SAVING AROUND THE HOME It all makes cents!

How To Escape The Debt Rat-Race And Get Debt-Free Fast   BY VAUGHAN HOLDINGS AND B&K PUBLISHING You’ve taken the first step toward truly becoming debt free! This report is a compilation of years of experience, written by one of the founders of the North Carolina Mortgage Brokerage Association. It has been receiving overwhelming responses from people just like yourselves who want to lower their monthly payments or interest rates, as well as the amount of total money they pay back long term. I encourage you to read all of this article, especially those lives that were changed after receiving this report. I am sure you can identify with at least one of them! It’s called “financial prison” because even though we do live in the greatest country in the world, even people with good incomes, who are buying their own homes, wind up in “financial prison” instead of “financial freedom” - mostly because of what bankers and credit card companies never tell them - and hope they never stop to think about it. Just for example, the true interest rate on most home mortgages is about 200% - no, that’s not a misprint; I said 200%, because if you have a 30 year mortgage, you’ll pay for the home about three times…on a $150,000 mortgage, you’ll end up paying about $450,000 in interest! That’s why ANYTHING you can do to cut the interest rate and/or pay it off faster MUST be taken advantage of. For example, the kind of credit card debt most people take for granted can eat away your entire financial future like a horrible cancer. For example, if you buy $2,000 worth of furniture with a typical credit card and make the minimum monthly payment, you’ll wind up paying about $10,000 for the furniture, 5X’x what it’s worth. Do you think you can get ahead financially paying 5X’s what things are worth? That’s why ANYTHING you can do to wipe out credit card debt MUST be considered!   How Your Credit Cards Interest Is Calculated   Example: You have a credit card with $1,900 Balance, 2% minimum monthly payment and a 21% APR. Calculate Your Minimum Payment: You take your balance and multiply it by your minimum monthly payment percent. ($1,900 x .02 = $ 38.00). Your minimum payment per month is $38.00. Calculate Your Monthly Percentage Rate: You take your APR (Annual Percentage Rate) and divide it by 12. You do this because the APR is your annual or yearly rate and you divide it by 12 (the number of months per year) to give you the MPR (Monthly Percentage Rate). (21% / 12 = .0175) Your monthly percentage rate is .0175.   Calculate Your Monthly Interest Payment: You take your balance and multiply it by your MPR. ($1,900 x .0175 = $33.25) Your interest due is $33.25.   Putting it all together: You make a payment of $38.00 They charge you interest $33.25 Amount applied to your balance $ 4.75   Out of $38.00 payment, $4.75 is applied to the balance so your original $1,900 balance is now $1,895.25. At this rate, it will take you 23 years and 7 months to pay off your credit cards!   So, who is this Report for? This Report is for homeowners with a good income, who pay their bills, but who would sincerely like to be debt free and financially secure while still young enough to enjoy it, maybe even become wealthy. Whether you’ve had some credit problems and have a blemished credit report or whether it is clean a whistle, whether you’re struggling now and need help or are doing okay, but when you really analyze things, you are using too much of your money just servicing debt. This Report will show you how you can turn your entire financial situation inside out for the better.   There are a number of ways and programs that can help you become debt free in as little as 5 years, by restructuring they way you pay your bills and by using your home’s value as the means of accomplishing some or even all of these things: Refinance Your Home and Consolidate All your Other Debt and Save You Money. and/or Refinance Your Home and Reduce Your Monthly Payment AND Interest Rate, So You Have More Cash Every Month. and/or Refinance and Get Your Mortgage Paid Off Years Faster and Save You a Ton of Interest. Consolidate All Your Other Debt, Pay Off Your High Interest Credit Cards, Reducing Your Total Monthly Bills - Even Give You a Month With No Bills to pay   And if you have a credit card debt you are not paying off in full every month, Think about this: Your not only paying so much interest, you’re actually paying about 5 times what you bought is worth, none of that interest is tax-deductible. If you wipe away your credit card debt with a home mortgage refinancing, You switch the interest you must pay to being tax-deductible. * This is like getting a 20% to 35% discount on the interest. *Consult your tax expert.   This difference can set you free.   Imagine never shuffling through “the bill drawer” again, deciding who gets paid today and who doesn’t. How about not writing out a dozen checks each month: financial simplification! And, imagine: having hundreds of free up, extra dollars each month to invest, to get wealthy, so you can stop working if you like, retire early if you like, maybe start a business. (Did you profit from the recent stock market boom? Do you have money-making money for you in mutual funds? Are you investing 15% of your income? If not, why not? - Because you’re spending too much of your income just paying bills!!! It is up to you to change this for the better or just continue living the way that you are. The choice is yours.   Maybe the idea of refinancing your home bothers you…   It is probably too complicated, too much paperwork, time consuming, you hate dealing with bankers; you think there’s not enough equity. All of these things can be resolved if you are really serious about taking back your financial freedom. It can be made simple and painless. Take this for example:   “We were paying 18% on our mortgage with Beneficial, we had a bunch of high interest credit cards, and even though we both work and make good money, there never seemed to be anything left at the end of the month. Following the plan that was presented to us by our mortgage broker, and using the new mortgage that they chose to match our needs, the interest rate on our home was cut in half, all of our other debts were paid off during the refinancing - even the car loan, and our total monthly payments to bills were reduced by $318. This gives us almost $4,000 a year in cash we didn’t have to invest. We also gained new tax advantages. We even got $7,621 in cash when we refinanced. Thanks to this program that our broker put together for us, we’re in a much better financial situation than before. Why wouldn’t other people do this?”   As you can see, there’s a lot that can be accomplished through smart home mortgage refinancing. Of course, your banker or present mortgage holder is not going to break his neck telling you about any of this - chances are you are over paying and he knows it. What you really have to look for are those brokers that are “independent” that can find a program that is customed tailored to you, because more than likely they are able to choose from literally hundreds of different mortgages on your behalf rather than force-fitting you into one of a few. This service can put thousands and thousands of dollars back in your pocket, just as in the example that was given. next page > _______________________________________

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