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
GPS Tracking?http://www.gpsnannyproducts.com
This might not be the front page news but it... Read More
Finding a cheap home improvement loan can be a challenge... Read More
Many people fret the rising tide of interest rates. You'll... Read More
If you are looking to refinance in New York, it... Read More
Refinancing and Car Finance - Is it Worth It?No doubt... Read More
In many ways a commercial mortgage is just like a... Read More
There are several advantages to getting mortgage pre-approval before looking... Read More
A mortgage is a loan, usually from a bank, finance... Read More
Tapping your home's equity to pay college expenses, consolidate credit... Read More
We live in a society where people are losing their... Read More
When looking at tips for first time home buyers, you've... Read More
With escrow accounts the money for your home insurance and... Read More
The most common type of home equity loan is the... Read More
If you have bad credit history and are looking to... Read More
If you are considering a new home loan anytime soon,... Read More
An Interest Only Mortgage is one where the repayments are... Read More
I don't know what the mortgage situation is around the... Read More
Finding the right buy to let mortgage is crucial to... Read More
Most people approach the act of getting a home mortgage... Read More
I once helped a customer cut over $700 off his... Read More
A Self-Certification mortgage is a mortgage designed for people who... Read More
With an impending up-grade to the family due in a... Read More
Federal banking regulators have recently expressed some concern over the... Read More
Okay, you've decided to buy a home and are trying... Read More
Procuration fees paid by some sub-prime lenders are too high.Fact.There... Read More
Wanna know a little secret? There is an ingenious method... Read More
With the growing interest in real estate purchasing and speculation,... Read More
There are many mortgage products available on the market today.... Read More
People who are looking for a mortgage today have many... Read More
Mortgage Debt Elimination shows that most home loan debts will... Read More
Refinancing can be a very simple process. You fill out... Read More
Recently I was driving in my Car and I heard... Read More
The term 'mortgage' is assumed really controversial by people when... Read More
Whether you are a first time home buyer or a... Read More
Closing on a property is a very challenging time for... Read More
A pre-approved mortgage is a must in a competitive housing... Read More
Real estate lenders now offer mortgage loan quotes and application... Read More
Give yourself time to rebound. Whether you had to turn... Read More
The search for quick homeowner loans can seem futile at... Read More
Mortgage lenders have set up shop online, but they aren't... Read More
Online home mortgage quotes are very similar to the quotes... Read More
Are you thinking of buying a home? If so, then... Read More
Self-employed mortgages, as the term implies are mortgages designed for... Read More
Consumers interested in purchasing or refinancing a home will pay... Read More
If you've got a few things around the house that... Read More
One of the most important steps in the home buying... Read More
If you have a poor or bad credit history with... Read More
Applying online for a mortgage is very fast and easy.... Read More
One of the biggest reasons homeowners refinance their mortgage is... Read More
A remortgage can be used for the purpose of gaining... Read More
In many ways a commercial mortgage is just like a... Read More
Types of UK MortgagesYou may be wasting your money with... Read More
Have you been turned down for a home loan recently... Read More
An adjustable rate loan, most simply stated, means that your... Read More
When refinancing your home, it's helpful to know a few... Read More
There are many reasons to use the internet to take... Read More
Today's real estate market is a volatile one; prices are... Read More
When you are hunting for a mortgage, you will find... Read More
Sub prime lenders come in two groups: reasonable and unreasonable.... Read More
Whether you need some extra cash to pay off some... Read More
Are you in the market to purchase a home but... Read More
Whether you're looking to buy your first home, or trading... Read More
This is an excellent loan for those that are lacking... Read More
Interest rates on home mortgages are often quoted with and... Read More
First time home owners are sometimes surprised at the complexity... Read More
As interest rates have risen in the last six weeks... Read More
Mortgage Refinance |