10 40 mortgage

10 40 mortgage
The most powerful weapon

No doubt, the current account mortgage is a powerful weapon for a homeowner. It allows you to review a financial genius and can change your life around. It is a simple tool that allows you to pay a mortgage less than you are interested in and you can find the interest "savings" to pay off your current mortgage, free of extra cash, go on a vacation ...

But!

It is a small challenge ...

The banks do not want you to pay your mortgage early. Therefore, they are at the end, the functions and will try to punish you for this account.

Here is the dilemma ...

If your mortgage account is not correct, you can at the end more money in the bank fees than you had originally saved. In fact, I have personally seen more than 37 customers, their mortgage account, savings, but begins at the end worse than follow the "hidden costs" and not only the payment of their normal monthly mortgage payment.

John's costly mistakes

I had one customer, John, was enthusiastic about the use of the mortgage account. Before meeting me, he read an e-book, in his excitement, calling the bank and the mortgage checking account immediately. The bank assured him that the account was correct, and he went.

Within the first month, John had bank charges well over $ 350 He soon recognized the interest savings, which he controls with the mortgage has been completely destroyed by the bank charges and he ended up at the end of paying more to the bank more than he had.

He was angry and by chance happened to me speak. I knew exactly what went wrong and after an analysis of his statement, we were able to show some of the error:

1. The bank charged him $ 20 every time it is money from his bank account mortgage.
2. It was $ 5 each time he has an online bill payment from his account
3. He has additional fees that are part of the standard contract, and of course, nobody has it, he had the opportunity to drop these charges at any time he wanted. Knowing this simple piece of information stored, it could be about $ 235 per year.
4. The bank froze his account after 3 months of use.

Just stop and imagine for a second when your entire financial life is in your account and your account will be frozen.

And that was just the tip of the iceberg.

As you can imagine such a large amount of pain and disappointment. He went from the excitement around the house of pain within three months.

Make sure you're in a critical period before your mortgage account. This step alone solve 80% of all problems with your mortgage account.

The key is to recognize that your current mortgage is not a traditional bank account, but it must be properly adjusted so that it was a current account. If not, this could cost hundreds of dollars.

I still agree that the mortgage-control is the most powerful tool and give you an unfair advantage to generate a large portion of the savings if these techniques properly.

You do not have to discover these costly errors by trial and error.

There are a lot of contradictory information on the mortgage account, and how to correct this account. Jump directly to http://www.eqxl.com/acceleratorcalculator and a quick calculation to find out how much you can save. I will give you a list of the mortgage checking account mistakes to avoid.