Learn how to Retire Debt Free by Karen Bailey of Karen Bailey

	How To Retire Debt Free Rob came to Karen Bailey to discuss his plans for retirement. He was concerned about his future. He planned to retire in 12 years, but he had 22 years remaining on his home mortgage – plus a second mortgage and $35,000 in personal debt. He knew he needed to do something if he was going to retire on time – and still maintain a good lifestyle. He came to me at Karen Bailey. We put together a plan to help. Here is how we did it: First, we combined his present 1st and 2nd mortgages into one 15 year fixed rate mortgage. His new monthly payment is about the same as both of his old mortgages. We then obtained a 10 year fixed home equity loan to pay off his personal loans. This plan is saving him almost $400 a month! He is adding this money to his home mortgage payment. This additional payment to the principle will enable him to pay off his mortgage in 10 years! He now has a plan. "I was really worried about my situation. But thankfully my Home Loan Specialist took the time to listen to my needs and helped me create a plan to eliminate my debt by the time I retire!"
		Rob now looks forward to retirement, and the time he'll have to spend with his grandchildren. His Home Loan Specialist *listened* to his needs - and helped him come up with a solution that fit his situation.
	For great information on getting your personal finances in order, we recommend Dave Ramsey's Financial Peace University. Dave has helped thousand of people eliminate debt and begin a systemized program for financial well-being. Dave hosts a radio talk show around the country. For station and time information, visit www.financialpeace.com. You can even listen to his show live on the internet.

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