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I thought I would do something way off my normal subject. Sense most of us here are having financial problems I thought this would be a good post to put out. There is so much to be saved while grocery shopping by using coupons and there are so many different ways to use coupons.  Recently, while reading a magazine, I found out that there are web sites where you can load coupons onto your member cards, like your safeway and albertsons card.  Then....when you use your member card you also use paper coupons which then get's you double disscounts!  A few sites you can use are, http://shortcuts.com/ and https://lty.s.upromise.com/secure/ecoupon/eCouponHome.do

This is sooo awesome!

Now one of the hard things about doing coupons is it is sometimes hard to keep track of them because the goal with coupons is to collect as many as you can and only use the ones that result in super sales when the sales come.  For example, I had three different coupons from three different weeks newspapers, one was for $2.00 off 2 boxes of crystal light packets, one was for $1.00 off one box and the third was buy two get one free.  This meant that I got three boxes of crystal lights for $1.00!   If you think that this is hard to keep track of, which it is, you can pay someone to do it for you.  There is a web site called the grocerygame.com that does the work for you!

Most of you that have a mortgage are not aware of how much dropping your interest rate can truelly save you.  I would like to share some information with you guys that shows you just how much lowering your interest rate can truely save you. To do this I am going to use a base loan amount of 150,000.00 and a starting interest rate of 6.5% and a term of 30 years.  For this senerio your mortgage payment (just your principal and interest, do not compare with taxes and insurance because those are the same where ever you go) would be 948.10.  I am going to show you how much your payment would drop by lowering your interest rate in intervals of a quarter percent.  Most people beleive that you should only refinance if you can lower your interest a full percent but this is not usually the case.

Starting Payment 948.10 

6.25% - 923.58

6.00% - 899.32

5.75% - 875.36

5.50% - 851.68

5.25% - 828.30

5.00% - 805.23

LOOK AT THE DIFFERENCE! The difference is huge!  If you think about savings in a hole you are saving almost 20 each time you lower your rate by a quarter of a percent, now this might now seem like a lot but....what if you multiple 20 by 360 (the number of months a normal 30 year mortgage is) that's 7,200! just for a 20 difference.

So here is the best part about refinancing.  Let's say that you started with 150,000 for your loan amount but sense you started your loan you have paid it down 10,000.00 so you owe 140,000.00 with an original interest rate of 6.5%. Now let's see how much of a payment difference each of the above interest rates makes.

6.25% - 862.00

6.00% - 839.37

5.75% - 817.00

5.50% - 751.55

5.25% - 773.08

5.00% - 751.55

So let's see if I can help this make sense.  In the first examples of payments I showed you how much lowering your interest rate by .25% could change your mortgage payments.  In the second examples I showed you how much lowering your loan amount by 10K and your interest rate by .25% each time could do.  To sum this up, you can safely estimate that for every 10K you lower your loan amount by you are saving $61.58.  With this you can make a guess as to how much you will save just by how much you've paid off your loan sense you started it.  10K - 61.58, 20K 123.16, 30K 184.74, and so on. 

So really quick, and then I'll be done, let's say that you started with 150,000 and you've paid off your loan to 140,000 and you decide to refinance and at the time you can get it to 5.5%.  You're original payment was 948.10.  Your new payment will be, roughly, 751.55 for a total savings of 196.55!  But, it's going to cost around 3,000 to do the refinance (mind you that you can add this into your total loan amount, thus not having anything out of pocket).  Does this refinance still make sense?  The answer, YES! If you figure you are saving 196.55 each payment and it's costing you 3,000 to do that; if you divide 3000 by 196.55 it equals 15.26 this means that in just under 16 months you will actually save up the 3,000 that it cost, from month 16 on up for the next 344 months you will be saving 196.55 each month for a grand total savings of........67,613.20!!!!!

This is why I love my job!  To be able to save someone that much money is amazing!

IT is great that there are companies out there to help people that are TRUELY in need and it is too late for any other option.  I want you all to know that if you are just now starting to feel the stress of bills and mortgage payments being too high then you need to act right away on fixing the mortgage problem.  I am a mortgage rep for a highly repitable mortgage company, you can click on my web site to see which one (i'm not sure what I can and can not say to be in compliance with our company policies). However, this is what I can tell you, if any of you out there need to refinance and you currently have an FHA or VA loan there are some great refinance options available that include being able to refinance without income verification or a credit check.  This is huge for anyone that has lost there job or had a decrease in income. Please, don't wait until it's too late to get help.  Visit my web page and come to my page and ask some questions.  I don't mind just being able to help with answering questions.

If anyone is out there that needs help with their mortgage I might be able to help.  I can look at refinance options with you.  There are several different programs that work well for people of all different types of financial situations. Anyone that wants to refinance can visit my web page and apply on it, this in turn would help me out with my financial problems.

So I guess this is where I try to make all you interested in me!  Well that is normally easy for me to do because I never Shut Up and everyone knows everything about me after they meet me.  Well first off I am a mother and love it!  I have two beautiful kids and a pretty ok husband that drives me crazy most of the time, but you still gotta love him.  I work for a highly repitable mortgage company, you can see my web page by clicking on the link.  I love family work and play.  The most rewarding part of my job is the fact that I get to help people buy their first home or help someone get out of trouble with their current mortgage.  We each get to help eachother out.

I love what this site does for others and I hope that I might be able to help some of you out.  I too am in financial trouble because of the current economy.  I would love to help any one that needs help which in turn would help me out financialy.  Thanks all for your interest!