Secrets-to-Saving-Thousands-of-Dollars-on-Your-Mortgage

Views:
 
     
 

Presentation Description

How would you like to have an extra $50,000 to live the life you desire? What about an extra $100,000? If you’re buying a home and you think that amount of money wouldn’t possibly make its way into your personal bank account, then think again. When you use the right strategies and be proactive, you can accumulate more cash than you’ve ever dreamed you’d have. Simply by making some alterations in the type of mortgage you have, the percentage points you pay, and the length of the mortgage payback period you select, you’ll be able to save thousands of dollars. Raise Your Credit Score Choosing Your Mortgage Term Making Extra Payments Toward Your Mortgage Quick Tips To Save Real Money On Your Mortgage How Much Can You Bank? Using Online Calculators Be proactive by putting the knowledge you’ve learned from this guide into practice. Take control of your mortgage payments and discover the life that you deserve!

Comments

Presentation Transcript

Secrets To Saving Thousands Of Dollars On Your Mortgage:

Secrets To Saving Thousands Of Dollars O n Your Mortgage

An Interesting Dilemma…:

An Interesting Dilemma… How would you like to have an extra $50,000? What about an extra $100,000? What would you do with all that extra cash?

The Savings Are Yours For The Taking:

The Savings Are Yours For The Taking Your mortgage set-up offers you tangible opportunities to live the life you seek. Simply by making some alterations in: the type of mortgage you have the percentage points you pay and the length of the mortgage payback period you select You’ll be able to save thousands of dollars.

"Money will come when you are doing the right thing." ~ Mike Phillips:

" Money will come when you are doing the right thing." ~ Mike Phillips

First, Raise Your Credit Score:

First, Raise Your Credit Score

Raising Your Credit Score:

Raising Your Credit Score

“If you do what you've always done, you'll get what you've always gotten.” ~ Tony Robbins :

“ If you do what you've always done, you'll get what you've always gotten.” ~ Tony Robbins

Choosing Your Mortgage Term:

Choosing Your Mortgage Term

Choosing Your Mortgage Term:

Choosing Your Mortgage Term

Making Extra Payments Toward Your Mortgage:

Making Extra Payments Toward Your Mortgage “ How am I going to come up with the money to pay an extra mortgage payment?”

Finding Money for Extra Payments:

Finding Money for Extra Payments

PowerPoint Presentation:

Strengthen your financial situation by applying these strategies.

Mortgage Savings – Quick Tips:

Obtain the shortest mortgage term you can afford. Fight tooth and nail to obtain the lowest percentage points possible. Be leery of adjustable rate mortgages (ARMs). Set up bi-weekly payments rather than monthly. (About half a payment every 2 weeks.) Mortgage Savings – Quick Tips

Mortgage Savings – Quick Tips:

Pay at least 1 extra payment annually . Combine 2 mortgage payment strategies to save big. Avoid including closing costs in your mortgage . Apply all extra payments to the principal . Avoid mortgages with early pay-off penalties . Mortgage Savings – Quick Tips

How Much Can You Bank? Illustration #1 $100,000 Mortgage at 4% Interest :

How Much Can You Bank ? Illustration # 1 $ 100,000 Mortgage at 4% Interest

PowerPoint Presentation:

Mortgage Term→ Mortgage Amount-- $100,000 at 4% 10 Year 15 Year 30 Year Monthly Payment $ 1,012.45 $ 739.69 $ 477.42 Total Interest Paid $21,494.17 $33,143.83 $71,869.51 Bi-Weekly Payment $ 506.23 $369.84 $ 238.71 Total Interest Paid $19,212.77 $29,245.21 $60,180.16 Total Interest Savings with Bi-Weekly Payments $ 2,281.40 $ 3,898.62 $11,689.35 Pay-Off Time with Bi-Weekly Payments 9 years 14 years 26 years Total Interest Savings by Making 1 Extra Payment/Yr $ 1,962.29 $3,485.38 $10,879.56

How Much Can You Bank? Illustration #2 $100,000 Mortgage at 6% Interest :

How Much Can You Bank ? Illustration #2 $ 100,000 Mortgage at 6 % Interest

PowerPoint Presentation:

Mortgage Term→ Mortgage Amount-- $100,000 at 6% 10 Year 15 Year 30 Year Monthly Payment $ 1,110.21 $ 843.86 $ 599.55 Total Interest Paid $ 33,224.60 $ 51,894.23 $115,838.19 Bi-Weekly Payment $ 555.10 $ 421.93 $ 299.78 Total Interest Paid $ 29,269.40 $ 44,663.16 $ 90,196.39 Total Interest Savings with Bi-Weekly Payments $ 3,955.20 $ 7,231.07 $ 25,641.80 Pay-Off Time with Bi-Weekly Payments 9 years 14 years 25 years Total Interest Savings by Making 1 Extra Payment/Yr $ 3,406.66 $ 6,480.22 $ 23,967.86

How Much Can You Bank? Illustration #3 $200,000 Mortgage at 4% Interest :

How Much Can You Bank ? Illustration #3 $200,000 Mortgage at 4% Interest

PowerPoint Presentation:

Mortgage Term→ Mortgage Amount-- $200,000 at 4% 10 Year 15 Year 30 Year Monthly Payment $ 2,020.90 $ 1,479.38 $ 954.83 Total Interest Paid $ 42,988.33 $ 66,287.65 $143,739.01 Bi-Weekly Payment $ 1,012.45 $ 739.69 $ 477.42 Total Interest Paid $ 38,425.54 $ 58,490.43 $120,360.32 Total Interest Savings with Bi-Weekly Payments $ 4,562.79 $ 1,797.22 $ 23,378.69 Pay-Off Time with Bi-Weekly Payments 9 years 14 years 26 years Total Interest Savings by Making 1 Extra Payment/Yr $ 3,924.58 $ 6,970.76 $ 21,758.92

How Much Can You Bank? Illustration #4 $200,000 Mortgage at 6% Interest :

How Much Can You Bank ? Illustration #4 $200,000 Mortgage at 6% Interest

If you could save nearly $50,000 by paying one extra payment a year, would you do it? :

If you could save nearly $50,000 by paying one extra payment a year, would you do it?

PowerPoint Presentation:

Mortgage Term→ Mortgage Amount-- $200,000 at 6% 10 Year 15 Year 30 Year Monthly Payment $ 2,220.41 $ 1,687.71 $ 1,199.10 Total Interest Paid $ 66,449.20 $103,788.46 $231,676.38 Bi-Weekly Payment $ 1,110.21 $ 843.86 $ 599.55 Total Interest Paid $ 58,538.80 $ 89,326.32 $180,392.78 Total Interest Savings with Bi-Weekly Payments $ 7,910.40 $ 14,462.14 $ 51,283.60 Pay-Off Time with Bi-Weekly Payments 9 years 14 years 25 years Total Interest Savings by Making 1 Extra Payment/Yr $ 6,813.29 $ 12,960.38 $ 47,935.72

Customize Your Results With Online Calculators:

Customize Your Results With Online Calculators Bankrate.com Bloomberg.com CGI.Money.CNN.com Kiplinger.com Mortgagecalculator.net Realtor.com

Be proactive in managing your mortgage and it will serve you well. A strong financial future awaits you! :

Be proactive in managing your mortgage and it will serve you well. A strong financial future awaits you!

PowerPoint Presentation:

We hope you enjoyed your Special Report ! Curtis Roese is an experienced professional with extensive experience in personal finance and small business matters. Curtis writes and publishes articles, courses, guides and special reports on his personal finance blog . Common Cents Wisdom is a website with hundreds of informative articles, special reports, resources to assist you with all of your financial concerns and a free monthly newsletter . Sign up to receive your free eBook "Common Cents" and get started today on the road to financial freedom !

PowerPoint Presentation:

This Free Course Includes: A Complete 80+ Page, 16-Module Home Study Course in PDF format Companion Worksheets and Cheat Sheets Budget Helpers, Worksheets, and Trackers Bonus Audio Interviews with Financial Experts My Secret Resource List of Helpful Money Sites, Tools, and Calculators Bonus #1: Boosting Your Value Without a Formal Education Bonus #2: Building a Wealth and Prosperity Mindset Bonus #3: 25 Ways To Protect Your Identity Don’t Delay! Get Your Free Course Now!

PowerPoint Presentation:

Sign Up ~ FREE Personal Finance Newsletter “Finally… A High-Quality, Content Rich, No BS Newsletter Written Specifically For Those Interested In Personal Finance” What you can expect to receive EVERY Month by signing up: Special Report – 10 to 20 page in-depth report on Personal Finance topics important to you! Articles to keep you informed on a variety of topics relevant to your financial freedom. Action Guides, Worksheets, Resources & Buyer Guides! Monthly Financial Calendar to keep you organized and current with managing your personal finances. Periodic reviews of Products and Services – Real Financial Solutions ~ Real Fast! http://www.commoncentswisdom.com/newsletter/

authorStream Live Help