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Further
Reading ...
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MARBLE PAINTING: A FUN CRAFT PROJECT FOR KIDS
MARBLE PAINTING: A FUN CRAFT PROJECT FOR KIDS by Sunil Tanna of Answers 2000 http://www.ans2000.com/ ----------------------------------------------------------------- Publication Terms And Conditions: Answers 2000 Limited grants you a free...
Translating What Men Do
Introduction The article below contains a few sweeping generalisations within it that hold true in most cases. I wouldn’t for a moment claim that all men or women act out a particular gender role, I would however say that some assumptions can be...
Goal-Resolve to Get Organized
Goal-Resolve to Get Organized By: Janet L. Hall =========================================== Many people make New Year's resolutions, only to break them within a week or a month afterwards. Many people either do or do not set goals for themselves....
Toys For Your Pet That Are Safe and Fun
There are plenty of toys on the market to keep your favorite pet entertained for hours on end, but there are also a number of factors to consider when purchasing toys for your pet. As with children's toys, safety should be first and...
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Add A Few Dollars To Your Mortgage Payment
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Written By:
Terry J. Rigg
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Many of us don't believe that a few dollars can make a big
difference. In a lot of cases that is true. But when it comes to
mortgages or any other type of loan, a few extra dollars can save
you Big Bucks.
The chart below gives examples of three different loan terms and
what paying between $75 to $100 more a month would do to the
mortgage. It is based on a $100,000.00 loan at 7% interest.
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YearsInt Rate Payment InterestTotal of PaymentsSavings
307% $665.30$139,508.00$239,508.00 N/A
Round Payment to $750.00 $93,994.86$193,994.86$45,513.14This loan
would be paid off in 259 months instead of 360.
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207% $775.30$86,072.00$186,072.00 N/A
Round Payment to $850.00 $69,409.58$169,409.58 $16,662.42This loan
would be paid off in 199 months instead of 240.
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157% $898.93$61,789.40$161,789.40 N/A
Round Payment to $1000.00 $50,517.67 $150,517.65 $11,271.73This
loan would be paid off in 151 months instead of 180.
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By adding $84.70 to your 30 year loan you can save $45,513.14
and pay the loan off in 21 1/2 years.
By adding $74.70 to your 20 year loan you can save $16,662.42
and pay the loan off - continued below ...
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continued ...
in 16 1/2 years.
By adding $101.07 to your 15 year loan you can save $11,271.73
and pay the loan off in 12 1/2 years.
You can also see by the chart that obtaining a shorter loan term
when you buy your house can save a lot of money.
There are a couple of things that you need to check. First is
that your loan agreement doesn't allow the loan company to
charge penalties for early payment. Secondly, if you itemize
your federal income taxes and deduct mortgage interest, paying
less interest will mean a lower deduction. I believe it is safe
to say that the interest savings will far outweigh the tax
savings.
Even if you don't have $75 to $100 a month to add to your
mortgage payment, even $25 would save a lot.
If you would like to have your own Loan Calculator, just visit
www.pine-grove.com to download their Loan*Calculator! Plus.
This is a free version and has everything the average family
can use. It is also the Loan Calculator I have used for several
months. Highly Recommended.
About the Author
Terry Rigg is the author of Living Within Your Means - The Easy
Way http://www.homemoneyhelp.com/ebookadpage.html and editor
of The FREE Budget Stretcher Newsletter and Budget Stretcher
web site http://www.homemoneyhelp.com. He has 25 years of
experience counseling individuals and families concerning their
personal finances.
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| _Additional Resources ... |
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Intelligence of cats part-1
Cats are more intellgent as compared to dogs.The anatomy of brain of cat is very similar to the human brain, whereas the anatomy of brain of a dog is not very similar to human brain.According to website http://www.petplace.com, the anatomy of brain...
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