Reading is to the mind what exercise is to the body.
Joseph Addison

How to Save upto $100,000 on Your Mortgage Payments Ebook

How to Save upto on Your Mortgage
Category: Home, Manuals


+$5

Title: How to Save upto $100,000 on Your Mortgage Payments
Author:
Description:

Info Reports From Self Made Millionaire!

Introduction

In our country's economic system of free enterprise it is the right of each and every individual to enjoy life and liberty to the fullest as long as in the process they do not impose on those very same inalienable rights of other individuals. To enjoy our freedoms is a privilege we all share and cherish. Perhaps one of the greatest of these numerous privileges is the right to control and manage our finances for personal gain and profit.

Perhaps the greatest personal investment any individual could make is the purchase of a single-family residence. The ownership of a residence is a dream shared by many and once realized appreciated and cherished as a prized possession. Since the beginning of time humans have taken pride in where they dwelled and created environments within these spaces that they call "home."

The "home" is the investment that benefits its owner(s) with not only a place to live and sleep, but with many financial rewards ranging from appreciation and equity to tax savings and profit. We continually improve our dwellings under the "pride of ownership" such that we have created entire industries that exist under the banner of "home improvement." The industries flourish as we continually improve our homes for our own aesthetic pleasure and hope that it will aid in its appreciation.

Real estate is unique in that unlike other tangibles that we may purchase throughout our life, historically and on the average it appreciates over time above the price that we originally paid for it. Its value is simply upheld by the fact that "They are not making any more land." It is considered indispensable and unreplacable. Hence the term real property, and its distinguishment from personal property, i.e. automobiles.

Understand that it is the raw earth and land that your home sits on that is actually appreciating. Your home, that structure that resides on it, begins decaying the day the final nail is driven and the final coat of paint dries.

Most of us do not have enough "cash" to purchase a home outright like we do a bill of groceries in the store. Like many other major purchases that we may make throughout our lives, we seek financing sources to make our purchase possible. We are the buyer and we are seeking to purchase from a seller. The seller has a price that he is asking and we have a price that we will pay. Many times the price that we will pay is different from the price that the seller is asking. We base the price that we are willing to pay on a variety of different factors and their combinations, respectively.

Once we have agreed on our price with the seller of the home we wish to purchase, a deal or contract for purchase has been agreed on. It is now up to us to pay the seller for the home that we wish to purchase. This is when we "borrow" money from a lender in the form of a residential loan or mortgage. The lender that specializes in these types of loans is most often referred to as a mortgage company or the mortgage division of a bank, credit union or finance company.

When mortgage lending sources loan money for individuals to purchase real property they want a guarantee that the individual will pay the money back, and to make a profit on the money it lends. Generally, the property that the borrower is purchasing serves as collateral, or property that the lender could repossess or take back if the borrower does not make good on the loan. The lender charges interest on the amount borrowed, over what they lent the borrower. This is the lender's profit and only reason for lending money.

Interest charged on any amount, whether it be lent on real or personal property, can be calculated using a variety of methods. Perhaps the method we are most familiar with is simple interest like we receive on our savings and checking accounts. When we deposit money in a bank we are in essence lending the bank money, and since they profit from investing our safekeepings, pay us interest.

All banks borrow money. This is where they get the money to lend us when we need a loan. The strategy for any lending institution is to pay the lowest interest possible when borrowing, and charge the highest interest possible when lending. Borrow low and lend high!

As with any business banks have a variety of different products and services available. They actually refer to their many types of loans as products. When we need to obtain financing for purchase of a home the most common type we seek is a 30-year fixed mortgage. The repayment schedule for a thirty year mortgage is attractive and the payments are as low or lower than rent in many cases. Unfortunately for our pocketbooks, 30-year fixed mortgages are the loans that banks make the most from!

Alternatively, 15-year mortgages can be obtained by borrowers that allow up to a 50% savings in mortgage interest paid on a 30-year mortgage. The problem is that the monthly payments price most owners right out of the reach of their "dream home" and would force them to settle for "much less" house than they could finance at 30 years.

The general rule in real estate is the longer the term the more the cost; the shorter the term the less the cost. This guide will explore ways that could allow you to enjoy the best of both worlds. Imagine retaining the same exact monthly payment that you have now while saving up to 50% interest on your remaining 30-year mortgage payments. Even better and to top it off, what if while you were saving all that interest your principal was eroding up to three times faster and your equity was accelerating by up to 300?

See on. This guide will leave you nothing short of amazed!!! Contents

  • Introduction
  • About the Author
  • A Short History On How Mortgages Work
  • How Much Could You Save
  • Learning The Difference Between A Biweekly Mortgage And Paying A Mortgage Biweekly
  • Setting Up Your Own Biweekly Payment Plan vs. A
  • Contacts
  • Biweekly Service Bureau

 

Add to Cart
Add to Wish List


Price: $3.00
Rating:
Related Books:
101 Tips To Save Money At Home
Author: Dennis Lively, Gene Barry
Category: Business
Price: $4.95
The Homemade Medicine
Author: Charles Silverman
Category: Health
Price: $24.97
Save the Marriage
Author: Dr. Lee H. Baucom, Ph.D.
Category: Family, Relationships, Self Help
Price: $47.00
Designing on a Budget. Decorating Your Home Interior Cheap!
Category: Decorating, Home, How To
Price: $9.99
THE PAY ME PLAN Home Study Course
Category: Finance
Price: $49.95
Build A Container Home
Category: Home, Real Estate
Price: $47.00
Bulletproof Home Defense
Author: Steve Walker
Category: Home, Self Defense, Self Help
Price: $37.00
The Home Safety Guide
Category: Home, Self Help
Price: $27.00


Site owner: Put the rating form on your site!
Listing wrong or need to be updated? Modify it.

Popular:

Top 20
New
Free

Category:


Action (38)
Adventure (101)
Affiliates (40)
Animals (99)
Arts (48)
Auto (31)
Aviation (3)
Beauty (56)
Body (83)
Business (320)
Cats (19)
Child Custody (11)
Children (151)
Christian Books (81)
Classic (166)
Computers (40)
Cooking (182)
Cover design (3)
Crafts (45)
Decorating (19)
Diet (109)
Dogs (75)
E-Business (521)
E-Marketing (408)
Education (118)
Entertainment (93)
Family (72)
Fantasy (53)
Fiction (122)
Finance (83)
Fish and Fishing (37)
Fitness (162)
Food (86)
For Authors (54)
Forex (12)
Gambling (9)
Games (33)
Garden (68)
Golf (29)
Green Products (29)
Health (467)
History (31)
Hobbies (71)
Holidays (37)
Home (123)
Home Business (118)
Horror (23)
Horse (21)
How To (137)
Humor (32)
Illustrated Picture Books (5)
Internet (117)
Investing (39)
Jobs (71)
Law and Legal (13)
Management (15)
Manuals (64)
Marketing (24)
Medicine (57)
Men (43)
Military (7)
Mind (73)
Music (53)
Mystery (43)
Nature (32)
Nonfiction (70)
Novels (32)
Parenting (56)
Philosophy (23)
Photography (21)
Poetry (25)
Programming (30)
Psychology (117)
Real Estate (36)
Relationships (236)
Religion (69)
Remedies (70)
Romance (66)
SEO and Promotion (60)
Science (17)
Science Fiction (27)
Self Defense (35)
Self Help (285)
Spirituality (66)
Sports (73)
Thrillers (40)
Travel (78)
Wedding (21)
Weight Loss (97)
Women (121)
Young Adult (32)

Hide Menu

Related E-Books

This ebook included to packages:
Home Package!
54 Home ebooks Click here to see the full list of these ebooks
(total value $435.10)
Buy Now

just for $29.95
$405
off
Manuals Package!
29 Manuals ebooks Click here to see the full list of these ebooks
(total value $284.20)
Buy Now

just for $29.95
$254
off
Silver Package!
Any 100 ebooks from 2000+ titles Click here to see the full list of these ebooks
Buy Now

just for $29.95
Gold Package!
Get full access to 2000+ ebooks Click here to see the full list of these ebooks
Buy Now

just for $49.95
Want to learn about new ebooks?Subscribe to our Newsletter:
Sign Up


eLibrary Awards:


Date: 3/5/2008
From: World Wide Web Awards™
E-Library has been selected to receive the World Wide Web Awards™ "Gold"Award.

The World Wide Web Gold Award represents web presence at its best.
Mistake found?

Select spelling error with your mouse and press Esc

HomeAdvanced searchTop RatedPopularNewFreeAdd Your EbookModify Your Listing

Authors ListFor AuthorsCover designPrivacy & Terms & CopyrightsResell RightsAffiliatesContact

Copyright © 2002 - 2024 eLibrary