What Will You Do When Interest Rates Increase?

What Will You Do When Interest Rates Increase?

Interest rates have been low now for about 7 years and many have enjoyed borrowing large amounts of money.

It’s been a great ride, hasn’t it?

You could take out a large mortgage of over $200,000, and sometimes more,  and pay a small amount of interest, plus enjoy a beautiful home.

You could borrow to buy a new car, truck or SUV and enjoy  the ride.

Unfortunately, all parties like that must come to an end sooner or later.

Now, many people are starting to sweat when they hear that the Feds and banks may start to increase their interest rates soon.

If you were around in the early 80’s, as this writer was, interest rates hit a high of about 18%.

When that happened, people with big mortgages just walked away from their homes because they simply couldn’t pay the mortgages due to high interest rates.

Can you see that happening again?

It’s possible.

Add to that,  the personal debt load of most people has been increasing because they were offered low interest rates and took it.

It looks as if we’re headed into a Perfect Storm, doesn’t it?

But there is one way to avoid getting caught in a big squeeze financially.

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From: Raven Jackson, Arizona Occupation: Unemployed (and loving it) Date: Wednesday 9:48am I want to give you my telephone number right now. It is 480-788-WAHM (wahm = work at home mom) and I live in Arizona. If you are like me you have looked at ways to make...


Find Out How To Make Your Living Online... Convert Your Experience and Knowledge Into Dollars... Do It Once and Get Paid Over and Over Again... "In this book, Fawcett shows you exactly how to set yourself up on the Internet to earn steady streams of recurring income from multiple sources...


All this is possible, and it’s easier than you think, especially if you have guidance from someone who has gone through the process of starting a successful home-based travel business already. Sue Bradley sold more than a million dollars in cruises in her FIRST year as a home...


 

 

 

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Right now, the only con I  can see is the exchange rate for Canadians on CB Passive Income program. The exchange rate is about 35%, so you’d have to add that on to any of Patric’s programs.

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