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Invest in yourself – Invest in Your Own mortgage and reduce those interest charges.

Let’s begin with the premise that you are a homeowner, have a mortgage and have at least a small amount of money left each month to invest. Where do you invest it? You’ll want a safe investment that pays more than those bond funds. It would be nice if your investment compounded monthly. How about accessibility? Yeah, that’s very important. No problem.

The baby boomer generation were taught that having savings is good and that it should be put safely in the bank. Even if the bank became insolvent our money is insured by the FDIC up to $100,000. So all we had to do, if we were lucky enough to have more money than that was to open account at another bank. Only problem is the interest that the banks pay on savings or even certificates of deposits is, at most 5.5% AND is taxable.

An alternative to Stocks, Bonds and Mutual Funds could be just putting the funds you may otherwise invest in these methods and pay down your mortgage. So in other words each month pay your mortgage payment plus some extra. Maybe a portion of the amount you invest each month or maybe the whole investment, the decision is yours.

A Little Extra – The Savings Math

Here’s an example of what would happen if you invested in the mortgage, you owe on your home. Let’s use a new fixed rate mortgage with a starting balance of $100,000 amortized over 30 years at 7%. By paying an extra $25 per month we would pay this mortgage off 39 months early. Check my math, but I calculate that would save us 39 (month) x $665.31 (monthly payment amount) = $25,947 minus 321 months that we made extra payments each of $25 or a total of $8,025 would leave us $17,992 in savings growth. $17,992 divided by 321 months is an average of $55.83 a month in tax free growth. Annualized that amount for a yearly average of $669.96. Divide that by our yearly investment of $300 ($25/month) and we get a whopping average return of 223%.

If you were to further invest a little time, go check out some great mortgage rates at www.propertysharesinternet.com, you could even shave another few thousand dollars. Go ahead and invest in all the fancy funds Wall Street has to offer, but at least consider investing in your own mortgage.

If your still thinking shares are the way to go www.propertysharesinternet.com may be able to guide you in the right direction also.

Happy Investing!

Anthony Simon

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One of the best ways to use a mortgage calculator is to help you to compare the interest rates of various loans. Applying for and getting a home loan is a lot of work. It is not something that is easy to do unless you do not care how much you will be paying for your home. Since this is one of the largest investments you will ever make, you will want to insure that you get the best loan for your home as well as for your pocketbook. You can easily do this, though, when you take the time to use this type of tool.

The interest rate of a home loan is the most costly part of it. This is the percentage that you will pay to borrow the money to buy the home. Nothing is more important to compare when looking for a home loan than this number. What makes it confusing and even enticing is the fact that many lenders out there who are all offering slightly different interest rates. How do you know which one is offering the lowest rate? If you like one company and would like to work with them, but someone else is offering a lower rate, what will it cost you? These are just what you can learn from using a mortgage calculator .

This tool allows you to compare what is out there. You will simply need to punch in some numbers such as the interest rate of the potential loan, the terms of the loan and any fees that may be included as well as the amount of your down payment and out comes a lot of information that is vitally important to your decision. You will learn how much this particular home loan will cost you. The mortgage calculator will tell you how much you will pay monthly in your payments. It will also tell you how much you will pay in total cost.

Now, if there are other interest rate charges out there that you are considering, you can use the tool to see just what the difference will be. Simply go back to the blank mortgage calculator and input the necessary information for the new potential home loan. You will get all of the same numbers, this time with the new totals for the new rates. Because there is no charge for using this tool and there is no obligation for using it, it is easy to keep using it to keep seeing the various options that you have.

This tool is easy to use too. You can use it to provide you with all of the things that you need to make a good decision about the home loan you are taking in. Compare several different home loan lenders to see what they can offer you and to see just what the difference in dollars and cents is. Taking just a few minutes to carefully consider these options, by using a mortgage calculator can help you to benefit many times over in your home loan.

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Bad Credit Loan — How to Get the Best Interest Rate

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Bad credit loans are in high demand. And if you do any research on bad credit loan, youll find plenty of advice on how to get the lowest interest rate. Youll also find plenty of people willing to give you a bad credit loan, but youd be making a mistake to accept it.

Unfortunately, most of what youll find approaches the problem from the wrong direction. The way to get the VERY best interest rate on a bad credit loan is usually overlooked or concealed altogether.

But before we continue, lets digress briefly and look at how significantly the higher rate for a bad credit loan affects the borrower.

Lets say you want to buy a house, but have bad credit. No matter how diligently you shop for a lender, youre still be charged a higher interest rate for a bad credit loan than if you had good credit.

With good credit, you might get a mortgage loan at 6% interest. But a bad credit loan will cost you closer to 12%. Assuming you get a $100,000 mortgage over 30 years, the difference youd pay in interest amounts to a monstrous $154,461.60 MORE because you have bad credit. Thats over 1 times the loan itself!

Now getting back to our original problem, how can you get a better interest rate for a bad credit loan? The answer is probably not what you were expecting.

The solution is to think outside the box. The way to get a bad credit loan with the best interest rate is to NOT get one! Instead, spend a couple of months fixing your bad credit, and then look for a good credit loan instead.

This answer probably comes as something of a shock to you. More than likely, several objections to this approach will come to mind.

1. I need a loan NOW or Its not worth my while to wait until I repair my credit.

Oh really? Well, is it worth a savings of $150,000 or more? Granted you may not be looking for a $100,000 loan. But even if you want to borrow only $10,000 or so, the better rates youll enjoy with good credit will still save you several thousand dollars.

2. Fixing my credit will take too long, or it just isnt possible.

Its often possible to make very a significant improvement in your credit rating in just a few months, and in some cases as little as 30 days.

3. I dont know how to repair my credit and cant afford to hire a credit repair agency

For a fraction of the cost of a professional agency, you can purchase a good book on credit repair that will walk you through the whole process.

4. Do-it-yourself credit repair is too difficult or I dont think I can repair my own credit

Dont be intimidated by the idea of fixing your own credit. If you can write a few letters, address, stamp, and mail them you can repair your own credit.

Your decision comes down to this; you have two choices.

1. You can spend some time (maybe a LOT of time) shopping for a bad credit loan with the lowest possible rate, and still end up paying thousands (even tens of thousands) more in interest.

2. You can spend some time fixing your credit and spend those thousands on your familys needs, instead of paying them to your lender.

Do you really think your lender needs your hard earned money more than you and your family need it? Anybody can work on fixing their own credit. Thats right, anybody!

Get a good book on credit repair and get started TODAY!

(c) 2005 eBusiness Power

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