strategies

4 Tips to Make Mortgage Debt Reduction Easy

Your home mortgage is often the most significant debt most people have. To buy a home, taking out a mortgage is necessary, but have you thought about a mortgage debt reduction plan to pay it off quickly?

Mortgage debt reduction needs to be a long-term goal, but it doesn’t need to be difficult. In fact, there are several simple ways to reduce your mortgage quickly and cut down the loan term dramatically. You have the option of using one or a combination of any of the tips mentioned below as part of your mortgage debt reduction strategy.

Payment Frequency

When a bank calculates your mortgage repayments, they use a calculation known as ‘amortization.’ This allows them to work out how much you need to pay each month so that a portion of your payment goes towards paying down your balance and the other part of your debt is interest charged on your balance owing. They tell you how much you need to pay in monthly installments to pay off your loan over the exact loan term written on your mortgage contract.

However, if you’re paid bi-weekly or even weekly, you can adjust your repayments to the same frequency for which you get paid. This not only makes budgeting much more comfortable to pay a smaller portion each pay period, but it can also cut years off your loan term and save you thousands in interest.

Call your lender and ask them if you can adjust your payment frequency to bi-weekly but be sure you work out your own calculation amounts before you call.

Bi-Weekly Calculations

Find out exactly how much your minimum monthly payment will be and then divide it by two if you’re paid bi-weekly. If you’re paid weekly, then divide your monthly payment by four. Don’t use any fancy calculations or try to figure out how many weeks in a year and then divide by how many days. This won’t work. Simply divide your minimum monthly repayment by two for bi-weekly or divide by four if you’re paid weekly. Write this figure down. It’s your new minimum repayment. You’ll pay this new amount every time you’re paid.

More than Minimum

Once you have your new bi-weekly minimum repayment worked out, round this figure up to the nearest $5. For example, if your payment comes to $423.24, then round this up to $425. This small amount won’t break your budget, and you’ll find it easier to remember how much you need to pay.

Rounding up your repayments seems like such a small amount of money, yet it can save you tens of thousands of dollars in interest and reduce your loan term dramatically.

Lump Sum Reductions

Lenders calculate your interest repayments based on the balance you owe at the end of every day. Then they add up how much interest has accumulated and shown you a straightforward figure at the end of the month. By making more regular payments, such as weekly or bi-weekly payments, and then rounding up those amounts, you’re reducing the amount you owe on a more regular basis. This reduces the amount of interest the bank can charge you.

If you receive a pay raise or a tax refund or a bonus or if you earn some extra cash from a yard sale, pay it as a lump sum payment off your mortgage. This reduces your outstanding balance and lowers the amount of interest you’ll be charged. Mortgage debt reduction really is as simple as finding a plan and sticking to it.

We hope this information was beneficial. You can have anything you want if you are enthusiastic about putting in the time, effort and plans to get to your goals. Discover the secrets why the rich stay rich and the poor stay poor. Click Here to view a video with more life tips!

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Why Must You Keep Up to Date about Best Trading Systems?

If you think that you already know everything about the foreign exchange market and you can go on successfully without any help, you must think again. It is not every day that you will be able to make the right decisions. You cannot predict the road that you must follow as you go along with your venture. You can have a successful streak for a time, but eventually, you will lose the magic and you will feel lost in this world where you thought that you are already the master.

Such a point will eventually come for traders who don’t want to accept that technology can help them become better. There are some people who rely on their own guts in this matter. There is nothing wrong with that if you are performing well, and you are succeeding with all your goals when it comes to your trading patterns. But once you feel like nothing is going the way you planned them to be, this is the best time to rely on to something that can help you get back on track.

People versus the Machines

If you are still not convinced about the benefits that you can gain from using the best trading system, you must not drop the idea altogether. Why don’t you try it first and see what it can do and how it will be able to change your strategies and fate before you judge the system? There are other traders who would only listen to other people when it comes to their decisions on their trading life. They get mentors and advisers to help them at points when they are finding it hard to place their bets on the foreign exchange market. These people study the market to provide you with what you need to know. They investigate all aspects that you must be concerned about when you are making your decisions.

You may have the right people and the best in the field. But you cannot expect them to perform at the top of their game all the time. This may be their job, that is why they do everything in order to know the things that can help their clients. But they also have other things to attend to. They have lives outside their work. For this reason alone, they are not capable of looking into the market and all its moves all the time.

Therefore, certain products that aim to help you with your trading schemes are created. There are systems which were developed to investigate the movement of the markets all the time. These can be compared to robots that will not stop delivering what you expect from them if you are still using their services.

You will greatly rely on the data that this type of system will be able to provide you with. For this reason, you need to acquire only the best. You should not get tired in looking out for the better product when it comes to the tools that can help you advance with your investment strategies. You don’t want to be outdone by your competitors just because you were too lax about the matter.

You must keep yourself updated with the latest trading systems to know which one the best is. This way, you will be able to invest on a good kind and the one that can lead you to greener pastures on the trading arena.

In closing, we invite you to share your comments on this and or other posts. If you find the information useful, please Like & Share us and subscribe to this site for an update as we reveal new strategies. Remember to keep an open mind and Shift 4 Freedom.

Credit Card Fees – Lead to Staggering Amounts of Debt

Money is tight for a lot of people, and most of us are forced to live paycheck to paycheck. We also tend to rely on things like credit cards to get us by. This has led to staggering amounts of debt for thousands of people. Credit card debt is one of the primary forms of debt in America because of this. So, if you are one of the people in debt, you know how stressful it can be and how much you wish you could claw your way out.

Dealing with all the Credit Card Fees, the endless phone calls from your creditors, the stress of knowing that most of your money is going to just pay off these things, all the while forcing you to continue to use them. It is a vicious cycle that can be exceptionally difficult to break.

But while it is difficult to break, it is by no means impossible. In fact, there are some simple tips you can use to slowly pull yourself out of the hole of credit card debt.

The first step in getting out of debt is to create a budget. Look at how much money you get every month, then look at how much money you spend every month. If you sit down and look at your expenses, I am sure you will notice a lot of frivolous things that you can cut out to help yourself with those Credit Card Fees. Something as simple as getting a coffee in the morning can really add up.

If you can cut down these unnecessary expenses, you can then take that extra money and apply it to your debt. It may be tempting to throw it at your largest debt first, but this is the wrong move. We need our little victories, and it is also a snowball effect. So, if you have multiple credit cards and are in debt with each, look at the one with the least amount of debt.

If you take that money you are saving and put it all towards paying off the lowest credit card, you can make some serious progress and pay it off quite quickly. This will give you that victory you need, it will boost your morale as you can see you really can claw your way out.

But that is only the beginning. From there you will want to apply, not only the money you had been saving by cutting back on unnecessary expense but also the money you are saving by not having to make payments on that credit card. Now you will have a lot more money every month that you can apply to the next lowest debt.

It is a rinse and repeat process from here on out. You just take the money you save by paying off a card and apply it to the next highest one. It will take a long time to knock out those Credit Card Fees if you are deep in debt, and you may need to do some extra work to get there. But by utilizing this method you can make some serious headway in your fight against your debt.

Discover the secrets why the rich stay rich and the poor stay poor. Click Here to view a video with more life tips! In closing, I invite you to share your commits on this and all the posts. Like us on Facebook and Google Plus. Remember to keep an open mind and Shift 4 Freedom.

Amazing Technology and Your Online Marketing Strategy

If your online marketing strategy isn’t working, then you might need to introduce some technology to your website. If your current marketing promotions are going well, then you might be able to improve them even more with some added technology. Fancy bells and whistles on a website just for fun aren’t the type of technology that will help you increase sales and grow your business. But technology designed to do some very specific things can make quite a difference.

If you sell products, there are some website enhancements you’ll want to consider in your online marketing strategy. Of course, you must have clear pictures of your products, with more than one picture per product, ideally. You’ll want the customer to be able to click the picture and enlarge it to see the product even more clearly. There’s no real technology involved with that. But to give the customer the closest experience possible to actually being able to pick up and examine the product, look into the software that allows you to show 3D images on your website. The customer can click on the image or on a slider bar and drag to turn the image completely around so they can get a better feel for the object. This online marketing strategy is becoming more popular as companies realize how effective it is.

You could also look into the software that allows a customer to hold the mouse pointer over an image and zoom into it. This usually also allows the customer to move the mouse and see various parts of the object incredibly up close. Remember in your online marketing strategy that everything you do to bring the customer closer to the item they want to purchase will increase the likelihood of a sale. You’ll also want to ensure that your shopping cart and checkout system is as absolutely simple and easy as you can make it. Any slight hang-up, delay or problem is just one more reason for the customer not to buy from you.

If you don’t sell products but services or information instead, don’t discount the addition of pictures to your website. Screen shots are particularly helpful when selling software, for instance. While adding pictures doesn’t require much technology, you’ll want to give your website more appeal by adding sound and video. When you’re selling a service, for instance, a video of someone explaining the service in a friendly, casual tone can go a long way toward giving a customer a positive impression. Even audio clips the customer can listen to that break down concepts into simple steps can be an important part of your online marketing strategy.

Video that shows screenshots and still shots as well as a person speaking or demonstrating something can be particularly effective. Get the software necessary to make these recording. Don’t forget how annoying it can be to have something suddenly start playing, though, so give the customer the option. Then add them to your website as part of your technology online marketing strategy.