Eliminate Debt and Build Wealth to Gain Financial Freedom
Many people are under the impression that refinancing is always a wise financial strategy, and so they do it somewhat routinely. In fact, it’s been reported that the average American home buyer refinances their home every 5 to 7 years. But as we’ll see here, a mortgage refinance is not always financially beneficial. Why refinance? Refinancing pertains to amortized loans like home mortgages and commercial [...] Read more »
When it comes to either purchasing real estate or mortgage refinancing, everybody shops for the lowest mortgage rates. If you study the amortization table for mortgages and commercial loans you’ll see that if you make every single payment, the amount of interest paid over the life of the loan adds up to a large sum of money. So if lenders advertise a rate of say, [...] Read more »
Considering the ever-growing uncertainty about our economy’s future, it’s not surprising that more people than ever want to accelerate their mortgage payoff to eliminate mortgage debt from their list of liabilities. The idea of mortgage acceleration is not new. In fact, this idea has been around ever since amortized loans came into existence. This not only speeds up the mortgage payoff process, but doing so [...] Read more »
The Rush for Debt Relief It’s not surprising that so many people want to find out how to get out of debt as soon as possible. The economic news headlines aren’t encouraging: a relatively high rate of unemployment, employers down-sizing, rising prices, sky-high national debt, widespread bankruptcy and foreclosure, and so on. Fortunately, debt elimination software exists that can help users pay off their debts [...] Read more »
Imagine if your car’s fuel tank had a hole and was leaking, say, 25 dollars worth of fuel each day,and it was spilling onto the ground and flowing away. What would you do? A. Would you ignore it and live with it? B. Would you go out and try to earn more money to compensate for the loss? C. Would you plug the hole and [...] Read more »