HOW TO SAVE $1,000

So you want to see if I really can save you $1,000. You can do it by

  • Choosing a more suitable loan
  • Choosing a better rate/fee option
  • Locking in when rates are lowest

Another big secret is paying additional amounts on your mortgage on a regular basis.  Sure, it may be a problem for some people, but you can do anything once you see the rewards.  What is worst is not paying anything!

Consider this. The worst credit card debt management plan ever devised is to pay the minimum amount due every month. That maximizes the lender’s profit.  Guess what? A 30 year loan is like a huge credit card where the lender wants you to make the minimum payment every month. Outfox them by paying more whenever you can.  How much do you have to pay to save $1,000?  Here are a few options at an interest rate of 7%.

  • Adding just $1 to every payment saves $1,219 in interest over 30 years.
  • Adding just $125 to your very first payment saves $1,014 in interest over the life of the loan.
  • Adding just $10 to your December payment every year saves $1,039.
  • What if you get aggressive and add $25 to every payment? Guess how much you'll save? A whopping $18,216 in interest.

As you can see, paying a little bit saves you a lot.   Don't play the lender's game, play YOUR game and save.

This is just one idea how to save. The book has many, many more. To order .