* Must Read *
THE MORTGAGE REDUCTION GUIDE
So Many Choices
In this current day and age we are overwhelmed by the media telling us what we should be doing with our money: invest in stocks, invest in mutual funds, invest in real estate, invest in RRSPs, etc. The advertisements you never see, or the advice you never hear is “Pay Down Your Debt.“ The reason you will not see an advertisement encouraging you to pay down your debt is because it does not benefit anyone but you. Even if you go to your bank representative or financial planner they will not benefit by telling you to pay down your debt, so this is rarely the advice you will get. Financial Institutions profit when you invest with them and lose profits when you pay down debt.
Contrary to what you will hear in the media or from the “experts” I am going to suggest that you take your extra money and put it where you will experience a guaranteed tax free return: Paying off your debt!
Debt Reduction Software
The people that do promote debt reduction and paying off ones mortgage are those that are marketing software programs with claims of reducing your debt while maintaining your current payment schedules. That is quite simply impossible. Although I believe the marketing of these products is deceptive and they are vastly over priced, the products themselves do work.
With a cost anywhere from $1,500 – $4,000 up front, and $75 per year this software will track your spending and mortgage balance. It is quite pricey considering you can do the same with other software at a fraction of the cost or free. It may not be as pretty, but it will be just as effective.
All of the companies offering this type of software do state that you can do the same thing yourself without the software, but without the assistance, you likely won’t. I am going to offer you software alternatives to mimic what these programs do and a guide at at fraction of the price.
By following my guide rather than purchasing one of these expensive software packages not only do you save right now, but you will save thousands of dollars over the life of your mortgage.
The Mortgage Reduction Guide is a one time purchase. Your email will not be added to any marketing lists, you will not be solicited to purchase any software, nor will you be encouraged to use the money you are saving for other investments. These are all common practices of people selling the other programs. More importantly, you will not be placing any financial information onto a server.
Added Value
When purchasing the Mortgage Reduction Guide you gain access to an unbiased professional who will provide you with accurate information when making decisions regarding your mortgage and debts. Questions that you may be requiring information on could include:
- Should I break my mortgage for a lower rate?
- Can I actually save money by breaking my mortgage and paying the penalty?
- Can I save by consolidating my high interest debt into my mortgage?
- Can I save money by taking a cash back mortgage?
- I have been offered three different rates with different incentives. Which offer saves me the most money?
Can your mortgage representative accurately answer any or all of these questions? Would you even know if you were getting advice that was actually costing you money rather than saving you money? Many people do these calculations, but not all of them do them properly. The Mortgage Reduction Guide comes with an email address that you can direct these questions to with unlimited access until you are debt free!
Example:
You have saved up enough for a 20% down payment on a $350,000 home. You will be getting a mortgage for $280,000 and want to amortize it over 25 years. You have been presented with the following three options:
- 3.93% for a 5 year term
- 4.04% for a 5 year term and the lender will rebate you $2,000 to cover closing costs
- 5.18% for a 5 year term with 5% cash back
You have money for closing costs and the cash back is not important to you. You would just apply the $2,000 or the 5% cash back to your mortgage. All of the mortgages have similar prepayment privileges and you are just not sure which is the best value? All three mortgage reps tell you that their mortgage is the best value, but cannot show you why or by how much. They all seem to be comparing things differently. Just send an email and you will get an accurate unbiased comparison. Access to this information could save you hundreds to thousands of dollars over the life of your mortgage. The 4.04% with $2,000 for closing costs is the best value by $889. That information has just paid for the Mortgage Reduction Guide many times over. If you would just like a question answered click here.
Few people can accurately make this comparison and if they are offering you the mortgage they may be biased.
Frequently Asked Questions
Q. How much money can I save with The Mortgage Reduction Guide?
A. That is dependent on each individual, their financial situation, and motivation. No guide or software program can guarantee savings without action from the individual.
Q. I don’t have have a mortgage yet. Should I purchase The Mortgage Reduction Guide?
A. Yes. If you are shopping for your first mortgage purchasing The Mortgage Reduction Guide will be of benefit. You will also have access to an unbiased professional to assist you in comparing different mortgages.
Q. Should I get a fixed rate or variable rate mortgage.
A. This is a choice based on your personal financial situation and risk tolerance. I cannot provide you an answer for this.
Q. I am behind in my monthly payments on my credit cards and don’t have the money to pay them. Can The Mortgage Reduction Guide help me?
A. No. If you are have missed payments and are struggling financially I suggest you seek a Credit Counselor to explore your options.
Q. Where do I find extra money to pay down my debts?
A. A Google search of “money saving tips” returns the following: Results 1 – 10 of about 20,100,000 for money saving tips. (0.19 seconds) If you have exhausted all avenues to save money and still cannot pay your debts do not purchase The Mortgage Reduction Guide. I suggest you seek a Credit Counselor to explore your options.
Q. What advice do you offer with the purchase of The Mortgage Reduction Guide?
A. I do not offer any actual advice. I will provide information based on the different scenarios that you provide. This information is unbiased and based strictly on mathematical calculations. I compare the scenarios you offer and tell you which one saves you more money and how much.
Q. How are you able to provide information until I am debt free for a one time cost?
A. I have already built calculators to compare most scenarios, which was very time consuming. Now I just enter the information you provide.
Q. Can’t my bank or mortgage broker answer the same questions?
A. Maybe, but there may be a conflict of interest if they are also selling you a mortgage. The information I provide is completely unbiased and based on which scenario will save you the most money.
Bookmark this page. The Mortgage Reduction Guide will be available soon.
The Mortgage Reduction Guide will be available soon. In the meantime if you have any question please do not hesitate to email FAQ@DEBTFREEBY43.com .