In uncertain economic times, financial security belongs to those who possess genuine ownership and a solid nest egg. Nationally recognized mortgage consultant John Cunningham uses his unique, proven insights to provide a remarkable plan that helps home buyers build real equity. 30 line drawings.
Book Description
Editorial Reviews
From Library Journal
According to its author, an independent mortgage consultant, this work is "more than a book about mortgages or arithmetic techniques. It's an overall philosophy-the Zen of homeownership." Cunningham discusses the equity aspects of a mortgage and explains the strategy of principal acceleration, which eliminates the "lazy debt" portion of a long-term mortgage and enables the homeowner to build a nest egg for retirement. He also analyzes the emotional and economic aspects of homeownership throughout history and in today's society, and he provides "coffee breaks" or exercises in personal financial planning for mortgages. One caveat: there is no bibliography, something the author should consider including in future editions. Recommended for public libraries.
Lucy Heckman, St. John's Univ. Lib., New York
Copyright 1994 Reed Business Information, Inc.
Lucy Heckman, St. John's Univ. Lib., New York
Copyright 1994 Reed Business Information, Inc.
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Most Helpful Customer Reviews
1 of 1 people found the following review helpful:
1.0 out of 5 stars
This book totally misses the obvious!,
By A Customer
This review is from: How to Unscramble Your Nest Egg: A Fresh Approach to Personal Abundance and Building Real Home Ownership (Paperback)
The author accords interest payments due 20 or 30 years in the future the exact same value as cash in hand today. It appears that there is NO time value for money.I don't disagree with the premise that many families are better served by prepaying their mortgages than by spending surplus family cash flow, but the Cunningham's "proof" of that wisdom is such a far fetched reach, that the entire book is not suitable for anyone wanting to understand the most basic concepts of money, finance and investing. It misleads the reader and denies the advantages of saving and investing money. A "proof" of the foolishness of the author's basic premise is this reader's intuitive answer to a hypothetical offer to accept employment from an employer today; but not to receive today's wages until 25 years in the future. No interest, no compounding; just payment of today's wages deferred until middle age.... No thanks.
1 of 1 people found the following review helpful:
5.0 out of 5 stars
A fresh prespective on managing your mortgage.,
By A Customer
This review is from: How to Unscramble Your Nest Egg: A Fresh Approach to Personal Abundance and Building Real Home Ownership (Paperback)
A fresh perspective on managing your mortgage with thoughtful insights into home ownership. I highly recommend this book to anyone trying to make sense of their finances. Paying a mortgage can cost you more than you can afford if you also want to save for retirement. In this book you'll learn how to turn unproductive (lazy) debt into a hard working, asset building tool. You will also learn to free yourself from years of mortgage payments and how the money you would otherwise use for mortgage payments can build your retirement nestegg. READ THIS BOOK!
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