Account merge money software

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Achieve your financial goals through the Strategic Interest Cancellation and Wealth- Building power of the revolutionary Money Merge Account program……. People who understand interest Earn It! Those who don't Pay It! He did not lose his house but his investments barely kept up with inflation. His k did not really increase in value. Even though he got tax relief on his mortgage interest he paid tax on his investment interest. He loses his job but still pays the mortgage from the offset account. From what I read a lot of advisors might have recommended option b in the past but in todays market I am sure option c using an offset account is potentially better especially for older people nearer retirement who need safer lower-interest investments.

Also offset mortgages are usually variable rate not fixed. Because you always have the option of getting at your money. When your balance becomes large enough, you can pay off your mortgage, if you want to. If you want to have a HELOC, keep it around for an emergency situation, not as a checking account or piggy bank. If you want a copy of my spreadsheet, ping me bgsweeps-at-yahoo-dot-com.

Please put spreadsheet in the subject. I have a chance to pay down my mortgage now by 50k. Is there any advantage to making a big payment now versus several smaller payments over time over the next few years, assuming the total extra payments will be the same? Specifically, will I reduce the overall cost of the mortgage by taking one route versus the other?

Anonymous, optimal would be to put as much of that 50k into tax defered retirment accounts as you can. Second would be to put all 50k into a regular taxable account for 25 years, over that long a period you are sure to beat out a low rate fixed mortage. Third would be to dump all 50k into the mortgage right away. In 5 yrs, we want to see if we should get into it. I have been trying to see if anyone out there has one of these and see if they like it….

Notify me of follow-up comments by email. Notify me of new posts by email. My Money Blog. Spend Earn Invest Retire. Filed Under: Real Estate. Last updated: February 9, Comments Chris says. March 18, at am. Jim says. Thanks again! SayerOfTruth says. That only makes sense if you do plan to live in the same house for that long…. Amit says. Matt Good says. Kyle says. Saving Freak says. TechJosh says. Rhonda says. Brett from Common Cents for Everyone says. Jonathan says.

March 18, at pm. Debra says. It is an amazing feeling to know that cost is gone and we can focus on college funds and retirement. Good luck to all looking for ways to tackle that mortgage! Nobody ever mentions that, unless you can afford to make these extra payments, you are trading your lower mortgage interest for a higher interest rate in your HELOC.

Imagine doing that consistently for 13 years. It costs more that way, and you eliminate a huge portion of your interest savings. There are no shortcuts. Rick, you can do this on your own without resorting to the expensive and specialized software. Load More Comments. Disclaimer: The content on this site is for informational and entertainment purposes only and is not professional financial advice.

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