Finish Paying Mortgage Payments Sooner
The dream of every American is to pay off their mortgage sooner. Being a TRUE home owner can seem a far away dream for those who have 15-20-30 years to pay..
There are several ways which can make you lower your payments and even pay less to the bank each month.
There are no tricks or secrets its all straight forward financial education. You need first of all to get your credit reports straight. Once you credit get a better score, you need to follow an exact plan which guides you through.
The basic thing to consider is to manage the cash flow in your accounts so it pays you more than it costs you.
Have your wages paid into your offset
If you get paid $5,000 a month and those funds sit in your offset account for a few extra days per month, you could save a few hundred dollars in interest every year. It doesn’t sound like much, but it all adds up. “This can actually greatly reduce the interest that you pay, as the interest is debited at the end of the month and usually calculated daily,” Projeski adds. See more..
So What Is The Next Step?
If you will do nothing.. don’t expect anything to happen. You must bump your credit score up! It will give you better leverage when facing the lenders, and better negotiation position when applying for any financial need.
Lets not forget you are probably paying $500-$1000 extra per year in higher interest rates, and credit payments.
If your score is below 700, you might want to clean it yourself – get this ‘Credit Repair University’ which will save you money and time.
Yes, you might need to invest a small sum to get a grip of things.. But if you think education is expensive.. try ignorance..
You are probably paying thousands of dollars per year in fees and interests to credit companies which could be going straight to your pocket.
So do your math…