Russ Whitney - Real Estate Mortgage Rules

Russ Whitney is one of famous real estate investor and a good leader in the investment-training field. He is also the bestselling author of Millionaire Real Estate Mentor and The Millionaire Real Estate Mindset.  Now we can see the basic Mortgage rules of Russ Whitney.

Basically mortgage is a loan to buy a property and the process of securing a mortgage means lender approval based on your income, credit rating and other debt.

A debt instrument protected by the collateral of exact real estate property, that the borrower is obliged to pay back with a prearranged set of expenditure.

 Select the Right Interest Rate

 The interest rate at which you choose to pay off your mortgage varies from permanent, whereby the rate will NOT alter for the term of the mortgage, and is usually a bit higher but measured more stable.

 Find a Mortgage Can Afford

 Try to choose the mortgage which you can afford and try to test what you can afford mortgage-wise is that your whole monthly debt load should be less than 40% of your gross monthly income.

Identify Fixed Costs

Before you decide what you can spend on a mortgage it’s very important to take stock of your habits and your true fixed costs. Be honest with yourself when putting together your household budget, then along with your student debt and car payments, consider that a fixed cost.

For More Real Estate News: Russ Whitney Real Estate

Russ Whitney's Business/Spiritual Growth

Russ Whitney being a businessman he led his life with many business achievements that included founding and building one of the largest and fastest growing publicly traded financial education companies all over the world.Whitney's hard work helped him to reach the organization's annual revenue of $250 million which provided jobs and career opportunities for more than 2000 people all over the world and in seven different countries.At its pinnacle, Whitney was been rewarded as the Millionaire of real estate investment as his research and hard work both took him some years to achieve his desired goal.

Being the Millionaire Whitney shares much of his experience through online training,CD's and through his well known bestselling book Inner Voice which helps many people to Unlock Your Purpose and Passion.He shares his personal and professional life stories with some perspective he followed throughout his life that gave him joy,happiness,sorrow,miseries and he certainly led a happy life.

Whitney is a personal,business and strategic advisor to numerous prominent companies and served as a CEO and investment advisor for both nationally and internationally.He had been the board of directors for several private,public and non profit corporations.