Any way you look at it, cutting your commitment down to 15 years affords you many more options in life.

So we’ve established that a 15 year loan clearly has some amazing benefits. But, is the 15 year loan right for you? Let’s take a look at some important considerations:

4. Affordability:

Even though the 15 year fixed rate loan enjoys a ?% savings in interest, there is still the question of affordability.

• For example, a $300,000 mortgage, amortized over 30 years a
  The Adventures of Wolley Segap -- Hot Stuff
  It was one of those hot August nights. The type Neil Diamond used to write about in the sixties. Sweltering and breezeless, it came creeping into the house like a heat stroke. The air conditioner had been out of commission since this morning, and the afternoon sun was baking me, even while I sat in my boxer shorts in the kitchen. I had checked all the usual suspects; the thermostat, the fuses, the air filter and the coils. But I had an inactive system that just sat there in utter silence. The interior temperature was climbing at an alarming rate and I was wilting under the pressure.The trip through the pages of the local phone directory had prove fruitless. The assortment
  Imagine paying your mortgage off in 15 years! Think of all the great things you could do with that extra money. What would you do? Retire early? Buy an R.V.? Travel around the world? If you could eliminate your mortgage in half the time, then your options would be wide open.

  Let’s take a look at 3 benefits and 3 considerations when evaluating whether or not the 15 year fixed rate mortgage, is right for you:

  1. Lower Interest Rate

  2. Huge Savings on Interest Paid

  3. Mortgage Paid in 15 Years

  4. Affordability

  5. Expendable Income

  6. The 15 Year Loan as an Investment

  1. Lower Interest Rate:

  The 15 year amortized fixed rate loan carries a lower interest rate.

  • The interest rate is usually about ? % the rate of a 30 year term.

  • For example, as of today’s date, the average 30 year fixed is going for about 5.67%, while the average 15 year fixed is going for about 5.10%.

  • That’s a savings of .57%!

  2. Huge savings on Interest Paid:

  Do you want to save a ton of money? A 15 year fixed will accomplish this for you.

  • Let’s look at a $300,000 loan. Over the course of 30 years, at 6% interest, you will pay the bank $347,514 in interest. (Yes that’s right. You’re paying the bank 115% of the loan value, over the course of 30 years).

  • However, with a 15 year fixed rate loan, at 5.5%, you will only pay $141,225 in interest (Wholly smoke! That’s a savings of $206,289!).

  What would YOU do with $206,289?

  3. Mortgage Paid in 15 years:

  Because the loan is amortized for 15 years, instead of 30 years, your commitment to the bank is cut in half.

  • This is an enormous advantage. After 15 years, money normally applied to a house payment can be applied to investments.

  • Or, you can begin considering alternative careers, retirement, or home improvements.

  • Or you can just spend that extra money on fun stuff and goodies.

  Any way you look at it, cutting your commitment down to 15 years affords you many more options in life.

  So we’ve established that a 15 year loan clearly has some amazing benefits. But, is the 15 year loan right for you? Let’s take a look at some important considerations:

  4. Affordability:

  Even though the 15 year fixed rate loan enjoys a ?% savings in interest, there is still the question of affordability.

  • For example, a $300,000 mortgage, amortized over 30 years at
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    The other day I watched a very compelling movie produced and directed by Clint Eastwood called "Flags of Our Fathers." It was the story of the WWII battle of Iwo Jima and the resulting media coverage in the US promoting the famous picture that resulted from that event. The message that came from that movie was interesting and one that we as business leaders should understand if we want to be successful.The message was that image is more important than reality. According to the movie, the infamous picture of the six Marines raising the flag atop the pinnacle of Iwo Jima was not taken when the flag was first raised, but in fact, at a later time after the battle, during a
    age Paid in 15 Years

  • Affordability

  • Expendable Income

  • The 15 Year Loan as an Investment

    1. Lower Interest Rate:

    The 15 year amortized fixed rate loan carries a lower interest rate.

    • The interest rate is usually about ? % the rate of a 30 year term.

    • For example, as of today’s date, the average 30 year fixed is going for about 5.67%, while the average 15 year fixed is going for about 5.10%.

    • That’s a savings of .57%!

    2. Huge savings on Interest Paid:

    Do you want to save a ton of money? A 15 year fixed will accomplish this for you.

    • Let’s look at a $300,000 loan. Over the course of 30 years, at 6% interest, you will pay the bank $347,514 in interest. (Yes that’s right. You’re paying the bank 115% of the loan value, over the course of 30 years).

    • However, with a 15 year fixed rate loan, at 5.5%, you will only pay $141,225 in interest (Wholly smoke! That’s a savings of $206,289!).

    What would YOU do with $206,289?

    3. Mortgage Paid in 15 years:

    Because the loan is amortized for 15 years, instead of 30 years, your commitment to the bank is cut in half.

    • This is an enormous advantage. After 15 years, money normally applied to a house payment can be applied to investments.

    • Or, you can begin considering alternative careers, retirement, or home improvements.

    • Or you can just spend that extra money on fun stuff and goodies.

    Any way you look at it, cutting your commitment down to 15 years affords you many more options in life.

    So we’ve established that a 15 year loan clearly has some amazing benefits. But, is the 15 year loan right for you? Let’s take a look at some important considerations:

    4. Affordability:

    Even though the 15 year fixed rate loan enjoys a ?% savings in interest, there is still the question of affordability.

    • For example, a $300,000 mortgage, amortized over 30 years a
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      If you've been in business some time - you will have more than one marketing strategy going on - so how do you find out which one is working?Split testing is the answer. What is that? As the implies – you are splitting your campaigns and testing them separately. You do this by marking each of your marketing campaigns in some way so that you know where your traffic and sales are coming from and which campaign is the most successful. Here are a few ideas as to how to do this.1) Direct each campaign to a different company contact – be it web site, domain, email address or phone number. VOIP telephone numbers are very inexpensive these days as are domains.2)
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      2. Huge savings on Interest Paid:

      Do you want to save a ton of money? A 15 year fixed will accomplish this for you.

      • Let’s look at a $300,000 loan. Over the course of 30 years, at 6% interest, you will pay the bank $347,514 in interest. (Yes that’s right. You’re paying the bank 115% of the loan value, over the course of 30 years).

      • However, with a 15 year fixed rate loan, at 5.5%, you will only pay $141,225 in interest (Wholly smoke! That’s a savings of $206,289!).

      What would YOU do with $206,289?

      3. Mortgage Paid in 15 years:

      Because the loan is amortized for 15 years, instead of 30 years, your commitment to the bank is cut in half.

      • This is an enormous advantage. After 15 years, money normally applied to a house payment can be applied to investments.

      • Or, you can begin considering alternative careers, retirement, or home improvements.

      • Or you can just spend that extra money on fun stuff and goodies.

      Any way you look at it, cutting your commitment down to 15 years affords you many more options in life.

      So we’ve established that a 15 year loan clearly has some amazing benefits. But, is the 15 year loan right for you? Let’s take a look at some important considerations:

      4. Affordability:

      Even though the 15 year fixed rate loan enjoys a ?% savings in interest, there is still the question of affordability.

      • For example, a $300,000 mortgage, amortized over 30 years a
        How to Save Money on Your Home Insurance
        The cost of home insurance can vary considerably from company to company, so if you are wise then instead of just renewing your policy year after year with the same company, you will take a little time to shop around for a cheaper deal.When looking for cheaper insurance it is essential that you take into account the actual cover that you are getting for the premium quoted. While the policy might seem cheap, you are not getting such a good deal if the policy doesn’t cover half of what you already have covered and have to pay additional fees to add extra items.You can also raise the amount of excess you are willing to pay to bring down the cost of your premium; this m
        >

      What would YOU do with $206,289?

      3. Mortgage Paid in 15 years:

      Because the loan is amortized for 15 years, instead of 30 years, your commitment to the bank is cut in half.

      • This is an enormous advantage. After 15 years, money normally applied to a house payment can be applied to investments.

      • Or, you can begin considering alternative careers, retirement, or home improvements.

      • Or you can just spend that extra money on fun stuff and goodies.

      Any way you look at it, cutting your commitment down to 15 years affords you many more options in life.

      So we’ve established that a 15 year loan clearly has some amazing benefits. But, is the 15 year loan right for you? Let’s take a look at some important considerations:

      4. Affordability:

      Even though the 15 year fixed rate loan enjoys a ?% savings in interest, there is still the question of affordability.

      • For example, a $300,000 mortgage, amortized over 30 years a
        Do You Have An Endowment Policy?
        Do you have an endowment policy that you hope will eventually pay off your mortgage? If you do there is a very good chance that it might not be sufficient to repay your mortgage at the end of its natural term. If you have been reading the financial press you may already know this.And if you have recently received a Red Letter from your endowment mortgage lender then you will already certainly know! So what do you do now? You must act promptly to ensure you can meet the potential shortfall when your endowment matures.That's the really bad news, but the good news is that it is not too late to do something major about it, but you need to act quickly.You may be u
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        Any way you look at it, cutting your commitment down to 15 years affords you many more options in life.

        So we’ve established that a 15 year loan clearly has some amazing benefits. But, is the 15 year loan right for you? Let’s take a look at some important considerations:

        4. Affordability:

        Even though the 15 year fixed rate loan enjoys a ?% savings in interest, there is still the question of affordability.

        • For example, a $300,000 mortgage, amortized over 30 years at 6%, equates to a monthly house payment of $1798.

        • But the same loan amortized over 15 years at 5.5%, equates to a monthly house payment of $2,451.

        • That’s an extra $653 per month, or a payment that’s 36% higher than a 30 year fixed.

        Can you afford the long-term commitment of a 15 year fixed rate loan?

        5. Expendable Income

        The 15 year fixed rate loan is an important consideration if you have extra income and you are looking to apply it somewhere. Ask these important questions:

        • Are all your bills getting paid?

        • Do you have low debt?

        • Are you spending too much each month on luxuries?

        • Are you spending too little each month on productive investments and savings?

        If money’s got you down, and things are tight, and if there are other financial areas for you to explore first (such as paying off credit cards), then perhaps the 15 year loan may not be right for you, at least not right now.

        Start by completing a budget analysis, and figure out a plan to get you from point A to point B.

        6. The 15 Year Loan As An Investment:

        This is really, the most important consideration. A 15 year fixed rate loan is more of an investment then anything else.

        • The financial benefits of a 15 year fixed rate RIVALS the benefits of a 401k, Roth IRA, and Mutual Fund performance.

        • You need to compare the money saved (in our example, that’s $206,289) to the performance of your other investments in your portfolio. Remember to calculate in the extra money you are paying for the 15 year loan (in our example, that’s $653 per month), so that you can determine a net profit.

        • If you are exploring ways to build wealth, and apply your money in a productive way, then you need to seriously sit down, and figure out how to get a 15 year loan incorporated into your plan.

        Remember, money saved, is money earned!

        We’ve enjoyed providing this information to you, and we wish you the best of luck in you