- Home
- Tools
these downloads can be useful when planning your home construction needs
- Steps
find these steps neatly organized to address key home construction issues
- spec planning
download these "spec planning" tools
to help plan and budget your specs- Contractors
download the "contractor selection form"
to help evaluate best contractor- Financing
steps on getting the best rate include, 1) having good credit; 2) maintaining better than average debt ratios; and 3) requesting LTV loan amounts with an acceptable range.
view "Negotiate Best Rates"
for further illustration- Ideas
- BLOG
- spec planning
Bank Equity Introduction
| How Best to Manage Your Money use the equity in your home to become a BANK to pay for
Instead of using your checking account to receive and pay out funds, you will use your home equity line of credit account for all income deposits and expense pay outs. View the illustrations below: |
| 1st: Use the equity in your home to pay for needed expenses
Use your equity line to pay for:
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| 2nd: Deposit all of your income into your banker home equity line of credit account
You will take all of your income sources and deposit them into your equity line account instead of your checking account. Deposit:
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| 3rd: Now use your banker home equity account to pay family expenses
Use your banker home equity account to pay for everyday budgeted and planned expenses such as:
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| Benefit: Your discretionary income pay offs your home improvement costs FAST!
Your discretionary income (the income amount minus your expenses) remains into your banker home equity line account to lower the bank equity debt balance. Over time, you will be able to pay off your financing debts in half the time by budgeting and managing your banker home equity line. |
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