortgages the properties to release equity. This is what we recommend to all our clients – to allow house price inflation, when it returns, to effectively pay down the debt. The properties will be low-geared, maybe 50% or less of the value of the properties would be covered by the mortgage and the rest is capital value in the house. As a rough estimate properties double in value every ten to twelve years, but let's be conservative about this and say that the properties take twenty years to double in value. ”Remember that happiness is a way of travel, not a destination.” Roy Goodman http://youtu.be/54zFdVHWXiI

7. Myth Four – Your home is not an asset Continued For example if you have 10 properties valued at £100,000 each, they would be worth £200,000 in 20 years. Your mortgages were £70,000 each, so you have a difference of £130,000 in each property. What you could do with ten times £130,000? As you approach retirement, you could sell all the 10 properties giving you £1,300,000K (less costs) as a lump sum to fund your retirement. A more sensible idea may be to sell 5 of the properties, gain £130,000 times 5 and then pay off the mortgages on the remaining five properties, in this case doubling your rental income as there will not be any mortgage costs to now pay for. Leaving you with £250,000 cash to clear your residential mortgage, have a holiday or support your family. So now you are retired, your own 5 properties outright, bringing in a higher monthly rental to continually fund your lifestyle. A fact of the world today is that there are more people in the UK than there are properties to house them, therefore there will always be a rental demand and a demand for housing on a space restricted small island! http://youtu.be/54zFdVHWXiI

8. Myth five – your kids don’t want your house – they just want your money Traditionally one of the myths that we've been told is that we should work all our lives, pay off the mortgage and then leave the un-mortgaged, unburdened property to the children. We would suggest that your property will actually become a burden to the children. They may be forced to sell it to pay inheritance tax, they may fight over it, they may be living elsewhere and have to travel to deal with matters. How about if you could leave the children a cashflowing property portfolio instead? So instead of incurring the sales costs and selling the property at perhaps a low value rate and having to move/buy to another property and spending the profits on the costs to purchase property at a much higher cost than they are now. How about considering keeping the property or properties and then put tenants into them to provide a recurring rental income for yourselves. We speak in more depth in other reports and videos about specific investment strategies and if you would like to know more - please do get in touch. ”You must be the change you want to see in the world.”  M K Gandhi http://youtu.be/7fLp-gwRgrY

9. A fact – your children can’t afford to get on the housing ladder And we already know they don’t your house - they want to be free. Their lives will be immeasurably different from ours. What of your grandchildren? Investing in property now could create a cashflowing property portfolio that would provide additional family income now, and on going income while you are retired. If properly planned (and we can help) then this portfolio can become a family legacy for generations to come. Enabling your children to feel secure in the place they choose to live knowing that the rental costs are met by the income generated by your tenants. “The trouble with not having a goal is that you can spend your life running up and down the field and never score.” Bill Copeland

10. The Property Sourcers At The Property Sourcers we offer clients the opportunity to examine property investment as a mechanism to increase their personal income, through our five step strategic conversation. The result of this 2 hour meeting is our clients leave with a clear understanding of their options, a clear property investment plan. 75% of our client’s do not have the time to implement their personal investment plan themselves so we act as project managers. We find, fix and fill a cash flowing property portfolio resulting in additional family income and a feeling of financial security. To find out how we can personally help you please call or send us an email to arrange a free, in confidence conversation. • “Thank you so much for our Strategy Session last night – your no nonsense approach and willingness to share your knowledge has helped us enormously – I couldn’t sleep last night for ideas how to take our property business forward.” HA • “I can’t believe that I can retire so much early simply by using the equity in my home! In 18 months I could be on a tropical beach – carefree – thank you so much when do we start?” JN • “I just wanted to let you know that we are very happy with the new properties that you arranged for us. They already have tenants and just weeks later we have our first regular rent payments. This extra money will make all the difference to our quality of life now that I have been made redundant – thank you so much” LS 07795 49 2001

11. Vicki Wusche and Loran Northey Vicki starting buying her own investment property portfolio in 2008 and by 2010 she had enough rental income that she does not have to work anymore – she can choose how she wants to spend her time. Vicki enjoys helping people discover how property can help them and through personal strategy sessions Vicki helps people think differently about money and their home. And that is why Vicki wrote two books entitled Using Other People’s Money; how to invest in property and Make More Money From Property; from investor thinking to a business mindset Loran is a successful entrepreneur with her own training and development company, including a Harley Street practice, since 2005. Loran and Vicki first met in 2007 and when Loran started to see the benefits of investing in property, she asked Vicki to help her. In 2010 Vicki helped Loran and her family recognise the financial resources they could access to start investing in property. Now Loran is financially secure and spends her time helping The Property Sourcers’ clients to become financially more aware and more secure, something we all want in these turbulent times. www.twitter.com/VickiWusche www.twitter.com/LoranNorthey 07795 49 2001

12. Summary page Myth: • You must work hard and clear your mortgage • Your pension is enough*** • Never remortgage • Your home is an asset **** • Young people today need to own where they live and live where they own Fact: • You will live longer* • Your pension will not be enough to make you self-sufficient** Myth busting • You must worker smarter and make your money work hard • Your pension is not enough – but you can work with us to create your own Personal Investment Plan for the retirement you want. • Remortgaging makes sense, when you don’t have to pay the bills, make your tenants pay for your retirement! • Your house is a liability unless someone else is paying the bills • Leave your children the type of legacy they want – the benefits not the burden • Live a long and happy retirement on your terms

13. Financial Disclaimer The Property Sourcers, Vicki Wusche and Loran Northey are NOT a Financial Advisors, and do not give financial advice. Their role is to use their experience, knowledge and contacts to help you examine property as an investment opportunity. You remain responsible for any decisions you make. You must carry out your own due diligence. All decisions you make are yours and yours alone. The Property Sourcers; Vicki and Loran, accept no responsibility for any decisions you take, purchases you make or conclusions you reach. They are happy to refer you to any one of their team of professionals and financial experts - please ask.