Shave £100,000 off your mortgage by doing... NOTHING!Written by Peter Parsons
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This means you have already saved £59,500 simply by not buying for 3 years. But wait, it gets better! Say you then buy same house as before, but this time at new reduced figure of £59,500. Lets also say you are comfortable with payments at $1,200 or so each month. Guess what. Hard as it is to believe (and you can check this with any calculator or spreadsheet that has an 'amortization' function!), You will pay £1,202.69 each and every month for only 11 years, for an interest charge of only $48,255.08. The final cost of house, which is yours after only 11 years, is only $158,755 and change. Take a moment to think about that. You just saved £200,000 or so, and paid off loan a full 12 years before someone buying an identical house today. Knock off (say) £36,000 in rent while you wait for market to fall, and you STILL save £175,000 or so, for doing ABSOLUTELY NOTHING apart from waiting. Even if 'soft landing' scenario somehow happens (maybe there IS a Santa Claus!!!) you still save £17,000 upfront, and only have to pay £1,200 or so per month for 18.5 years, meaning you only pay back £120,264 in interest, for a grand total of $273,264 - a saving of almost £90,000! So. The choice is yours. Do nothing, and make a sweet £90,000 to £200,000 profit (plus pay off your mortgage between 6 and 14 years early!) or be 'last sucker in box', and pay full amount! Bit of a no-brainer, really, isn't it?!
Peter Parsons writes mortgage articles for www.mortgagedown.com , the place to get advice on how to get your mortgage down to a sensible size
| | Debt Consolidation – How to Protect Your Credit Accounts from TheftWritten by Charles Essmeier
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can be fined by credit card companies for violations. So what can average credit card customer do to make sure that their account information isn’t compromised? Not much, it would appear. The paper transaction has long since been replaced almost universally by electronic one, and anytime a customer uses a credit card, their account information is moved from one computer to another. Hackers continue to develop more sophisticated methods of stealing information, and their techniques are often ahead of processing companies’ ability to develop comparable security measures. For foreseeable future, credit card customers must consider that their accounts are vulnerable.
In time, credit card companies and their associated processors will establish security guidelines that are more effective than ones that are currently in place. In meantime, best thing cardholders can do is to simply minimize their exposure. The best way to do this is to have as few credit card accounts as possible and to use them sparingly. Granted, it is often difficult to avoid using credit cards, but there are times when people simply pull them out of wallet out of habit when using a check or cash would suffice. This may sound inconvenient, but at moment, only way to make certain that your account numbers are safe is to avoid using them when possible.
©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a site devoted to debt consolidation and credit counseling, and HomeEquityHelp.com, a site devoted to information regarding home equity loans.
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