How comfortable are you with knowing the truth that you are not the true owner of your home, but that your lender is (depending on the amount of equity you have on your loan at the moment)? And that no matter how wonderful a price you’ve appeared to have “gotten” on your home, you are paying an enormous, hefty premium to your lender that practically offsets any sort of price benefit you’ve obtained on your home in the first place ?
Consider the following example :
Example: On a loan of $200,000.00, with an interest rate of 5% for 30 years, your monthly payment is $1,073.64. At the end of your term, you will have paid $200,000.00 in principal and $186,511.57 in interest for a total payment of $386,511.57.
Even at such standard low interest rate of 5%, this 30-year mortgage will cost you close to double the purchase price of your home over the entire mortgage term. When you make the same minimum payments every month, you are effectively paying over $186,000 in interest over a 30-year period. However, there are ways to lower that interest and accelerate the speed of reducing your mortgage debt, and one of the best methods to do this is by mortgage pre-payment.
TQ-MAX offers you a powerful mortgage acceleration system that shows you how to pay-off your mortgage quicker and realize significant savings in mortgage interest. Small amounts of principal pre-payments can make a significant difference in your overall interest paid.
TQ-Max members enjoy cash back rewards from shopping at over 500 affiliated merchants. Cash back rewards can be used to enhance your mortgage acceleration program. The system also allows you to put your mortgage acceleration on auto-pilot.
Visit www.tq-max.com to access the powerful TQ-Max mortgage interest calculator and shop for cash back rewards.
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