Dollar a Day

FIND THE WORKBOOKS FROM THIS VIDEO AT

HTTP://TINYURL.COM/KIPWARZON

CLICK "FINANCIAL WORKBOOKS"

              

TEXT FROM VIDEO

Money Saving Minute #033 – Dollar a Day

What can a dollar a day do for you?  A dollar might get you a cup of coffee, it might 

buy a music download OR it could get you out of debt.  

As we all know, term loans and credit cards charge interest by the day.  By accelerating your payments by as little as a dollar a day, or $30.44 per month, a borrower will pay off their loans faster and save themselves money on interest.  Let’s take a look at a few examples.   

MORTGAGE

$150,000 financed over 30 years at 5% interest.  

In this example if a borrower were to faithfully pay an extra $30.44 toward the principle of the loan the borrower would save almost $13,000 over the term of the loan as well as have the loan satisfied over two years early.

AUTO LOAN

$20,000 financed over 5 years at 6% interest.

In this example, an extra $30.44 per month would save the borrower more than $250 over the term of the loan as well as have the loan satisfied 10% early.

CREDIT CARD

$2,000 balance at 18% assuming a $50 minimum payment

In this example if a card holder were to faithfully pay an extra $30.44 toward the principle of the balance each month the borrower would cut the time it takes to pay off the account as well as the interest paid by 50%!

There are workbooks available to help you calculate what a dollar a day will do for you and your financial health.  The workbooks and information are free so please help yourself to any that will help you.

Visit tinyurl.com/KipWarzon

Click “Financial Workbooks”

Homes for Heroes

              

TEXT FROM VIDEO

Money Saving Minute #032

Homes for Heroes

What is Homes for Heroes? Homes for Heroes is a National organization that works with regional lenders and real estate professionals to offer savings and rebates to heroes when buying, selling or refinancing a home. 

Who is considered a Hero?  Heroes are those individuals that keep our families safe, healthy and educated such as Military, Firefighters, EMT, First Responders, Police & Peace Officers, Educators and Healthcare Workers.  These benefits extend to their support staff and administration as well because without these people our Heroes couldn't do the work they do.

History of Homes for Heroes.  Created following the tragic events of September 11, 2001, Homes for Heroes® is the nation’s largest hero savings program.  They affiliate with Realtors® and lenders who agree to provide significant rebates and discounts to those who serve our nation and its communities every day.

For more information.

For specific details about the rebates and savings available to Heroes or to see if you qualify please contact Kip Warzon at 262-439-4241 or email KipWarzon@inlanta.com.  Information is also available at http://tinyurl.com/H4H-KipW.

Homes for Heroes; our way of saying Thank You.

Kip's Money Saving Minute #031 - Relax and Stay Motivated

“Nobody says you must laugh, but a sense of humor can help you overlook the unattractive, tolerate the unpleasant, cope with the unexpected, and smile through the day” ~ Ann Landers.  

This week's post explores how combining laughter with short breaks can help to make your day more productive.  I hope you enjoy and if you or anyone that you know needs help making sure that your mortgage is working in the most productive way give me a call.  Paying too high of an interest rate is no laughing matter.  I also offer first time home buyer seminars for those are considering buying a home in the future.

Money Saving Minute #031 – Relax and Stay Motivated

Study after study has been done to show that taking short breaks during the course of the day helps us stay productive.  In her article "To Stay On Schedule, Take a Break" Phyllis Korkki of the New York Times writes "A growing body of evidence shows that taking regular breaks from mental tasks improves productivity and creativity — and that skipping breaks can lead to stress and exhaustion."  "Mental concentration is similar to a muscle", says John Trougakos of the University of Toronto.  "It becomes fatigued after sustained use and needs a rest period before it can recover, much as a weight lifter needs rest before doing a second round of repetitions at the gym."

Even more studies have been done on the benefits of laughter.  Laughing reduces stress, increases endorphins, exercises your insides, helps to bring focus away from negative emotions to promote a more positive mood and helps to provide a boost of oxygen to the brain.

Which leads to the most recent article that we found which said that by taking a short break in the afternoon to read a cartoon, look at a few funny photos or watch a humorous video may help to promote PM production. 

With that in mind, here is your production boost for the day. (PLAY VIDEO)

Money Saving Minute #030 – Mortgage Insurance Options

Mortgage Insurance Options.  FHA is changing their mortgage insurance requirements.  Now is the time to have your mortgage reviewed to see if you are in the best position.  Click play for more information.

TEXT FROM VIDEO

Money Saving Minute #030 – Mortgage Insurance Options.  Last week we talked about the changes that FHA will be making to their annual mortgage insurance premiums.  It was mentioned at the end of the video that there are other options available.  Mortgage insurance is available for conventional loans for borrowers with less than 20% equity.  The difference is private mortgage insurance carriers have competition so the rates are often better than FHA.  Private mortgage insurance is also prorated to the amount of equity that you do have in a home.  Finally, private mortgage insurance will have payment options such as monthly, onetime payment or split premiums.  If you are currently paying mortgage insurance or have been in an FHA loan for several years now is a good time to have your mortgage reviewed.  Take a look at all of your options and make sure that you are in the best loan product before rates and programs change.