Author: Anonymous
Source: free-articles
Attention homeowners
Have you been accepting bearding offers in your email box that acquire been alms "low" allotment rates? They assume to admission hand-in-hand with those emails from 'Nigerian Coffer Officials' who wish to allotment billions of dollars with us (for a fee).
Example 1:
"REFINANCE NOW, EVEN WITH BAD CREDIT!!!
"*Best Refinance Bulk for acclaim challenged.
*Best Customer Service
*Lowest Absorption Ante in Years
*SAVE $100-400 per month
"OUR EASY APPLICATION ONLY TAKES 2 MINUTES.
"click actuality for added information
http://??.???.???.??/unknown.html?leadsource=spammer-service"
Example 2:
"Hi !
"FUNNY MORTGAGE NETWORK (FMN)
GET A FREE MORTGAGE QUOTE FOR ANY STATE!
We specialize in acknowledging BAD CREDIT!
"Bad Credit, No Credit, We can refinance your home or consolidate your debt at the BEST RATES in the industry, GUARANTEED!
"Just bang on this hotlink and ample out our abbreviate form. No Jokes! No Hassles!
Just ample out this abbreviate 30 added form
We acquire the affliction credit!!"
Example 3:
"MORTGAGE RATES ARE STILL DOWN!
Currently as low as 3.75% for 30 Year Fixed term
"Refinancing,
Debt Consolidation
New Purchases,
Commercial Loans
"Click Actuality to Apply Online
"Now You're In Charge, Let Lenders Compete For Your Business,
Quickly and Calmly Acquisition abounding altered Lenders' Offerings
at the ABSOLUTE LOWEST Ante and best Terms for ANY Situation!
"3.75% For 30 Year Fixed Appellation Mortgage
"Click Actuality to Apply Online
"Home Improvement
Refinancing * Added Mortgage
New Purchase * Appropriate Loans"
Even if one of those emails is accepted actuality are the facts your mortgage lender doesn't wish you to know:
*After paying 15 years on your 30 year mortgage. Homeowners will still owe 90% of the bulk they borrowed.
*After paying about 24 years, homeowners will still owe over 50%.
*Homeowners will pay over three times the bulk they originally adopted afore paying off their mortgage.
*To accomplish affairs worse, the F.D.I.C. estimates that 1 out of every 2 mortgages are blurred overcharging homeowners $8 - $10 BILLION anniversary and every year.
*On a accepted 30 year mortgage, the boilerplate homeowner will accomplish over 120 accidental payments.
In this dissertation, I would like to appearance homeowners how to break these problems in fact free.
By alteration their accustomed annual transaction agenda to a anniversary transaction agenda homeowners can:
>Save bags of dollars on their mortgages afterwards accretion their payment.
>Shorten their 30 year mortgage by seven to 15 years afterwards refinancing.
>Build disinterestedness in their home 300% faster.
>Turn their accepted mortgage into an investment program.
>Increase their net annual dramatically.
>Track their accession and assay their loans to acquisition lender mistakes which action about 50% of the time according to the F.D.I.C.
The afterward are quotes from periodicals which apostle the use of a anniversary agenda in paying a home mortgage:
Wall Street Journal - "A $70,000 mortgage at 10.5% anniversary absorption produces accession of $60,000 if repaid on a bi-weekly schedule."
The New York Times - "Biweekly Mortgage: A Way to Build Equity. A anniversary mortgage is best... for anyone who wants faster disinterestedness buildup. The abstraction of anniversary mortgages is 'simplicity itself...' The result: a bargain term, abundant accession in absorption and an dispatch of equity."
Parent - "The simple actuality is that a anniversary mortgage agenda not alone saves the homeowner a bundle, but makes him or her a homeowner abundant sooner
National board of Accession Institutions - "Bi-weekly payments are 'pro-consumer' because they accord to America's paydays authoritative mortgage payments abundant easier for homeowners who are on a bound annual or acquire a difficult time extenuative money."
Washington Post - "It Pays to Analysis Loans for Overcharges: Of 9,000 adjustable bulk mortgages checked, errors were begin in about half. Boilerplate acquittance owed to the homeowner: $1,588."
A reasonable catechism to ask is how does a homeowner about-face to a anniversary transaction agenda with:
no refinancing
no acclaim reports
no home appraisal
no closing costs
no change of lender
and no change to their accepted mortgage acceding at all?
Your aboriginal footfall is to get your calmly on a able mortgage calculator that will accomplish a alone mortgage accession assay based on your accepted mortgage data. Back you are apparently on a computer already while annual this you should acknowledge that you can acquire the software to activity your accession appropriate now in the aloofness of your own home. http://united-states-mortgages.web-freebies.com provides the simplest admission accessible to a mortgage calculator which compares your accepted annual payments to a anniversary agenda - afterwards blame any lenders. (It's in a 913 kilobyte, chargeless to download, executable file.)
Personally, I apostle abandon of best if allotment annihilation - that includes software on the web. If I performed my own seek for a mortgage calculator I was aswell searching for an all encompassing annual that would aswell accommodate a anniversary mortgage administration annual with the greatest bulk of freedom; that is it should be so different that it provides all of the allowances which I mentioned aloft for chargeless and at no obligation to homeowners to abide with the service. For me, a free, no obligation annual which saves bags of dollars is the accurate acceptation of freedom; it promotes the American Way of Life. Free-Mortgage-Calculator.US offers a accurate archetype of abandon as the American Way, so it is listed at The Chargeless Site (http://thefreesite.com/Family_Freebies/Misc_family_freebies/index.html).
The Mortgage Managerโ„ข at is a accession assay calculator which generates a personalized, six page report; it compares a accustomed annual mortgage transaction to a anniversary agenda for any accurate homeowner. Anyone can download this affairs at http://united-states-mortgages.web-freebies.com ; it is simple to use and understand, so even a adolescent could do it. The mortgage administration annual which it offers is optional, yet accessible alone to homeowners in the United States and applies alone to absolute acreage endemic in the United States mainland. As a United States Aborigine and a homeowner you are advantaged to partake of this different service. Of course, in adjustment to apostle accurate abandon this annual acquire to abide an option, but, first, let us accede the facts.
Homeowners could go to addition, income tax bracket, anniversary mortgage administration annual which adeptness accommodate absolutely the aforementioned service, but they will bound ascertain that added administration companies allegation a fee any area amid $395 to $1000. Although added anniversary casework aswell advice save bags of dollars on mortgage payments, how abounding homeowners can yield this unnecessary, up-front draft to their abridged books - abnormally during this difficult economy?
Could homeowners do a anniversary transaction agenda by themselves? Almost. A homeowner can pay off his mortgage aboriginal and save money by accretion his annual transaction and authoritative added assumption payments, but animal attributes is adjoin us. Statistics appearance 97% of humans who try to do this abort to do it consistently and never save any abundant money. Those aren`t acceptable allowance to action with on what will a lot of acceptable be the better investment in a homeowner's life. Plus, if we alpha authoritative these added annual payments, that`s area a lot of the mistakes adumbrated by the F.D.I.C. occur. The 3% of America who acquire the cocky discipline, and resources, to accomplish added annual payments acquire a 50/50 adventitious of accident a lot of their accession due to errors in accommodation amortization, absorption compounding, base and allowance calculations, etc. That's what those lenders in the examples aloft are searching for; "3.75% over 30 years" seems miniscule now, but every little aberration adds up in THE LENDERS favor over the continued run.
That is area this different mortgage administration annual in the United States can help. This chargeless annual includes AUDITING your mortgage to clue your accession and bolt accessible lender mistakes. To acquire an alfresco aggregation assay your mortgage can bulk $100 to $150 per year and is analytical back the F.D.I.C. estimates errors action in about every added mortgage with the boilerplate aberration costing the homeowner over $1,500.00. Next are two excepts from online writing that accent the calmness of this fact:
ATTORNEY GENERAL OF NEW YORK - Afterwards acclimation the nation`s better mortgage lender to acquittance $150 Million dollars in over-charges; "We dug added and added and begin that this arrangement of overcharging is around universal. It runs beyond the absolute mortgage lending industry..."
THE HERALD, "Lender holds assumption payments - About four months ago, my wife and I absitively to alpha authoritative added payments on our mortgage. We were abashed if we accomplished the lender captivated these checks added than 60 canicule afore applying them to our loan..."
The next analytic questions should be: Exactly, who has this different annual accessible alone to United States Citizens? Can they be trusted? This biweekly, no cost, no obligation mortgage administration annual is provided by Advice Brokerage systems (IBS) out of Lenexa, Kansas. Advice Brokerage Systems has been in business accouterment anniversary mortgage annual back 1989. In 1995, they developed the The Mortgage Managerโ„ข software affairs authoritative it accessible to accommodate the anniversary annual at no bulk to the homeowner. Their Lenexa business authorization bulk is 10011767. Their Dun & Bradstreet bulk is 79-922-3433. They are aswell associates of several business organizations in Kansas including the Shawnee Chamber of Commerce. All of this advice can be absolute as against to the dark emails advancing from all those "mortgage lenders."
The Mortgage Administration Division of I.B.S. is headed by Executive Vice President Michael Edgecomb who has accustomed civic ceremoniousness for his plan with homeowners just like yourself. These ceremoniousness cover accepting featured in โ€œWho`s Who Among Outstanding Americansโ€, โ€œInternational Leaders In Achievementโ€ and the 1996 copy of โ€œ500 Leaders Of Influenceโ€ which is on abiding affectation at the U.S. Library of Congress in Washington, D.C.
The International Biographical Institute has awarded him โ€œMan Of the Yearโ€ for 1995 - 96 for his development and assembly of this software - the Mortgage Managerโ„ข (worth $395). This software affairs has helped bags of homeowners save $50,000 to $150,000 and more, annihilate years of mortgage payments, and abstain cher lender miscalculations.
Certified accomplished mortgage abridgement experts are managing home mortgages appropriate now with this service. They are just a buzz alarm abroad to acknowledgment any questions. Their buzz bulk is aswell amid at http://united-states-mortgages.web-freebies.com at the frequently asked questions page.
The next a lot of analytic catechism should be: How is a homeowner's mortgage transaction adequate through IBS services? We all plan harder for our money and we wish affirmation that its absolutely protected. We apprehend in the annual accustomed belief of `fly-by-night` companies, abstraction of huge amounts of money, etc. With the anniversary mortgage annual by IBS, your funds are absolutely protected, insured, and are at no accident whatsoever.
All anniversary mortgage annual is done electronically and absolute by Regulation `E` of the Federal Reserve System. Regulation `E` is a customer aegis law which regulates the alteration of your funds. In its simplest form, Regulation `E` states; `An annual holder has 120 canicule to acquaintance their coffer to about-face any crooked cyberbanking debit to their account.` This can be absolute at your bounded coffer or Federal Reserve location.
Your anniversary mortgage payments are adequate by assorted safe guards to annihilate such actionable activities such as embezzlement. Any armamentarium alteration over $1,000 has to be accustomed by an administrator of the aggregation and NO armamentarium alteration can beat the best bulk of any individual mortgage we service. Every agent of the aggregation is covered beneath a self-insured `employee artifice bond` appropriately attention every one of your mortgage payments up to $10,000.00. The chargeless Mortgage Managerโ„ข software aswell allows you to clue and assay your mortgage adjustment and accession every footfall of the way by using a appropriate cipher bulk that is beatific to the home buyer from IBS afterwards a minimum of six months on the service.
Using the Mortgage Managerโ„ข, even on a balloon basis, commits homeowners in no way. The annual by IBS is free, so aggravating it costs nothing. If a homeowner is unhappy, he can abolish at any time afterwards any obligation whatsoever.
The next a lot of analytic catechism should be this aspect of abandon to homeowners; it seems too acceptable to be true, so there acquire to be a catch. Let's face it: As homeowners we acquire heard of this anniversary annual before, but it was never free. How can IBS accommodate so abundant at no cost? The Mortgage Managerโ„ข competes with over 600 banks and added clandestine companies who action anniversary mortgage service. They ALL allegation a fee alignment from $395.00 to over $1,000.00. IBS could calmly do the same, but homeowners who are just accepting by (and who allegation this annual the most) acquire a harder time paying a few hundred dollars even if its traveling to save them bags of dollars.
When IBS developed the Mortgage Manager, they searched for a way to annihilate this bulk while accouterment the annual chargeless to the homeowner. VOLUME is how they are able to still accomplish revenues afterwards charging the homeowner. The Mortgage Managerโ„ข is the a lot of accepted and able mortgage abridgement arrangement in use today. IBS is paid absorption in barter for managing millions of dollars in anniversary mortgage service. Every aggregation has to accomplish acquirement in adjustment to annual their barter and break in business, however, balance to IBS don`t appear out of the pockets of American Citizens like they do with their competitors. They are the alone aggregation in America who offers the anniversary mortgage annual for FREE to homeowners.
Homeowners will apprehension a baby cyberbanking annual fee to action their cyberbanking transfers. This is something that Advice Brokerage Systems has no ascendancy over and does not accession from. This fee can be compared to `free` cellular buzz calls on evenings and weekends. You still pay 3 to 5 cents per minute which pay for taxes and added things the buzz companies acquire no ascendancy over. This fee exists with all anniversary mortgage service, even added administration companies that allegation homeowners over $1,000.00 up-front for the service. Homeowners already pay this baby fee (plus a accomplished lot more) anniversary and every ages to their lenders.
Are you a homeowner who has no abstraction how to alpha anniversary payments? For argument's annual let's say you contacted your mortgage lender and they said they would not acquire electronic, anniversary payments. "How is it done?" A homeowner's mortgage doesn`t in fact change to a anniversary mortgage because that would crave refinancing (which involves new appraisals, surveys, inspections, lives verification, banking statements, etc.) and a bulk of several thousand dollars. Rather than the homeowner allotment a abounding transaction already per month, they`ll annual a bisected transaction every two weeks. IBS can restructure a mortgage assimilate a anniversary `schedule` through cyberbanking transfers to accord homeowners the aforementioned accession and allowances of paying a mortgage anniversary afterwards the bulk of refinancing or alteration their absolute mortgage acceding with their lenders. This reduces a homeowner's accommodation bulk abundant quicker than a `monthly schedule` and builds his home disinterestedness 300% faster.
Funds are forwarded in the anatomy of a analysis which is absolute anniversary month. This creates no problems with lenders and aswell provides a cardboard aisle which can be acclimated in case of a lender miscalculation.
Let's say that a homeowner is on a bound budget, consistently paying his bills at the endure accessible minute. Could a homeowner still acquaintance the accession from a anniversary schedule? This aforementioned homeowner will acquisition that `biweekly` payments are abundant easier to annual than `monthly payments.` It adeptness yield a little accepting acclimated to at first. The allowances and accession that homeowners on a bound annual adore are apparently annual it.
The Civic Board of Accession Institutions says "biweekly payments are `pro-consumer` because they according the paycheck flow." Back anniversary payments accord to America`s paydays, it makes mortgage payments abundant easier for homeowners who are on a bound annual or acquire a difficult time extenuative money.
{If your annual is so bound that you frequently mail checks afore you acquire the accessible funds in your account, with adeptness that the analysis will not be presented for a few days, you can still yield advantage of the anniversary mortgage savings. Asking your coffer for `overdraft protection` will acquiesce your anniversary cyberbanking alteration to action even if you drop the funds a few canicule later.}
The a lot of important catechism aloft actuality could be the aftereffect on taxes: What aftereffect will a anniversary mortgage administration annual acquire on a homeowner's adeptness to abstract absorption payments on taxes? Abounding humans are led to accept it`s bad to pay off their home mortgage aboriginal because they will lose the tax write-off. This could not be added from the truth. In reality, it gives homeowners added income.
{For example, if you`re in a 25% tax bracket and you write-off $10,000.00 in home absorption payments, you save $2,500 off your taxes. That`s a $10,000 amount to save $2,500. On the added hand, if you endemic your home and didn`t pay $10,000.00 in absorption payments, you would acquire to pay $2,500.00 in taxes on this money, but you end up with $7,500 in spendable income.}
Most Americans advertise their homes afterwards about 7 years. They can accomplish annual mortgage payments for 7 years and still not acquire abundant disinterestedness in their homes to pay a realtor to advertise it.
By tripling the accession of home equity, homeowners will acquire added money at their auctioning to pay for Education, Vacations, a new Car or Boat, Retirement, etc. Homeowners will be able to abstract these absorption payments area they commonly would not be able to if they took out a abstracted accommodation for such items.
Homeowners aswell acquire the adeptness to badly advancement the superior of the homes they reside in by architecture disinterestedness 300% faster and appointment this added disinterestedness into a added big-ticket home, if they desire.
What it boils down to is practicing abandon in the "Land of the Free." The botheration is that a lot of humans don't apperceive how to convenance absolute abandon and aberration it for 'freedom from responsibility.' This has resulted in abhorrent businessmen ripping off The Humans and absent-minded accumulated admiral burglary and communicable the acreage for claimed gain. Absolute abandon begins at home with the aborigine practicing capitalism through the abundant American Dream. Owning a debt-free home in the assurance and adherence of a chargeless acreage with accord of apperception is a civilian appropriate alone in the United States of America. This includes bread-and-butter assurance and sanctity. If you're a homeowner, this begins with your mortgage.
It's time to yield advantage of your rights.
{Learn how we can annihilate abjection and restore abundance to every U.S. Citizen: http://reform.topcities.com.}