savings: Savings Account = Principal Pay-down - 04/01/16 04:20 AM
One of the big banks has a voluntary program available that transfers $100 each month from your checking account to your savings account. In five years, the account owner would have over $5,000 because of a type of forced savings. 
Similarly, when a person buys a home with a standard amortizing loan, each month, a part of the payment is used to reduce the principal loan amount. Amazingly, over $4,000 would be applied toward the principal in the first year of a $250,000 mortgage at 4% for 30 years. In five years, the loan amount would be reduced by almost $25,000 through … (1 comments)

savings: Postponing a Purchase - 03/21/16 03:36 AM
You might be surprised how many people contact real estate offices because they want to buy a home but they don’t have the down payment or the credit to qualify. Occasionally, an agent will be working with someone who does have the down payment and credit but for whatever reason, decides to postpone the decision to purchase now for some point in the future.
It’s not uncommon that once they’re out of the market, the money starts burning a hole in their pocket and they end up buying a boat or a motorcycle or some other thing that cannot positively affect their … (0 comments)

 
Michael McGlynn -Buyers Like Mike!, Buyers Like Mike!....Find Out Why! (Re/Max The Producers)

Michael McGlynn -Buyers Like Mike!

Buyers Like Mike!....Find Out Why!

Omaha, NE

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Re/Max The Producers

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