Hello to all!
A quick heads up. I'm putting the finishing touches on a new report you'll enjoy. For details on it, click here.
Talk to you soon!
Steve
Sunday, February 10, 2008
Friday, February 1, 2008
“Will You Do Me a Favor?”
I have an idea, and I need your opinion on it. (Please read on for details.)
Thanks! :-)
Steve Fischer here. I hope all’s going well with you! I’m really excited about something, and wanted to tell you about it…
Could you do me favor?
I’m testing out a new program for my clients. And before I roll it out on a grand scale, I wanted to check with you to see what you thought of it.
Here’s what it’s all about…
I discovered a way to show you how to payoff your debts legally, morally and ethically in a third of the time… without increasing the payments in your monthly budget.
It has nothing to do with ‘bi-weekly’ payments or getting a line of credit.
It’s a way to ‘re-engineer’ your existing debts. Just make some simple changes to how you pay your bills (using this new program) and you can save yourself thousands of dollars in unnecessary interest. With times like they are right now, this could really help you out.
It doesn’t cost a dime to ‘test the waters’ and see if this program is right for you.
Give me a call at 309-743-0110 so I can explain all the details...
Thanks in advance for your help. I look forward to hearing from you!
Steve Fischer
Tradition Mortgage
800 36th Ave
Moline, IL 61265
You can send me a message here or leave me a comment to this post. OR...
Go see this for more details!
P.S. I put together a special report that includes some examples of how this works also. I can send it to you (or email it to you) when you call. You can also subscribe at one of the links above and I'll get it right out to you.
Thanks again!
Thanks! :-)
Steve Fischer here. I hope all’s going well with you! I’m really excited about something, and wanted to tell you about it…
Could you do me favor?
I’m testing out a new program for my clients. And before I roll it out on a grand scale, I wanted to check with you to see what you thought of it.
Here’s what it’s all about…
I discovered a way to show you how to payoff your debts legally, morally and ethically in a third of the time… without increasing the payments in your monthly budget.
It has nothing to do with ‘bi-weekly’ payments or getting a line of credit.
It’s a way to ‘re-engineer’ your existing debts. Just make some simple changes to how you pay your bills (using this new program) and you can save yourself thousands of dollars in unnecessary interest. With times like they are right now, this could really help you out.
It doesn’t cost a dime to ‘test the waters’ and see if this program is right for you.
Give me a call at 309-743-0110 so I can explain all the details...
Thanks in advance for your help. I look forward to hearing from you!
Steve Fischer
Tradition Mortgage
800 36th Ave
Moline, IL 61265
You can send me a message here or leave me a comment to this post. OR...
Go see this for more details!
P.S. I put together a special report that includes some examples of how this works also. I can send it to you (or email it to you) when you call. You can also subscribe at one of the links above and I'll get it right out to you.
Thanks again!
Update on the Simpleology Blog course...
One word...
WOW!
I picked up a TON of great ideas from the free blog course at Simpleology.
I highly recommend this site to anyone looking to boost their productivity.
And their overall effectiveness in life!
It's free to join. So you have nothing to lose...
Check it out!
Here's the link to get your free Simpleology account.
Sign up for it right now. You won't regret it!
Have a nice weekend...and feel free to leave a comment and let me know what you think of this course!
Steve Fischer
P.S. I'm putting to together a service that shows homeowners how to payoff their bills in 1/3 of time...
-Without bi-weekly payments
-and without signing up for an expensive 'money merge' account
Go here for more details.
WOW!
I picked up a TON of great ideas from the free blog course at Simpleology.
I highly recommend this site to anyone looking to boost their productivity.
And their overall effectiveness in life!
It's free to join. So you have nothing to lose...
Check it out!
Here's the link to get your free Simpleology account.
Sign up for it right now. You won't regret it!
Have a nice weekend...and feel free to leave a comment and let me know what you think of this course!
Steve Fischer
P.S. I'm putting to together a service that shows homeowners how to payoff their bills in 1/3 of time...
-Without bi-weekly payments
-and without signing up for an expensive 'money merge' account
Go here for more details.
Wednesday, January 23, 2008
The Fast Track to Gaining Equity with Refinancing
When most people think of refinancing, they think of a way to lower their monthly payments or to get cash out of their homes, but there’s another aspect to refinancing that more and more people are finding out about and utilizing.
Your home is probably your biggest asset, and the equity in your home is the key to that asset. If you’re paying off at typical 30-year mortgage, you could be throwing some of that equity, and thousands of dollars, away. More and more people are finding out that by refinancing their homes, they can build equity faster and pay of their loans earlier. With mortgage rates being some of the lowest in history, now is the perfect time to review your refinancing options and look closely at what refinancing can do for the equity in your home.
If you can refinance your home at a lower interest rate, but make the same monthly payment that you’ve been making, you can save thousands of dollars in interest, pay your home off early, and build equity faster than if you had continued to pay at the higher rate of interest.
Some borrowers who qualify may even want to refinance at a lower interest rate, but take out a 15-year mortgage instead of a 30-year mortgage.
A 15-year mortgage can save you thousands of dollars. For example, let’s take a $100,000 mortgage with a 7 percent interest rate. If you were to take out a 30-year mortgage with those terms, your total payments would equal $239,511 and the total interest you paid would equal $139,511.
If you took that same exact mortgage amount and interest rate, and took out a 15-year mortgage, your total payments made would equal $161,789 and the total interest you paid would come to $61,789, saving you approximately $77,722. Obviously, if the loan amount were higher, and the interest rate were to decrease when you refinance, you will save substantially more.
Even if you don’t qualify for a 15-year refinance, you will want to ask the lender to prorate the length of your loan to the amount of time you currently have left to pay off.
For instance, if you’ve been paying on your mortgage for 10 years, ask for a 20-year mortgage instead of a 30-year plan. This will ensure that your home is paid off in the quickest amount of time possible and that your equity accrues at an accelerated rate.
--------------------------------------------------------------------------------
Written by Craig Romero
Discover how to quickly build a minimum of $40,000 worth of home equity and pay your mortgage off in 10 years or less without making biweekly mortgage payments.
Click Here for more info!
Craig Romero is an author and mortgage analyst dedicated to
helping homeowners maximize the investment in their homes.
Your home is probably your biggest asset, and the equity in your home is the key to that asset. If you’re paying off at typical 30-year mortgage, you could be throwing some of that equity, and thousands of dollars, away. More and more people are finding out that by refinancing their homes, they can build equity faster and pay of their loans earlier. With mortgage rates being some of the lowest in history, now is the perfect time to review your refinancing options and look closely at what refinancing can do for the equity in your home.
If you can refinance your home at a lower interest rate, but make the same monthly payment that you’ve been making, you can save thousands of dollars in interest, pay your home off early, and build equity faster than if you had continued to pay at the higher rate of interest.
Some borrowers who qualify may even want to refinance at a lower interest rate, but take out a 15-year mortgage instead of a 30-year mortgage.
A 15-year mortgage can save you thousands of dollars. For example, let’s take a $100,000 mortgage with a 7 percent interest rate. If you were to take out a 30-year mortgage with those terms, your total payments would equal $239,511 and the total interest you paid would equal $139,511.
If you took that same exact mortgage amount and interest rate, and took out a 15-year mortgage, your total payments made would equal $161,789 and the total interest you paid would come to $61,789, saving you approximately $77,722. Obviously, if the loan amount were higher, and the interest rate were to decrease when you refinance, you will save substantially more.
Even if you don’t qualify for a 15-year refinance, you will want to ask the lender to prorate the length of your loan to the amount of time you currently have left to pay off.
For instance, if you’ve been paying on your mortgage for 10 years, ask for a 20-year mortgage instead of a 30-year plan. This will ensure that your home is paid off in the quickest amount of time possible and that your equity accrues at an accelerated rate.
--------------------------------------------------------------------------------
Written by Craig Romero
Discover how to quickly build a minimum of $40,000 worth of home equity and pay your mortgage off in 10 years or less without making biweekly mortgage payments.
Click Here for more info!
Craig Romero is an author and mortgage analyst dedicated to
helping homeowners maximize the investment in their homes.
Thursday, December 20, 2007
Free course on Blogging...Check It Out!
I'm evaluating a multi-media course on blogging from the folks at Simpleology. For a while, they're letting you snag it for free if you post about it on your blog.
It covers:
- The best blogging techniques.
- How to get traffic to your blog.
- How to turn your blog into money.
I'll let you know what I think once I've had a chance to check it out. Meanwhile, go grab yours while it's still free.
Monday, July 30, 2007
Credit Scoring 101
"Use These Facts to help you..."
What is a credit score?
Before any lender decides on what terms to offer you on your new loan (which they base on the "risk" to them) they want to know two things about you:
1. Your ability to pay back the loan, and
2. Your willingness to pay back the loan.
For the first, they look at your income-to-debt obligation ratio. For your willingness to pay back the loan, they look at your credit score.
The most widely used credit scores are FICO scores, which were developed by Fair Isaac & Company, Inc. (and they're named after their inventor!). Your FICO score is between 350 (high risk) and 850 (low risk).
Credit scores only consider the information contained in your credit profile. They don't include things like your income, savings, and down payment amount. Or demographic factors like gender, race, nationality or marital status. (The fact they don't consider demographic factors is why they were invented in the first place.) "Profiling" was as dirty a word when FICO scores were invented as it is now. Credit scoring was developed as a way to consider only what was relevant to somebody's willingness to repay a loan.
Past delinquencies, derogatory payment behavior, current debt level, length of credit history, types of credit and number of inquiries are all considered in credit scores. Your score considers both positive and negative information in your credit report. Late payments will lower your score, but establishing or reestablishing a good track record of making payments on time will raise your score.
Different parts of your credit history are given different weights. Thirty-five percent (35%) of your FICO score is based on your specific payment history. Thirty percent (30%) is your current level of indebtedness. The time your open credit has been in use (ten year old accounts are good, six month old ones aren't as good) and types of credit available to you (installment loans such as student loans, car loans, etc. versus revolving and debit accounts like credit cards) each account for 15%. Finally, 5% of your score is based on the pursuit of new credit.
Your credit report must contain at least one account, which has been open for six months or more, and at least one account that has been updated in the past six months for you to get a credit score. This ensures there's enough info in your report to generate an accurate score.
If you don't meet the minimum criteria for getting a score, you may need to establish a credit history prior to applying for a mortgage.
Need more tips? Have more questions? Call me! I can help you by answering any specific questions you have on your report. I can also help you with a complimentary credit evaluation and identity theft review. Call me at 309-743-0110 for more details...
Sunday, June 3, 2007
Your Credit Card Company Hopes You NEVER Find This Out!
There are 6 things your credit card company DOES NOT want you to know!
Knowing these 6 things will save you a ton of hassle...and money!
Here they are...
#1 The TRAP is set. The average consumer has 4 credit cards, with an average balance per card of $3,900 (that’s $15,600 in debt in case you haven’t done the math!) Sure, there’s safety in numbers, but is this the company in which you want to belong?
I don’t know about you, but I’d much rather be in the “below average” customer group that has less than $1,000 in TOTAL credit card debt. These companies keep offering us new cards every week (think about how many you have received in the last year!) They offer higher credit limits and cash advances. Basically, they insult our intelligence. Many consumers are flattered when they receive their “PRE-APPROVED PLATINUM VISA- just fill out the form below sign and send back” letter. We think we’re being rewarded for a job well done. The job, of course, is being able to spend money with the best of them and pay it back better than most. Don’t get SUCKED into this mental TRAP! STOP TRYING TO KEEP UP WITH THE JONESES; THEY’RE HEADED FOR BANKRUPTCY, ANYWAY!
#2 The Never-Ending Debt… If you make the minimum payment due on your average balance of $3,900 each month, your credit card will be paid off in approximately 39 years! It’s called “amortization”, or in the case of credit card repayment, I should say “lack of amortization.” In lay terms, this simply means you have no real term set in order to pay this back. It’s open-ended. They’ll let you pay on that same balance forever if you let ‘em. When you buy an automobile, you may finance it for 5 years. You know, if you never send an extra dime over your monthly payment to that Loan Company or bank, you’ll own that car on the day of your 60th payment. You have none of these guarantees with credit cards. They are revolving accounts. I guess you can say they are like the Energizer Bunny, “THEY KEEP GOING, AND GOING, AND GOING…”
Want to know the other 4 credit card traps? Then click here to get them!
Please let me know if there's anything else I can do to help you.
Steve
Knowing these 6 things will save you a ton of hassle...and money!
Here they are...
#1 The TRAP is set. The average consumer has 4 credit cards, with an average balance per card of $3,900 (that’s $15,600 in debt in case you haven’t done the math!) Sure, there’s safety in numbers, but is this the company in which you want to belong?
I don’t know about you, but I’d much rather be in the “below average” customer group that has less than $1,000 in TOTAL credit card debt. These companies keep offering us new cards every week (think about how many you have received in the last year!) They offer higher credit limits and cash advances. Basically, they insult our intelligence. Many consumers are flattered when they receive their “PRE-APPROVED PLATINUM VISA- just fill out the form below sign and send back” letter. We think we’re being rewarded for a job well done. The job, of course, is being able to spend money with the best of them and pay it back better than most. Don’t get SUCKED into this mental TRAP! STOP TRYING TO KEEP UP WITH THE JONESES; THEY’RE HEADED FOR BANKRUPTCY, ANYWAY!
#2 The Never-Ending Debt… If you make the minimum payment due on your average balance of $3,900 each month, your credit card will be paid off in approximately 39 years! It’s called “amortization”, or in the case of credit card repayment, I should say “lack of amortization.” In lay terms, this simply means you have no real term set in order to pay this back. It’s open-ended. They’ll let you pay on that same balance forever if you let ‘em. When you buy an automobile, you may finance it for 5 years. You know, if you never send an extra dime over your monthly payment to that Loan Company or bank, you’ll own that car on the day of your 60th payment. You have none of these guarantees with credit cards. They are revolving accounts. I guess you can say they are like the Energizer Bunny, “THEY KEEP GOING, AND GOING, AND GOING…”
Want to know the other 4 credit card traps? Then click here to get them!
Please let me know if there's anything else I can do to help you.
Steve
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