Mortgage Interest …
"THE GREAT BANKING RIP-OFF"

5 Ways You Are TRAPPED Into Spending More of Your Paycheck on Mortgage Interest
Without Even Realizing It



When it comes to your mortgage, there is no shortage of tasks to dread, much less blow off. There is the mortgage bill, paying your mortgage tax, shelling out for insurance, paying that dreaded Private Mortgage Insurance, avoiding your mortgage brokers phone calls each time the rates drop, finding the paperwork when you are about to refinance, and the list can go on.

But you may be thinking that you make your mortgage payments on time and you are fine the way you are, so why should you care?

What you do not realize is that the banks have created a complex system to get you buried in the details so that you end up paying more in mortgage interest for a longer period of time.

You end up paying more than you have to and you just don't know about it. The impact could be huge, and this could result in a delayed retirement, unhappy kids who have to pay for their own college education…which means they’ll have to take out loans and get stuck in debts and dead-end jobs, a miffed spouse, and years of working hard in that position resigned to the fact that you’ll have to keep paying your mortgage for decades, the list can go on and on.

So what's holding you back from paying off your mortgage early and spending more in interest than you have to?


5.  Refinancing Your Mortgage and Owing “Uncle Sam” Extra in Interest and Penalties

Mortgage Tax!!! Just when we think we understand it, the IRS changes the rules. Well, the rules have actually been there all along but how well do you know or understand them?

While it is tempting to take a tax deduction for the mortgage interest on a refinanced loan, remember not to do it blindly … you could be setting yourself up for a tax trap. read more...


4.  Turning a Blind Eye To Your Mortgage And Painfully Adding Extra Years of Interest Payments

We all tend to turn a blind eye to the rusted corners in the bathroom drain -- where no one is likely to look.

The same goes for choosing the right mortgage while your existing one is eating your paycheck. Have you turned a blind eye or relied solely on your broker when choosing your current mortgage or your mortgage payments? read more...


3.  Unaware That You Are Hurting Your "Credit Reputation"?

What you do not know may hurt you. The mortgage interest you pay on your home loan is directly linked to your credit score. I am sure that you are aware of this.

But what your banker or broker may never tell you is that if you pull your credit application multiple times when you refinance or apply for a new mortgage, this will cost you thousands of dollars in mortgage interest. read more...


2.  Planning To Move To A New Home Without Building Equity?

Are you planning to move in the next 5 years?

If you were like me, you would rather stuff as much cash into your own pocket rather than paying more towards your mortgage.

I was advised that paying off my mortgage later in life is the best financial idea ever. Keep as much in my pocket now and take care of the mortgage balance later. read more...


1.  Your Mortgage Contract is Cleverly Set Up To Work Against You

I know what you must be thinking. If I have a good mortgage and make my mortgage payments on time, why should I be worried?

Good question.

The way the bank charges you interest is complicated. You may not even realize you are paying more than you have with each mortgage payment and this is not your fault. read more...



Staying on top of your mortgage finances can sometimes feel like a full-time job. And most of us already have a lot to deal with. In times like this, it is easy to get tempted by promises to find quick fix solutions that will help you take control of your situation.

There are many claims in the market that promise to pay off your mortgage early in less than 10 years without spending more money. Do not be fooled. Safeguard yourself and your money. Go directly to our mortgage calculators to discover the true cost of your home loan and mortgage payments. Click here to go directly to the mortgage payoff and acceleration calculators.

If you need mortgage financial information or have a question, our advisors are readily available to answer any questions. Meanwhile, you can also go directly to our FAQ or our Blog. Click here to contact us and we will get back to you with a response to your specific query. We also encourage you to sign up for our free newsletter, where you can receive concrete, actionable advice that will measurably improve your mortgage financial well-being right away.






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