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Mortgage Reduction Solutions


USA ECONOMIC CONDITIONS

Today's sluggish economy has left millions of people struggling to financially make ends meet. Lou Dobb's coined phrase "Assault on the Middle Class" continues. Virtually every corner you turn screams inflation and rising expenses. The sky-high cost of fuel and other commodities is ultimately passed to us weary consumers. Salaries once adequate for providing comfortable family living are now stretched to the limits, leaving many people in search of additional income sources to help bridge the gap.

LIVING EXPENSES

If you look at major expenses in the average person's life, it's easy to identify mortgage or rent obligations at the top of the list. Home ownership is one of the biggest living expenses and frequently the hardest to obtain.

According to the the Federal Housing Finance Board, and data analyzed from over 23,000 home loans from over 75 lenders, the U.S. national average purchase price for a single-family home reached $264,540 in October 2004. This average is up from the $243,756 average for October 2003.

A $260,000 home loan financed at 6% interest will cost the consumer an estimated whopping $301,179.29 in interest over the course of 30 years. Shorten this loan to 15 years and the home owner will be paying an estimated $2,200.00 per month with approximately $135,000 going to interest. These figures do not include taxes and insurance estimates so the actual costs are even higher.

With figures like this it's no wonder people are working their butts off just to have a roof over their heads to protect their family and loved ones. Day after day they continue the grind: up early, work hard, stretch the budget, work, work, work, and work some more. Then along comes payday and... YIKES! Lots - if not most of that hard earned money needs to be set aside for the dreaded mortgage payment. If only there was an easier way!

MORTGAGE REDUCTION & FINANCIAL FREEDOM

Lots of people dream of increasing their wealth and the ability to pay off their homes and live mortgage free. Now, more than ever, people are turning to network marketing opportunities to reach these goals.

For some the dreams of financial stability turn to reality but for many others it remains just a dream. Financial freedom doesn't come from osmosis or wishing, you have to get out there and FIND IT! A current search on Google for 'home business opportunities' produces about 125,000,000 entries. Do all these entries provide income combined with an innovative mortgage reduction solution? Absolutely not!

© 2005 Equity Zip Financial - All Rights Reserved

Okay to reprint article in its entirety with author bio/sig box in tact. Please keep all links active and although not required, a courtesy copy is appreciated - thanks.

Equity Zip Financial
"No More Fret - I'm Out Of Debt!"
Green Bay, WI
888-300-3947 (EZIP)
equityzip@new.rr.com
http://www.equityzipfinancial.com-Consumer Credit Restoration
http://www.equityzip.com-Inverse Mortgage Program
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MORE RESOURCES:

MonitorBankRates.com

Steps to get Mortgage Refinance Approval
Seeking Alpha
In the climate running with the fall or low interest rate it is a high time to plan to Mortgage Refinance deed. Unless your mortgage is very new it is ...
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Looking For Best Mortgage Refinance RatesPressemeldungen.at (Pressemitteilung)
Steps to Get the Best Mortgage Refinance Deal and Have a Happy ...Pressemeldungen.at (Pressemitteilung)
Pressemeldungen.at (Pressemitteilung)
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Reuters

Obama's Stimulus for Mortgage Refinance and Loan Modification
Pressemeldungen.at (Pressemitteilung)
Fannie Mae and Freddie Mac is the powerful government mortgage refinance lending agencies would refinance the home loans of all the owners who owe much more ...
Fannie, Freddie ease terms for mortgage refinanceReuters India
Obama Seeks To Refinance More Underwater MortgagesStreetInsider.com (subscription)
Fannie portfolio jumps 35 pct, delinquencies mountReuters
Bizjournals.com -San Francisco Chronicle -Bloomberg
all 433 news articles »



Residential Finance Corp. Wins Stevie Award in 7th Annual American ...
FOXBusiness
Now we continue to grow, and seek to add more high-caliber mortgage refinance professionals to our award-winning sales department. ...
ARAG Wins Stevie Award as Customer Service Team of the YearPR Web (press release)

all 11 news articles »


Northwest Asian Weekly

Mortgage Refinance - Reasons to Avail Refinancing Facilities
Pressemeldungen.at (Pressemitteilung)
There are many reasons why individuals opt for refinancing options and avail mortgage refinance facilities. The interest rate imposed upon a mortgage is ...
Mortgage Insurer PMI Broadening Loan-Modification EffortWall Street Journal
Homeowner Toolbox Finds 80% of Homeowners Denied a Loan Mod for ...MarketWatch
Mortgage Refinance - Full GuidancePressemeldungen.at (Pressemitteilung)
Pressemeldungen.at (Pressemitteilung) -Pressemeldungen.at (Pressemitteilung) -Pressemeldungen.at (Pressemitteilung)
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Pressemeldungen.at (Pressemitteilung)

Debt Consolidation Mortgage Refinance - Pros And Cons
Pressemeldungen.at (Pressemitteilung)
In the case of debt consolidation mortgage refinance, many pros and cons can be taken as legitimate selling points. Reduced monthly payments – The most ...

and more »


Valley homeowners don't find much help in Obama rescue plan
ABC15.com (KNXV-TV)
SURPRISE, AZ -- Tara Holtorf is so upside down on her Surprise home, she's too afraid to even calculate the percentage. She's been trying to refinance and ...

and more »


MonitorBankRates.com

Mortgage Application Volume Down 19%
Worcester Business Journal
Home loan applications volume fell by 18.9 percent last week, according to the Mortgage Bankers Association. The week-to-week decline ...
Mortgage Rates: Current Mortgage Rates Decrease in the Latest SurveyMonitorBankRates.com

all 115 news articles »


Boston Globe

MBA: Mortgage applications rise 6.6% Business First of Louisville
Bizjournals.com
After four weeks of declines, the demand for home loans rose last week, giving rise to further speculation that the real estate downturn may be easing. ...
Trade group cuts mortgage volume forecast for 2009The Associated Press
Mortgage Applications Climb From 7-Month LowABC News

all 224 news articles »


HispanicBusiness.com

Analysts Estimate Potential Refinances Cut Nearly In Half Since March
NuWire Investor
The number of potential refinances in the mortgage market has dropped significantly since March, mostly due to climbing mortgage rates. ...
From the Los Angeles TimesChicago Tribune

all 34 news articles »

Google News

 

 

  
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