Scottsdale, AZ (PRWEB) August 22, 2007
Equity4Profit.com is currently providing simple steps homeowners can take to immediately create a large, long term emergency fund to ride out the storm of market turmoil, as financial emergencies are on the rise for many homeowners. Emergencies like mortgage payments for a home that is not selling or higher monthly payments due to increased interest rates.
Homeowners visiting the website can watch a video showing them how to use a portion of their home equity to create a safe, interest earning, emergency fund. With a credit crunch just starting and home values declining, it is getting http://equity4profit.com harder to access cash from real estate to handle legitimate financial emergencies that arise. For these reasons it is important for homeowners to take action now. Equity4Profit.com recommends three steps to increase liquidity before financial problems occur or get worse:
Step One: Use a fixed interest only mortgage to do a cash-out refinance. By switching from a traditional 15-year or 30-year fixed mortgage to a fixed interest only mortgage, cash can be removed while the payments stay the same. Once the funds are removed they are transferred to a safe interest earning side account.
Step Two: Use Equity Index Products to grow the side account. These products provide the upside potential of the stock market without risk of loss. The funds grow tax free and in many cases can be accessed tax free. Set up properly, the accounts remain liquid and may be accessed when needed without having to worry about market timing.
Step Three: Work with an expert who understands these strategies and products. Funds removed from real estate should be kept safe, liquid and guaranteed against loss. Most financial planners and brokers are not familiar with these strategies or how to properly structure the side accounts. Look for an expert advisor that understands how to educate homeowners on asset repositioning.
Following these steps will allow homeowners to increase liquidity and be prepared for financial emergencies that arise from the sub-prime mortgage fallout, tightening credit restrictions and housing market slowdown. For additional information visit Equity4Profit.com or contact Denver Nowicz.
Equity4Profit.com is a home equity management company specializing in equity repositioning and retirement account setup for homeowners. The company was founded by Denver Nowicz, an independent broker providing financial services to clients for over 10 years.
Denver Nowicz - Owner