1. Keep all sales receipts and create notes to record payments made without receipts. Drop them into a coffee can or plastic jar or a space designated for receipts. Each time you get a paycheck (or once/month) add up your spending. Sort receipts and notes by expense category. Then regularly total amounts of what has been spent in a category to determine how much is needed in that category each week, or whether spending could or should be reduced.

2. Keep an account book by expense categories.

3. Use envelopes or folders for each category of expenses with an amount of money allocated for expenses for a set period of time, like a month. Record dollar amounts on the outside of the envelope or folder.

4. Pay all bills by check and keep running tallies of how much is left in the allocation for each category. This makes a record system in the checkbook. If it often seems that only particular categories of expenses are the problem, you could monitor only the categories that cause the problems.

5. “Sticky notes” can be posted on credit cards with a notation of the maximum amounts that can be charged on that card. Subtract amounts of expenditures added to the card as you make purchases.

6. An informal method used by some people is the checkbook balance, as a guide to patterns of expenses. If the balance drops below a particular amount, it is an alert to potential problems.

7. Use a budget partner for problems that seem to be spending addictions. Establish a household rule that the expense has to be verbally justified to the budget partner before any expenditure on those items can be made. The budget partner’s role is to ask questions to bring greater understanding of consequences of any expenditure rather than telling the person what to do.

8. Keep Log of “financial emergencies” to determine what they are, what triggers them, and then think of ways to avoid them.

9. Purchase inexpensive computer software designed for electronic record keeping. Be sure to back up your records frequently.

10. Carry a small notepad in your purse, car or pocket to jot down spending.

HOW TO LIVE WITHIN A BUDGET…

Controlling spending is one of the most important habits that a person must exercise in order to ensure not only future, but any kind of financial success. Sadly, today most people are convinced that they need much more to live on than they truly do.  The idea that we need more, in our never ending quest for happiness, drives us to make unplanned expenditures, and debt is the result.

The first thing that could be done to avoid overspending is to develop a budget. This budget should be put in writing, and strictly adhered to. It should be checked several times a week, in order to make sure that you are on track. There is something about having a written plan that makes it easier to consult as an authority than holding it in your head.  It also helps to work with a spouse, partner, or third party consultant that can serve as your “conscience”.

Most uncontrolled spending is the result of impulse buying and lack of planning. One must understand that retailers, restaurant owners, and other service providers are all aware of this. These companies actually count on emotional spending to keep their business profitable. Just because an item is on sale does not mean that it is a bargain, like the lady who started smoking while on holiday in Asia because the cigarettes were so much cheaper than in the US.  A bargain you don’t need is not a bargain at all.

Ask yourself, if what you already have will do the job properly or even well enough. If the answer is yes, then apart from the media induced lust for the newer, better shiny version, there is really no reason that you need to spend more on a new one. Often times people will buy the future, only to find than an item has become obsolete no sooner than it is bought, this is an unfortunate and unnecessary waste of money. As much as we all enjoy it, eating out is an added, unnecessary expense. Of course it is fine to treat yourself once in a while, but not every day. Bring a bagged lunch. Remember, this does not mean you have to eat a peanut butter and jelly sandwich for lunch every day. On the contrary, use last night’s left over dinner to create a spectacular and delicious lunch for the next day, which will so often be better for your health. Eat lunch at the office and then go for a walk. Your waist line and your check book will both thank you for it.

Turn off the lights, turn down the heat, and only purchase what you need today. Ask yourself “if I don’t pick up this item today, will I have to come back and get it tomorrow?” These are a few of the habits worth developing which help to control spending habits. Plus, if you have been previously undisciplined in using a credit card and chalked up plenty of debt, it may be time to locate the scissors and apply for a Pre-Paid Credit Card instead of the traditional “spend what you don’t have” type.

HAPPY CLIENT TESTIMONIALS…

Before I got married to my husband I was in a lot of debt. I had been on my own since I was 19 and had purchased things on my credit cards just to get by. When I got married my husband and I decided that we would both claim zero dependents on our W-4’s so that we could get a refund at the end of the year. When we get the refund each year we put it in an account that pays off something we may own on, like my new car payment (I had my old car for 10 years). This year we may put our tax refund toward helping to pay off our student loans. The best advice I can give is to live below your means, track every dime that goes out the door, and work together as a team.  It is too hard to do it alone.
_______________

My husband and I did not have much money saved up before the birth of our son 2 years ago. So, therefore, when I went on maternity leave, we racked up a lot of debt on our credit cards. Soon after, we refinanced our mortgage and used some of the equity to pay off the credit cards. However, not long after we refinanced, our credit cards were maxed out again and we both bought new vehicles both with $500 monthly payments. We were in a bind again, but I kinda had a wake up call in July 08.

I made a budget on an Excel spreadsheet and I decided to get our act together. We stopped our impulse buying and eating out. We started picking up side jobs and we sold unused and unneeded items on ebay and yardsales. I took up using coupons and watching sale ads for bargains. We tracked all of our spending and put all of our efforts into “fixing holes” and focused all our energy on one debt at a time. We had two of our credit cards paid off by the following December and we were able to pay for Christmas without using credit!! This year we have started a few savings accounts and we were able to remodel our bathroom and kitchen (on a tight budget & doing all the work ourselves, of course) with the money we have saved. I plan to have our two vehicles paid off in a year and a half by paying extra on them every month.
_________________

We are getting so close to being debt free (excluding our mortgage). We used our tax refund this year to pay of our line of credit and haven’t used it since! We just this month paid our credit card balance off in full. I’m so excited to get my bill next month and to see it say, “amount owed….$0”.  Whoo hoo! I haven’t had a zero balance on my credit card since I was 16 years old. Just to imagine the interest that I have paid makes me ill. I will never charge more than I can pay off at the end of the month again!  Big lesson learned. Now all the money that I was paying on those two bills are going toward finishing off our car payments. They should be gone by spring. So next years tax money won’t have to be earmarked toward paying off our bills. I can’t even imagine what that will feel like.

How did we do it?  We stopped looking at ads because we realized they were making us spend.  We worked together as a team.  We stopped eating out.  We tried to spend a month “on paper” before it actually started.  If our spending came in under our estimate, we rewarded ourselves with a treat (and we even budgeted for that).

I’m really excited (you probably couldn’t tell….lol).
______________

Before we were introduced to the principles you’re teaching, we didn’t think that our financial situation was that bad.  We had a little bit of credit card debt (from lack of an emergency fund), a car loan, and student loans.  No big deal right?  Until you add it up and realize that you have $23,000 of debt on a $39,000 yearly salary.  So we went crazy and paid it off… in 26 months.  Yes, that’s nearly $1000/month that totally went to extra principal.  How did we do it?

We decided that this was going to be our mission, and that we would not rest until it was done.  We estimated it would take us 3 years, but we did it in less.  It got to be a total passion of ours.  We figured there was no better way for us to invest than in becoming debt-free, so we even stopped retirement contributions to focus everything we had on the debt.

I can say that there is more than an economic benefit to being done with debt.  It just plan feels so good!

We got on a budget, and then my husband took on (a lot of) extra work while I kept things going on the home front. I am amazed and shocked that we could do it so fast!  It took a lot of sacrifice and doing without, but we rewarded ourselves when the credit card was paid, when the car was paid, and when the each of the 3 student loans came off.  I want to encourage others to keep it up and kick debt out for good! Now on to the emergency fund!

- – - – -

Hope you enjoyed the 2011 January No More Mortgage Newsletter.

Related posts:

1. November 2010 NO MORE Mortgage Newsletter
2. NO MORE Mortgage: Budgeting Tips for New Budgeters
3. Customer Reviews

Two-thirds of Web surfers fall prey to online crime….

Most of us now purchase online, the following study results are worth taking a second look. Note that half the cases never get solved.

The average amount of time spent to resolve a cybercrime and the average cost vary from country to country, according to the Norton study. About two-thirds of Internet users globally and nearly three-quarters of Web surfers in the U.S. have been victims of online crime, according to a study to be released on Wednesday.

The top countries as far as reported victims are China, Brazil and India tied for second, and then the U.S., according to the findings of the study, titled “Norton Cybercrime Report: The Human Impact.” More than 7,000 adults in 14 countries were interviewed for the study. While one-quarter of respondents said they expect to be victimized by online crime, only half said they would change their behavior if they became a victim. Of those who have been victimized, 44 percent reported the crime to the police. It takes an average of 28 days to resolve a cybercrime and costs on average $334, the report found. One-third of respondents who were victimized said they never fully resolved the matter. Computer viruses and malware are the most common types of online attacks, with 51 percent reporting being impacted by them, followed by 10 percent hit by “online scams,” 9 percent by phishing and 7 percent each for social network profile hacking, online credit card fraud and sexual predation, according to the report.  Read more on CNET.

Here is the economic statistic of the month…

The chart tells its own story. This means one home in seven is now at least 30 days delinquent on their mortgage payment, and it’s obvious where the increase is coming—from those who are late more than 90 days or in foreclosure. This is due to continuing under and unemployment, and it won’t change until people get back to work.

Health-care Answers to seven questions about new rules…

Parents who want to add their adult children to their health plans are about to get some relief as the health-reform provisions kick in on 9/23, six months from when the landmark Obamacare health insurance bill was signed. Many of the changes are meant as a bridge until 2014, when for the first time health plans will be available, with subsidies for those who can’t afford it, in a new insurance marketplace; most individuals will have to have coverage or face a financial penalty; and insurers won’t be able to reject applicants who already have health conditions. Even though this first wave of the health overhaul’s significant changes takes effect for most health plans Sept. 23, many Americans won’t be able to reap the benefits until January at the earliest because the law applies to new health plans begun or renewed on or after Sept. 23.

Here are answers to seven common questions, based on interviews with health-policy experts.

1. What is a grandfathered health plan? Some employers and insurers may make only minor changes to their health plans so they don’t have to comply with all the new regulations right away. These are so-called grandfathered plans, and every year the law makes it harder to be one. Employers and insurers are supposed to disclose in writing if their health plans have grandfathered status. If you’re unsure whether your health plan is adopting the new rules, ask if it has grandfathered status.

2. What new benefits apply to both grandfathered and new health plans? There are three major new benefits that apply to both kinds of plans. Health plans that place lifetime dollar limits on the benefits they potentially pay out on behalf of a member will no longer be able to impose such limits. Right now, those lifetime limits can be low in some industries and types of coverage. All health plans also will be banned from excluding children under age 19 because they have preexisting health conditions. And they can’t retroactively cancel your coverage if you get sick, a practice known as rescission that became a problem in the individual health-insurance market.

3. Are annual benefit limits still allowed? Yes, but the thresholds get higher each year before they completely disappear in 2014. For new group health plans, the minimum annual limit on how much a health plan has to pay out in benefits rises to $750,000, but cash-strapped small employers can apply for a waiver. While some seriously ill patients still may find the $750,000 annual limit a hardship, this policy change, if applied broadly, would meet many cancer patients’ needs.

4. What’s changing with preventive care? For new health plans, preventive-health services that have proven effective with a grade of “A” or “B” from the U.S. Preventive Services Task Force will be available to consumers without cost-sharing, making them effectively free to the patient. That includes routine immunizations and screenings such as those for breast, colon and cervical cancer. Smoking cessation is also covered, but it’s unclear how many counseling sessions would be free of cost-sharing. Plus, since the task force makes recommendations for people at average risk of diseases, those deemed high risk still may have to pay a copay for screenings their doctor prescribes. Questions remain about how patients can claim the benefit in some cases. But the change will help people who currently forgo routine screenings because of out-of-pocket costs.

5. Can I add my adult kids to my health plan? In most cases, parents will be able to add or keep their adult children on their health plans until those children turn 26, regardless of their educational, marital or dependent status, and health plans can’t charge more for them than other dependents. Most employers today only cover children to age 23 if they’re in school or 19 if they’re not in school.

6. Will I have any more recourse if I need to fight an insurer’s decision on a claim? Yes. New health plans will have to open up a second level of appeal through an external third party. Today health plans and employers have an appeal process they manage if they have someone who feels their claim was wrongfully denied. New plans will have to have an external appeal process that would potentially override the first-level internal decision.

7. Will my health-plan costs rise because of the new benefit requirements? Probably, but the additional cost will take different forms. A recent survey of large employers from the National Business Group on Health suggested the new rules related to health reform will add about 2% to the cost growth projected for their 2011 health plans. Many employers are scouring their plan designs for ways around cost problems. Because almost all of the reforms that hit early are in the form of benefit mandates, establishing minimum standards for benefits, this will raise cost for employers who do this without cutting somewhere else. Most employers are looking to keep their costs even or mitigate their cost increases by implementing other changes at the same time. It appears that was already happening before health reform became the law of the land. Thirty-eight percent of large companies said they reduced coverage or raised co-pays in their 2010 health-benefit offerings, up from 22% who did so in 2009, according to a survey released earlier this month from the Kaiser Family Foundation. What’s more, 36% said they increased the workers’ share of the premiums this year, up from 22% who passed on a bigger share of the premium last year.  Read More at MarketWatch.

Featured Article:  Overcoming the Urge to Splurge with NO MORE Mortgage

Since 1996, NO MORE Mortgage has been helping thousands of clients across the country reach the path to financial security. Our comprehensive approach to professionally managed debt elimination, combined with ongoing financial education, provides results to NO MORE Mortgage clients who enjoy interest savings of $20,000 to $200,000 or more. Find out how you can eliminate all of your debt, including your mortgage, in as little as nine years, without harming your credit!

For more information and to get a FREE audio CD call NO MORE Mortgage today. 1.800.285.9102

Will the NO MORE Mortgage Financial Plan work for me?

To find out if you qualify today! Find out what thousands of satisfied NO MORE Mortgage clients already know about taking control of their finances, and using the power of reverse compounding interest to beat the banks at their own game! NO MORE Mortgage Representatives are standing by to answer all of your questions about our program, including how soon you will be debt free, and how much money you will save in interest!

Related posts:

1. NO MORE Mortgage and the Federal Government
2. Why Americans Can’t Afford to Retire
3. NO MORE Mortgage: Budgeting Tips for New Budgeters

NO MORE Mortgage specializes in assisting clients who are able to meet their monthly debt obligations.

Sometimes when financial reversals hit, or spending has simply gotten out of control, we are forced to admit that our financial inflow is not equal to our outflow.  We are simply spending more than we earn.

If this trend is not stopped, and credit cards are maxed out, and there is nowhere else to borrow money, the ultimate consequence is that our finances “hit the wall,” and we simply run out of cash.  We are insolvent.

If you are reaching a “breaking point” similar to the one described above then NO MORE Mortgage may not be the answer for you. There are, however, three main solutions that can be considered.  One is bankruptcy.  Another is Debt Settlement.  A third is consumer credit counseling.

NO MORE Mortgage is not a credit counseling firm.  There is a big difference between NO MORE Mortgage and the other debt elimination categories described above.

• NO MORE Mortgage does not handle client funds.
• NO MORE Mortgage does not negotiate with creditors to lower balances, interest rates, or monthly payments.

If you are considering credit counseling be sure to spend some time researching your options before signing up with an agency that you do not know much about.  Most people are not familiar with their options and the programs available, and when money is tight, emotions are usually running high, and it’s easy to make a bad decision.

There are many credit counseling agencies to choose from.  Knowing what to look for is key to your success.  Reputable agencies will provide you information upfront about their company without you having to provide any of your own personal identifying information.

Your task in choosing the right agency is to be sure that you do your homework. NO MORE Mortgage can help you make the right decision.  Here are our recommendations:

• You should interview at least two agencies.
• After you receive your initial consultation, you should contact the Better Business Bureau or your State Attorney General to see if there have been any unresolved complaints on the agency.
• Be sure the agency is charging you reasonable fees (not more than $50/month for a debt management plan).
• The credit counseling agency should be non-profit.
• The agency should have been in business for at least five years.
• The counselors at the credit counseling agency should be certified by an independent organization.
• The agency should be accredited.  The two major evaluators are the International Standards Organization (ISO) or by the Council on Accreditation (COA).
• The agency should be a member of one of the trade associations: either Association of Independent Consumer Credit Counseling Agencies (AICCCA) or the National Foundation for Credit Counseling (NFCC).
• The agency you are considering should be licensed and bonded to do business in your state.  This is an absolute requirement for your protection.
• The agency should be willing to waive or lower fees if you simply can’t afford them.
• The agency should spend a reasonable amount of time for your initial consultation. At least an hour is needed.
• The agency should provide you with a written budget based on your personal financial situation.

One of the most important points is to be sure that the agency offers free education to help you learn how to manage your finances. They should also provide you free ongoing education while on the debt management program, or even if you decide that the program is not right for you.

If an agency is not willing to answer your questions or you feel that the answers are not satisfactory, call someone else. NO MORE Mortgage can help by referring you to honest and effective agencies that we have dealt with for many years.  We get no referral fee or kickback for this service.

We know that when we get you to the right people to help you through your financial crisis, that you are likely to return to NO MORE Mortgage for help with eliminating the rest of your debt, including your mortgage.

Related posts:

1. Overcoming the Urge to Splurge with NO MORE Mortgage
2. 5 Evil Things Credit Card Companies Can Still Do
3. Are your emotions affecting your spending and building your debt?

NO MORE Mortgage - Helping others for over a decade.

We all have parts of our lives or personalities that we would prefer to keep to ourselves. When you get married, your financial position is not one of these things. It is intimately tied to your future with your partner. The rest of your lives will be affected by how you come together to set financial goals. Money has perhaps one of the largest effects on a relationship, and is often the real root of various other problems, not to mention a leading cause of divorce. You need to take control of your money before it takes control of you. You need to be open if you want to wipe out your debt and have no more mortgage payments years ahead of time.

Don’t avoid discussing your finances and your future goals. Make this a regular thing you both discuss and participate in. Set a goal of when you would like to be debt free and have no more mortgage payments. Being open about your money may even open up other areas of your relationship that need discussion. And relief from the stress that comes from having no more mortgage or other debt will help you further focus on what matters most, your relationship.

It’s always hard to kickoff a new habit, but discussing personal finance concerns is a habit that needs to be developed. If you and your spouse didn’t talk about your financial position before you married, don’t wait any longer. Set a goal for the date you would like to be able to pay everything off and have no more mortgage payments. Work towards a retirement where you can enjoy being together and not having to worry about debt.

Here are some tips on good communication.

-    Find a good time to talk about your financial situation in a relaxed environment. Make sure you sit down and talk about your finances regularly, before something becomes an issue. These brief, consistent conversations can help keep the two of you on the same page.

-    Stay on topic. This conversation is when you need to focus on your finances, and not get caught up in another issue. (However, those should probably be discussed as well. You will make more progress if you stick to one matter at a time). If you make a goal to have no more mortgage payments, or other debt, earlier than it would normally take then you now have a goal to work towards together. Your success in achieving your goal comes as you work as a team.

-    Understand that you may need to compromise. You could find that one of you is a natural born saver and the other has a habit of inordinate spending. Or maybe you are both spenders and wish the other would be a saver. Whatever your role is in the relationship, don’t assume that you’re right and the other is wrong. Budgeting and managing finances lucratively will take work on both of your parts and you will need to make decisions together. Retiring with no other debt and no more mortgage payments may not be easy to accomplish, but the rewards are great.

-    If you want to achieve something you have to be honest with your spouse and with yourself, too. You both came from a unique background, with families that had their own financial values. You need to figure out what your financial values and goals are, and then incorporate them into a common financial plan. A plan to eliminate your debt and retire early with no more mortgage is a good place to start.

Like most habits worth developing, practice makes perfect. It can be tough to start the money conversation, but it gets simpler as you go along and just brings you closer. Once you start talking about your personal finances together, you’ll start setting, and later achieving, your goals together. Set a goal to retire early with no more mortgage or any other debt, and focus on achieving your goals.

Watch this short video of a NO MORE Mortgage adviser talking about working with clients.

Your friends at NO MORE Mortgage.

Related posts:

1. Do you own your home?
2. Stop Arguing with Your Spouse About Money…Hold a Weekly “Money Huddle”
3. NO MORE Mortgage: Is using a mortgage consolidation loan really a good idea?

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Learn more about personal debt and finances, along with how, for over a decade, we’ve been helping our clients get on the path to becoming debt free.

You’ll also get to see some past NO MORE Mortgage clients on video telling you how much our program has changed their financial future.

You can subscribe to our RSS feed by clicking on the RSS button up in your browsers address bar or by clicking the RSS button at the lower right.

You can also get your own free audio CD on how you could eliminate your debt in a fraction of the time it will take you now. Just fill in the box at the top right of this page and we’ll get the audio CD right out to you.

Your friends at NO MORE Mortgage

Related posts:

1. NO MORE Mortgage Video
2. NO MORE Mortgage: You need to think a little differently now.
3. Are your emotions affecting your spending and building your debt?

You need to begin somewhere, and that somewhere is to have a goal, and for each goal a strategy.

One strategy to help eliminate all of your debt is to use a mortgage to consolidate debt. It sounds sort of strange to use a mortgage to get rid of your debt and the mortgage itself but it can actually be a very wise and effective strategy. NO MORE Mortgage urges strong caution when considering a consolidation loan, however, because it can also have the potential to leave you in worse financial shape than when you started. Let’s take a look at the positives and negatives, and some things you need to know if you consider using this strategy.

Using a Consolidation Loan to Achieve Debt Freedom and NO MORE Mortgage

If you are a homeowner and can qualify for a home loan to consolidate your personal debt, you may be able to get a loan for the purpose of paying off your credit cards, automobile loans, and other debts. That’s what you’ll be told. You need to realize that this approach doesn’t actually pay off the debts in the loan. You are really just relocating the debts to the mortgage consolidation loan and there is good and bad involved in that.

You could get a new first mortgage for this strategy. Or you can do it as a new second mortgage which does not impact the terms on the current primary mortgage. Today it is harder to get a second mortgage and the rates are generally higher than on a first. You generally aren’t looking for a second mortgage unless you can’t refinance your first, or primary, mortgage.

So what are the positives for using a mortgage in a consolidation (no more mortgage) strategy?

1. You could get an improvement in your monthly cash flow right away. If this is done right, you should end up with an improvement in your overall debt payment thanks to a smaller mortgage payment. You aren’t making the payment on the debts you “paid off” in the new mortgage anymore (more on that later) which is where you’re saving money every month now. You should see a significant difference between payments on the new loan versus the old loan (plus the old debt payments) allowing you to save possibly hundreds of dollars a month or even more. You will find larger savings if you have significant amounts of debt. If you are not saving a significant amount of money thanks to the new mortgage payment you need to re-think what you are doing before you sign any loan paperwork. For existing NO MORE Mortgage clients, contact your account manager for help on calculating a breakeven analysis.

2. You will see an improvement in the interest rate to be paid on your overall debt. Rates for a home mortgage are very low today. Credit card rates typically run much higher than mortgage rates, and it is a more expensive personal debt since it calculates based on compounded interest. Mortgages are calculated using simple interest which helps keep the debt from getting out of control as credit card debt often does.

3. Your tax write off or liability is generally improved. Your mortgage will most often bring you a generous tax write off. You will most likely not be able to write off any of the interest on your credit card debt. Your mortgage is larger right now and the amortization on a new loan is focused more on the interest than the principle. Your tax professional will be able to affirm your eligibility for tax deductions. They may also be able to show you where you can change your deductions and bring home more cash to go against your debt if it makes sense.

4. You would be wise to use the additional cash you nowadays have to attack your personal debt and pay it down faster. Not only can you pay down on your personal debt, but you can start paying down the mortgage and rebuilding your equity faster, too. Use that surplus cash to get that new 30 year mortgage consolidation loan paid off in 1/2 to 1/3 the time. This technique also helps you rebuild the lost equity in your home faster at a certain point in time. Take a minute and think about what that would mean to you. You could be free of personal debt with no more mortgage payments and very bright future.

Now let’s look at the potential negative effects of using a mortgage loan for a debt consolidation (no more mortgage) strategy:

1. You are taking out a new mortgage loan that is larger than the one you had before. You have to make sure the new payment is affordable and that you can make the payment on time every month. That shouldn’t be a problem since you are saving money, having put some of your debts into the mortgage and offsetting those payments. Make sure the new loan strategy makes sense financially or you need to look for another option. The new loan is secured by your house which you don’t want to put at risk so make sure you completely understand the terms involved.

2. You need to know what the total costs are for the new mortgage loan you are taking out. High fees could mean the payment might not make sense. Be sure to double check everything before you move forward. If you aren’t getting an obvious benefit from it, don’t sign any paperwork until you have the deal that works for your budget and strategy.

3. Consolidating your debts in the mortgage can increase your all-inclusive personal debt load at the start. You might find that some loans don’t lower your payment enough to make it worth it. The new loan is not the better option for you if you are not able to gain enough cash flow to accelerate the pay down of your debts.

4. Even if your overall payment is lower, your spreading credit card and other debt payments out over the next thirty years. The cost of lower payments in the long run, is that you will pay more in interest since the term has increased.

What you need to know from NO MORE Mortgage:

1. Mortgage Consolidation loans have not historically made a huge contribution to improving the future of the homeowner. This is really easy to mess up and many have. There were homeowners getting consolidation loans to free up their credit cards, but then a year or two later they had filled up their credit cards all over again. This comes from a lack of financial discipline. Moving your personal debt around has given you additional cash flow to use for your benefit. However, debt has a way of sneaking back up on you when you least expect it and can easily wipe out your cash flow improvement if you aren’t disciplined.

2. Your mortgage guy’s commission could be tied to the interest rate on your loan. And that has a direct impact on your new mortgage payment. The higher your rate the more that they could make unless they are charging you a loan origination fee instead. In some cases, they get both an origination fee plus commission from the lender based on your rate. It is very important that you read the paperwork in the initial loan quote and disclosures, and then read it again before signing so you know exactly what you are paying. Don’t be surprised if you end up haggling with your mortgage company over the rate as it could be directly affecting the amount your mortgage company will make on the loan.

3. Many people will go for the loan option with the most cash out left over after “paying off” some debts. What sounds good initially could hurt you in the long run as you are paying interest on each and every dollar you are pulling out. And it’s coming out of your home’s equity. You really don’t want any of that money going towards anything else but what you really need it for to make your strategy work.

4. Be aware of any pre-payment penalties on your current loan. This is very important. You would not be the first person to end up losing at least several thousand dollars in equity due to a penalty on your current mortgage loan. You should go through the old documents on your existing mortgage. You would be surprised at the high percentage of people that don’t know they have an early pay off fee. The place to check is in your current mortgage documents.

5. Make sure you are working with someone on your loan that is working in your best interest. Getting a recommendation from your friends and your family is a good way to start off. Make a list of the people that were recommended and look them up on the BBB (Better Business Bureau) website to see what their rating is. You have to work very hard to maintain a high rating with the BBB. Here is an example from NO MORE Mortgage: This is the BBB rating for No More Mortgage.

You have some good information on the best way to achieve NO MORE Mortgage. Now consider the following:

1. Getting a mortgage loan to consolidate debt does not pay anything off. Your mortgage just swallowed up the debts you rolled into it making it even larger. The risk of losing your home has increased as you have reduced the amount of equity available, should you become unemployed or need to tap into it for an emergency. Using the cash flow improvement wisely can make all the difference in succeeding with your financial goals. However, this strategy can be a very bad move if you are not disciplined. You run the risk of running up your personal debt all over again once your credit cards are paid off and freed up. That is not the way to achieve a financial goal of having no more mortgage or other debt payments.

2. You should have a payment on the new mortgage that is higher than the previous one and you have to be able to pay it on time every month. Your new mortgage consolidation loan payment will be less than the previous total debt payment you had, freeing up cash you need to be very careful with so you don’t waste the opportunity you have to get ahead.

NO MORE Mortgage, where a debt free future can be yours today.

Like many NO MORE Mortgage clients, you might have experienced the cash out/refinance cycle previously. Some people have gone through it 2 or 3 times, and each time they free up their credit cards just to watch them fill back up slowly over a couple of years, or maybe even just months. This can be a dangerous strategy. You have to have the financial discipline to put your extra cash flow against your debts to make this work. The rewards are huge and your future could be at stake if you don’t address your debts before it’s too late.

Remember, you’re working towards becoming totally debt free and retiring with no more mortgage or other payments. With the right strategy you could achieve that and more.

Your friends at NO MORE Mortgage

P.S. – Watch our short 2 minute NO MORE Mortgage video to learn more about the NO MORE Mortgage program.

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2. Do you really know how much you owe on your debt?
3. NO MORE Mortgage gives you a plan for your debt. What’s your plan today?

We’re living in tough economy right now. You probably know someone who has lost a job or possibly even their home. If there has ever been a time to take control of your finances and get your debt under control, it’s today.

Credit card debt, your mortgage and auto loans, and the list of debts that are robbing you of your future go on and on. Every month you are paying anywhere from hundreds to thousands of dollars on your debts that you would rather put away for the retirement you deserve. That money could be compounding and growing for you. Instead it’s compounding and growing and building your creditor’s future. NO MORE Mortgage can help you unlock the secret of reverse compound interest.

You’ve heard about retirement funds getting cut in half–or worse–over the last few years as the stock market has shown itself to not be as dependable as many have counted on it to be. And you can’t give yourself a raise if you work for someone else. So how do you get ahead and contribute more to your savings and retirement? You pay off your debt faster and put that extra money that would have gone to your creditors towards your own future, and NO MORE Mortgage can show you how.

At NO MORE Mortgage we’ve helped thousands of clients over the past decade to get on track to a debt free life and a brighter future.

Carrying debt is not only limiting and holding down your potential retirement income, but it can create an enormous amount of stress in your life and in your relationships. Take control of your finances and your future.

Watch our video and learn more about NO MORE Mortgage and how we can help. Ask for your free audio CD today.

Your friends at NO MORE Mortgage

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2. NO MORE Mortgage gives you a plan for your debt. What’s your plan today?
3. Do you really know how much you owe on your debt?

There are two things that are critically important to your financial future: eliminating your debt and building a retirement income that will allow you to live the lifestyle you deserve instead of just getting by, or worse, having to continue to work.

First, let’s talk about building retirement income. We aren’t living in the high interest rate environment we saw in the 80’s or 90’s where you could get high returns due to where the interest rates were sitting. When you’re investing and the rates are high it’s a lot easier to make money on your money. Now it’s much more difficult to find high returns.

Thanks (partially) to all of the controversies that have rocked Wall Street there is much less trust in the stock market. We’ve seen movement in the market in both directions, but it hasn’t gained much overall in the last few years. It’s going to take longer to build your retirement if you’re overly depending on the stock market, or investments in low interest rate products. That’s not to say you don’t want to have part of your portfolio in the market but you need to be realistic about your expectations there.

Something else you should be doing is making contributions to your retirement based on your expected needs. Far too many people base their contributions on how much they feel they can afford to take out of their paycheck, which is usually much less than it should be.

One of the only sure returns you will get on your investment is paying off debt. Debt is like a double negative for your finances. First, you are putting money towards a debt which you are paying interest on. Aside from your mortgage, you most likely are not able to claim a tax write off or credit for the debt either. The other thing to think about is the fact that the money you are paying towards debt could be going towards building up your retirement accounts. Those accounts would earn interest and then build the size of your retirement over time. So not only are you losing the opportunity to build your own retirement, but you are contributing to your creditors by paying them interest.

Paying the debt off as soon as possible can dramatically reduce the amount of interest you pay and often wipe out years of payments. In our program the average client with a mortgage can save over $100,000 and is often completely out of debt in around 9 years. Imagine how much faster you could build up a substantial amount of money if you were able to put the all of the money you pay out for debt each month towards you retirement instead. How much do you spend on your mortgage and your debt each month? $1000? $1500? $3000?

We’re living in a changing economic environment today. There is very little you can count on. You need to take control of your future and not let it be dictated by someone else. No one can foreclose on your home if you own it. And retiring with enough money to live on comfortably is much easier to attain if you focus on eliminating your debt and building your own future instead of your banks.

The reason we say above that you have to think a little differently now is that much has changed over the last few years and will most likely continue to change. You have to be more proactive in protecting yourself and building your retirement than in the past. We can help you address the debt which is critical if you are carrying a mortgage and additional debt on top of that. We’ve been helping our clients for over a decade and are ready to send you a resource that will help you determine what you can do to change your future for the better.

Learn more about eliminating debt by going up to the top of the page on the left and filling in the information to get your free audio CD.

Get on track to a life with no more mortgage or other debt payments and build a stronger, more solid financial future.

P.S. – Watch our short 2 minute NO MORE Mortgage video to learn more about our program.

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3. Do you really know how much you owe on your debt?

A strong foundation for financial independence can be found in learning to budget skillfully. If you are like most folks, budgeting is not the first thing that comes to mind when deciding on how to spend your leisure time. But you’ll discover that it’s one of the most effective ways to get ahead financially if you stick with it.

You can also improve your retirement contributions, as well as pay your debt down more rapidly, by learning to budget well. You could find yourself free of debt and with no more mortgage payments years earlier than you expected by incorporating good budgeting practices into your financial plan. Budgeting can also make it easier to survive the surprising financial emergencies that can come up by building up an emergency savings fund.

If you use a budget now, or have tried to in the past, you know it can be a real challenge. Here are a few steps to help you stay with your budget and stay on track to the financial success you deserve.

Crack down on your wasted spending and save money right away:

Go through your current bank statement and write a description of what each amount of money was spent on. Next, add up the items that you really didn’t need. It’s also common to see that there are some items you bought that you wasted more money on than you thought. You may find that you spend too much money on things like going out with your friends or eating out for lunch.

Focus on building your savings for emergencies:

You should work towards building up adequate savings to handle an emergency that comes up, or a period of unemployment. The last thing you want to do is to have to use a credit card and pay interest on an expense you didn’t plan on or budget for. Use your budget to determine how much you could put into your savings every week or every month and get started.

Use cash with more awareness:

You want to use cash or a debit card instead of credit cards whenever possible. Avoid using your credit cards because they have a compounded interest rate. The interest that builds up can get away from you and could led to big trouble financially. You’re also better off not having a lot of cash on you since it’s easy to spend without realizing how much you have spent. Spending should be part of a plan and not something you do because you have money available. Use your debit card whenever possible as it’s easy to track and scrutinize your spending. Lastly, stop carrying your credit cards if you have difficulty not using them.

Eliminate bad habits:

Some of them cost you a lot more money than you notice, like your daily visit to the coffee shop, smoking, or going to the movies every weekend with your family. It’s easy to not keep track of your money and takes an effort to pay attention to your spending. You have to decide what’s important to you. Is it important to retire with no more mortgage or other debt payments? Ask yourself how you are going to get there. You can start by listing the habits you have that are wasting money and put an end to them. Little expenses add up over time, and some of your small habits that don’t seem like they cost much each week could cost you tens of thousands or more in retirement income in the future.

Share the responsibility with your family:

Everyone in your home should understand and have a part in budgeting and following the budget. Let everyone in your household know what you are trying to achieve so they are supportive and understand why they can’t spend more. Show them how they can help by not wasting, and by planning before spending. Sit down with your spouse and make a plan for your spending and budgeting. Then you’ll want to check in every week to make sure you are staying on track, or decide how to get back on track if you happen to stumble temporarily. Arguments and disagreements over money are among the leading causes of divorce. Sticking to your budget can help relieve stress and could minimize or even prevent financial strain from taking its toll on your marriage and your family.

Pay down your debt:

If you don’t have a plan for your debt you need to create one now and start following it absolutely faithfully. When you’re struggling with debt, you may feel like it’s going to take forever to pay it off, and it usually will take several years if you have a mortgage. Over the last few years, retirement accounts have taken big hits and fallen considerably in some sectors. The stock market has proven that it cannot be depended on. One of the only ways to get a guaranteed return on investment comes from paying off your debts and not having to pay the interest on them anymore. Every time you pay off a debt that improves your cash flow at the same time. But it often takes years and you need to have the discipline to follow through every month.

Re-examine your latest spending and expenditures:

You want to review your spending every month to see your budgeting progress and to check for other areas to improve on. Continue to critique your statements and receipts to look for more opportunities to cut your spending. Think about taking lunch with you to save more money. Set up a carpool with a buddy or someone you work with. Make little cuts where you can to increase the amount of money you have to save, or put toward paying down your debt. Sticking to a budget is critical to paying off your debts and having no more mortgage payments.

Budgeting is essential to getting a handle on your finances and building up the retirement you want and deserve.

P.S. – Watch our short 2 minute NO MORE Mortgage video to learn more about our program.

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3. NO MORE Mortgage Tip – Are you keeping an eye on your spending?

The bottom line is you may not be able to qualify later due to many reasons such as: home values that have gone down, further restrictions from the lenders, or changes to your income or credit score. This points out another reason why you need to get ahead of your debt. If you start paying down your debt you’ll increase your available cash flow as you pay off each debt. You’ll improve your credit score faster by accelerating the payoff of your debts. Your debt to income ratio will improve as you pay down the debts. And you could start putting more money towards your retirement accounts and savings as you pay off the debts. You’ll be in a better position to qualify if you still need to.

But why stress over not being able to qualify for a refinance later when you may be able to ensure you don’t need it by getting your debts under control starting today?

Your friends at No More Mortgage

Read on and think about your future needs while you do.

David Kosmecki | February 9, 2010

View the original story at

Home Loans Midwest – http://homeloansmidwestblog.com/

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Here’s a good article for everyone on how you can cut some of your spending in retirement and stretch your dollars.

Fifteen Ways to Slash Spending in Retirement

Retirees must adjust to new economic realities. Here, based on suggestions from financial advisers, are strategies to cut costs

By Ben Steverman

Workers approaching retirement are often told by experts that they will need only about 80% of their income after they stop working to maintain the same lifestyle.

After all, expenses fall when retirees don’t need to dry-clean their work wardrobe and commute every day. And they have more time to shop for deals and handle house and yard work themselves. Presumably, the children are out of the nest or have their own financial flight plan.

The problem is that many retirees soon discover the 80% rule of thumb doesn’t work. “I’m finding that to be unrealistic with today’s retirees,” says James R. Miller, president of Woodward Financial Advisors in Chapel Hill, N.C. “It is more like 100%.”

Go here to read the rest of the article on slashing your spending on retirement

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Are you keeping an eye on your money and tracking what you spend and where? Somebody needs to, and if you aren’t doing it, who is? Does anyone else have a bigger stake in wiping out your debt and building the retirement you want and deserve than you?

Here is a list of things you should be doing to keep an eye on your spending. There are many more ideas than this, but here are some that you need to be doing now.

• Go through your last bank statement and write down what each charge was for. This can be an eye opening experience. Grab a cup of coffee or something to drink and go line by line. This exercise could save you money next month just by knowing where you seem to waste money without thinking about it.
• Group items together by making a note at the end of the item. Make groups for food, utilities, meals, clothes, etc. Then total up these different categories and see if any of the totals surprise you.
• Now that you may, or may not, be surprised at where your money has been going, ask yourself if there is something obvious that you can cut back on.
• Take a look at the bank statement and see how much you paid toward debt, like credit card bills. How does that feel?
• Now take another look and see how much money you put toward your savings. Anything there?
• Take another look and see if you put anything towards an emergency fund. Or is your emergency fund a credit card? We can’t do that. So if you don’t have an emergency fund that would cover your needs for at least a month you should start putting money into one and then go back to adding to your savings every month.
• Do you have any major purchases or costs coming up in the next 2 years? Are you putting any money away for them?
• Ask yourself if you are only paying the minimum payments on your credit cards. (The credit card company will happily let you do so for the next 30 years or so.)

Now this is an excellent exercise to learn a few things about your spending habits and you may very well find a few places where you can cut back and not spend so much money.

This is by no means a comprehensive list of what you should be doing and how to track your money. But it’s a good start to take a look at how much of your money is going out against what you have coming in.

Once you’ve done this you need to get a snapshot of how much it will cost to pay off all of your debt and how long that will take. You really need to know this if you want to make sure you are making wise decisions on your spending and your savings. Almost no one you know has a realistic number on how much they owe or when it will be paid off. To get it you have to figure in the interest on all of your debts along with the extra payments it will take to pay it off.

So here’s a secret you can take advantage of: NO MORE Mortgage will create an analysis of your debts for you that shows this and more, and you can get it for free. There is no cost and no obligation. Just free. All you have to do is ask. And you can order a free CD up on the left side of the page that will give you some great information on eliminating your debt.

You need to know how much debt you really have. Your statements don’t tell you, they just show the principle balance. So get your numbers for free and see where you really stand.

Watch this video of a NO MORE Mortgage team member below and then call us at 800.285.9102 and ask for a free debt analysis so you can make wise, informed decisions that will affect your future.

P.S. – Watch our short 2 minute NO MORE Mortgage video to learn more about our program.

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Let’s talk about a few problem areas and then we’ll look at how you can get a snapshot of how much you really owe so you can make some better informed decisions in regards to your finances. NO MORE Mortgage offers a free snapshot you can use to make those better decisions.

A common area many people have trouble with is overspending. It can be triggered by advertising, seeing something you want, influences from your friends, impulse buying, or stress induced “comfort buying.” In these cases, you are generally not thinking about where you are financially or when you’ll be able to pay it off. Consider that you may feel pressured to spend more, buy this or that, look a certain way, dress a certain way, or have certain things to fit in or feel like you are living the life you are supposed to. There are many triggers for spending, but they almost all lead back to “emotional” spending.

The next time you are buying something that you don’t absolutely need, ask yourself why you’re buying it and what led you to want to buy it. Do this every time you are buying something and look at what patterns show up and where the motivation to spend at that moment is coming from.

Often, buying something you impulsively want doesn’t feel like it’s going to be a problem. You think “I’ll buy it now and pay for it later.” The problem with that is you will often pay it off much later, having spent many times the original price in interest in the form of credit card payments. When that happens, your future is paying for it. The money you spend on your debt in one month could be worth thousands to you later in retirement after it has had time to build up.

We’re living in a fast paced, complex world where it’s hard to keep track of your money unless you spend some focused time on it. You have money spent on credit cards, ATM cards, department store cards, automatic debits, utility or other bills on automatic payment, written checks, cash withdrawals, dinner receipts, and other expenditures to keep track of. It’s not easy.

You’ve got credit cards in the land of easy credit and get offers for more every month. They entice you to use them with promises of extra miles, points, and rewards.

What your creditors don’t point out is that you will often pay back 2 to 3 times what you borrowed (especially on your mortgage) and that compounded interest is their friend and your enemy in this case. Also, your creditors give you a payment schedule designed to make them more money and stretch out your debt.

You didn’t learn about this in school or at home, so you need to get on top of your debt and reclaim your future now before it’s too late. One thing you need to understand is that when it comes to your retirement and building up enough to take care of you, there is such a thing as starting too late.

You may not have a plan yet because you don’t know where to start. The place to start is figuring out how much you are really going to pay out and how long it is going to take to pay off your debt. You can’t just look at your statements and add up the balances. You have to take into account the interest and amount of payments it will take.

To make this easier for you, NO MORE Mortgage offers a free analysis that will show you these numbers. There is no cost to you and no obligation. Do this for yourself. It’s vital that you know where you really stand.

Give us a call at 800.285.9102 and let us help you get started.

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2. Do you really know how much you owe on your debt?
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Most of us don’t realize how much our emotions are tied into our spending habits and our build up of debt (both of which eat away at our future by reducing how much we are contributing and building for retirement). Many of our clients at NO MORE Mortgage have felt the same way until they experienced the peace of mind that comes with being in control of your finances and having a solid plan in place.

Do you have a fear for your financial health lurking around in the back of your mind? It’s normal. Until you get a handle on your finances and your debt, knowing exactly where you stand and putting a plan in place, you’re living in the financial wilderness. And the wolves are waiting to pounce on your money and your future.

We’re all familiar with the term “comfort food” and often partake when fear, worry, or frustration are eating at us. For many people, the same can go for spending. They go out and spend when they feel stressed out or frustrated. Or they buy something on “impulse” without thinking about how it affects their bottom line and their future.

Fear, worry, and stress all create a climate for making bad choices and a lack of focus on what you should be doing and what you want for your future. And as you buy more of what you really don’t need, you’re robbing yourself of your future income for retirement by not contributing more, or even enough. Your emotions can lead you to become focused on today and trying to comfort yourself while you push your needs for tomorrow into the back of your mind. If you aren’t thinking about your future, it’s one less thing to be stressed about. So when are you going to think about your future?

A NO MORE Mortgage Financial Analysis will help you understand where you are financially.

Where do you feel you are right now financially? Are you treading water with no land in sight? Are you on a path where you think you’re heading in the right direction but aren’t really sure? Are you just winging it and hoping for the best? Or do you have a plan in place and know right where you are financially?

I’m going to guess that where you are today is not where you thought you would be if you had written it down 10 years ago. Most people haven’t made much progress in the last 2 years on paying down their debt and many have increased their debt.

If you’re not where you want to be, getting ahead of your debt and building your future, why aren’t you? Let’s look at a couple of the pitfalls or mistakes we make in managing our finances.

First of all, who do you listen to? Are you getting advice on your finances from your friends or family? They’re usually in the same financial situation that you are. We tend to spend our time with people that are a lot like us. So if they aren’t in a drastically better place than you are, why would you listen to them? You need to listen to people that are either much better off than you due to what they did themselves about their finances, or you need to listen to a financial professional with a track record.

What about the people on TV, talk shows, or the internet? Be careful there. You have to remember that many of the big personalities make a lot of money off of books, website subscriptions, advertising, and newsletters. They may not appear to be charging people for their “advice,” but they are getting paid a lot of money through other ways. Some of them give great advice and some of them really don’t. And it’s easy to get into information overload when you spend your time watching or listening to them since they have to cover many topics to appeal to a large audience.

Are you on the path to NO MORE Mortgage and financial security?

Another mistake that almost everyone makes is to not know how much money they really owe when you include the interest that you will pay out based on how you’ve actually been paying your bills. You can’t rely on looking at the balances due on your statements.

Fortunately, you can change the path you are on quite easily. You really need to find out how much you owe on all of your debt and how long it will take to pay off. Knowing this alone could help you make better decisions and could help you reduce unneeded spending.

Call for your complimentary NO MORE Mortgage Financial Analysis today.

We offer a free service at NO MORE Mortgage where we create a “no cost, no obligation” analysis of your debt that shows you not only how much money you will pay out on your debt, but how long it will take to pay it off based on how you pay your bills today. Our analysis also shows how much you could save in interest and how much sooner you could be completely debt free with our automated program that does the work for you.

Watch this short video on NO MORE Mortgage and then call us for your free analysis at 800-285-9102.

Thank you for visiting us at NO MORE Mortgage, where a debt free future can be yours today!

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Let’s look at the how each one comes into play in your quest to eliminate your debt and get back on track financially.

First of all, let’s ask why you may be considering debt settlement. This is the most important step as it tells you which path is best for you. Cash flow is our first comparison.

If you are cash flow negative, cannot cover your bills, and are headed towards losing your home, then you should talk to a bankruptcy attorney and ask about debt settlement and bankruptcy. In some cases, debt settlement is not going to help you and may hurt you more if you are headed into bankruptcy anyway. The attorney is a better place to start as many of the settlement “counselors” want to sign you up and may not be competent enough to give you the best advice.

If you can afford to pay your bills today, want to protect and improve your credit, and get on track to building a bigger and better retirement fund after becoming debt free, then read on and we’ll go over some other differences. Our program isn’t for someone who is cash flow negative. But we could do wonders for you if you are able to pay your bills today.

First, let’s go over why you hear so many ads today for debt settlement and how it is being touted as the “path to being debt free.” Debt Settlement is being advertised in much the same way the option arm mortgage was in years past. It has certain advantages for a small percentage of people, and is easy to sell. Through mass marketing and media advertising it is being offered to anyone who “qualifies” regardless of whether it’s a good choice for them.

Our next comparison is about the type of debt you can “eliminate.” Debt Settlement is typically targeted at someone with heavy credit card debt usually defined as “over $10,000.” Settlement companies target credit card debt because it is unsecured, so they can negotiate with the creditors. If it was secured debt, such as an auto, the creditor can simply take their asset (your car) back. So unsecured debt cannot help you with much of your debt that is secured, such as your home, your cars, and other physical property.

NO MORE Mortgage’s debt elimination plan is designed to help you with all of your debts, regardless of whether they are secured or unsecured. If it is a debt that is paid monthly, and can be paid off (unlike utility bills) our program could be ideal for you.

The next comparison has to do with your credit. Debt settlement can damage your credit harshly for at least 2 years and will likely continue to hurt you for much longer. The short term savings you may gain in settlement could easily cost you that and more over time as you will pay higher interest rates on any credit or lending you need after that. And that is if you can get credit after that for the first few years or more.

With our debt elimination program we don’t do any settlement nor do we contact your creditors. And our comprehensive debt analysis system generally accelerates the pay down of your debt by attacking revolving credit first, such as credit card debt. Revolving credit can make up 30-35% of your credit score. So as your revolving credit is being paid down your score is not only “not damaged,” but you could actually see your credit score improve faster than it would normally based on how you pay your bills today.

Our program does not harm your credit, and should improve it faster. Your credit score and history are used in determining not only whether to provide you with credit, but is often reviewed when considering someone for future employment and in other ways. Your credit score is becoming more important every year. You want to keep yours in the best shape possible.

Let’s compare where your money is going during the programs. With debt settlement, your money is collected and often held in an escrow account, where part of the money is being paid to the settlement company and the rest is held until there is enough to negotiate the first debt.

In our program your money is paid out directly to your creditors each month through our advanced bill pay system that does the work for you. Our system meets all of your obligations while making your payments according to your personalized analysis to save you the most time and money. We ensure on-time payments while working your plan for you. And your money is transferred and paid out to your creditors by a top rated financial institution that handles transfers for many of the country’s top banks.

We’ve helped thousands over the years to get on track to becoming debt free. This is a safe program that works, and does the work for you to ensure your success.

Contact us for a free CD that will further discuss our program; or better yet, call us and ask for a free debt analysis that will show you how much your debt will cost you and how long it will take to become debt free based on how you pay your bills today. It will compare and show you how much sooner you could be completely debt free and how much you could save if you choose to join the thousands that are already on this path.

Everyone should know how much their debt is going to really cost them and how long it will take to pay it off the way they are paying it today. Knowing where you really stand helps you make better decisions and can help you make better choices in your spending. Get your free analysis at no cost and with no obligation. That’s our gift to you for taking an important step and learning something 95% of your friends and family don’t know about their own finances.

You can fill in the form at the top left for a free CD or call us and get your free analysis at 1.800.598.1657

Your friends at NO MORE Mortgage

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Well, yes it is and no, it isn’t. Yes, at one moment in time a statement can show what you owe if you were to pay it off completely. And no, it isn’t, when you factor in interest payments over time.

That interest over time is what steals your future like the thief that it is. Your debt can rob you of hundreds of thousands of dollars you should have at retirement. Debt sneaks up on you and stretches the pain out slowly so you don’t notice how much it is costing you. Did you know that half way into a 30 year mortgage you can still owe 75% of the principle? We’ve seen credit cards that would stretch out to 40+ years, or even more, at the minimum payment.

Think about this for a minute. You pay your creditors back based on a schedule that they create, and they earn their living off of the interest that they charge you, along with extra fees and charges. So do you think they create their payment schedules with your best interest in mind? Is your money going towards building your future, or theirs?

What they know is that most people think about the balance on their statements and figure that’s about what they’ll pay back. What they don’t want you to know is that by utilizing a program like ours at NO MORE Mortgage, you could pay them back significantly less and save yourself a great deal of money. Our program creates a new payment schedule that meets your obligations with your creditors and pays them back up to 75% faster, allowing you to keep far more of your money and get out of debt that much sooner.

The creditors also know that most people won’t follow through with a debt elimination plan on their own, as they either don’t have the financial discipline or the time to work their plan, month in and month out, for the time it will take to get out of debt. That’s why our program does the work for you. We work to ensure that you are successful at eliminating your debt safely and wisely. Our program can often improve your credit faster than would normally happen too.

So, do you really know how much you owe on your debt, and how long it will take to pay it off based on how you’re paying your debts today? We can easily show you that and also compare that to how much you could save and when you could become debt free if you take advantage of our program. We offer a free debt analysis with no obligation that will show you all of this.

To make good decisions, you need good information. Knowing how much you really owe and how long it will take to pay it off has an impact that you will not soon forget. And it can influence your financial decisions for the better. Call NO MORE Mortgage and ask for a free debt analysis. It doesn’t take long once you give us the info we need to run your analysis. And we don’t need any information that would put your identity at risk. You can ask for our free audio CD using the form on the left side of the page too. It has some great information on it that could save you a lot of money.

Give us a call and let us help you get on track to a debt free future with less stress and more financial security. We’re at (888) 239-3765.

Related posts:

1. Frequently Asked Questions About Us
2. Homeowner’s Debt Elimination Program (Overview)
3. Homeowners Clear All Debt Within 9 Years With Unique Debt Elimination Plan

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Excerpt:

“BYU coach Bronco Mendenhall doesn’t like to single out individual players for their perfomances, but he couldn’t help himself Saturday night after the Cougars edged past shell-shocked Oklahoma 14-13 at Cowboys Stadium.

“‘Bryan Kariya, if it were up to me, he would be the player of the game,’ Mendenhall said. ‘No one knew that he could play at that level on this stage, except maybe us. We had complete trust in him.’”

Read the rest of the article here

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BOSTON — The Federal Deposit Insurance Corp. reported Thursday that the number of distressed banks rose to the highest level in 15 years as its insurance fund continued to shrink.

More lenders ran into financial trouble during the second quarter with recession saddling banks with soured loans, according to the report.

The FDIC said that the number of troubled banks rose to 416 at the end of June from 305 at the end of March. This is the largest number of banks on its “problem list” since June 30, 1994, when 434 banks were on the list, which isn’t disclosed by the FDIC.

Assets at troubled banks totaled $299.8 billion, the highest level ever recorded, the agency said.

Banks insured by the FDIC swung to a total quarterly loss of $3.7 billion from last year when they reported a total profit of $4.8 billion….

Read more at www.marketwatch.com

NO MORE Mortgage

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1. MINUTES OF THE FEDERAL RESERVE JUNE 24 MEETING:

~Phillip D. Rushton
NO MORE Mortgage

“I like working for NO MORE Mortgage helping families build equity in their homes, with a goal of paying off their mortgage so that they own their own homes. This places families in a much more secure financial position than has been the case of the past couple decades where families were often encouraged to live off the equity in their homes. Then, when home prices fell, the equity disappeared, and many families lost their homes to foreclosure.”

~Ron Hammond
NO MORE Mortgage

“I love NO MORE Mortgage. I have worked here for years and I will continue to work here for years to come. There is nothing better than working at a job that truly helps people. It’s one thing to have an inviting and friendly work environment, but it is a whole lot more when you combine that with a superb product. Every person I have talked to I have been able to walk away knowing that they are going to be in a better situation because of working with us. Everything from peace of mind and stability all the way up to saving marriages comes to mind as I think about past clients I have worked with. If we could make this product a national policy then we would not be in the financial mess we are now in. Nothing can beat sound financial principles and structured financial planning. NO MORE Mortgage accomplishes all of these things and combines them in a way where it is virtually impossible to achieve the same outcome without the program. I will continue to be excited and get other people excited about this because it does work! It will work for you as long as your current financial situation allows you to qualify. Thanks for reading and I would love to talk to you more.”

~Landon Glenn
NO MORE Mortgage

“No More Mortgage has the right program at the right time. There is no better way to become debt free in so little time. It is gratifying to provide the kind of help that so many people need right now.”

~Kent Payne
NO MORE Mortgage

“It is so gratifying to come to work at a job I truly love, for a company that I believe in. Every day I get to establish and continue relationships with people that are life altering. Whether someone is financially free or financially burdened, it affects all areas of their life. With financial education and automation, NO MORE Mortgage provides peace of mind.”

~Sheri Winn
NO MORE Mortgage

“I love my job as a Personal Finance Analyst at NO MORE Mortgage. It’s the most satisfying sales job because we are not just selling a product, we’re helping people to make a major improvement in their lives.”

~Landon Fowler
NO MORE Mortgage

“Working with NO MORE Mortgage has proven to be a rewarding job because of the excitement I see in the people I work with. I see people who are struggling to find a stress free life and being able to promise them the help that they need feels very good. It amazes me to see the holes that people are in, and knowing that NO MORE Mortgage employee’s are genuinely interested in helping those people get out of debt lets me leave the office each day knowing that we have made a difference in some way.”

~Courtney Fowler
NO MORE Mortgage

“In the past few weeks I have had the privilege of helping people from all walks of life.
Included is a Circuit Judge from the Deep South, a Gynecologist from the Western United States, and a Serviceman from the Mid-Eastern United States among many others. None of them are in DEEP TROUBLE… that is not typically our clients… like most of our clients they simply wanted to have an automated program that will work in approximately 9-10 years!!”

I have the best job in the world… helping people. What more could a person hope for?”

~Phillip Ostler
NO MORE Mortgage

“I have been employed with NO MORE Mortgage for over 3 and a half years. I enjoy working here because I like helping people. We have fantastic clients, and I like to hear about their progress. I also enjoy the drug-free work environment here. I like the fact that my coworkers also care about our clients and always try to do what’s best for them.”

~Jonathan Wetzel
NO MORE Mortgage

“Working at NO MORE Mortgage, It is very rewarding to help families put a specific plan in place to get them debt free, and ready for financial freedom!”

~Anthony A. Zabala
NO MORE Mortgage

Related posts:

1. NO MORE Mortgage
2. Homeowner’s Debt Elimination Program (Overview)
3. Financial Salvation for Senior Homeowners

You might be surprised to learn what % of homeowners own their home free and clear with no more mortgage. Nationwide the average is 29%. It is certainly possible for you to be one of the 29%. How would your life be different if you had no more mortgage? What would that mean for your future?

Previous to the last three decades, it was a common goal to purchase a home and pay off your mortgage as fast as you could. You would invite family and friends to the mortgage burning party. I believe that the current housing crisis is a wake-up call to get back to what should be our roots. The first step is to have a goal and a plan to rid your self of consumer debt, and then pay off your mortgage. If you don’t believe that achieving that with your current income in the next nine years or less is possible, you are simply part of the misinformed masses. Unless you have a goal and a plan, you will never get there.

Lets make today the day you set a goal to eliminate all of your debt (including your mortgage) within the next nine years. If that seems impossible, it is time to be enlightened and adopt a plan to achieve it.

Sincerely.

Larry Ruff
President
NO MORE Mortgage

Related posts:

1. Do you have a Mortgage?

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Linda Smith of Cumberland, MD

“With NO MORE Mortgage we’ll be saving $60,000 to $80,000!”

James & April Cox
Claxton, Georgia
5m:32s

“Before we found NO MORE Mortgage, my debt ratio was high, but we still had good credit and I wanted to keep it that way. I work for a bankruptcy attorney and I see what happens when things get out of control everyday. Bankruptcy was not an option for me and I knew there must be an intelligent way to take care of it. Writing it all off didn’t seem right. Credit card companies make it so easy to get over your head in debt and make it so hard to get out.

When I heard that we could be debt free including the mortgage in just 8 years and save more than $220,000 in interest, it almost sounded too good to be true, but when they explained the way it worked, it made sense to me we were excited. I didn’t want to carry a mortgage into retirement and neither did my husband.

Now I get on every month and look at the progress we’ve made and it makes me feel good. We’ve even found ways to accelerate out plan even further and are one year ahead of schedule!

Now, getting the credit card statements in the mail isn’t stressful for me because I know that everything is getting paid down as quickly as possible and one by one these bills will be gone forever. The NO MORE Mortgage debt plan has simplified our lives in a big way. I am glad that we did it.”

Barbara and Kelly Smith of Green River, Wyoming

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• To reverse the tide of consumer debt in America.
• To thrill our clients in the process.
• To make a significant, positive difference in the lives of our customers and each other.
• To live our lives and operate our company on principles that are right and true.
• To provide accurate financial analysis, honest evaluations, unparalleled customer service, exceptional client education, and relentless debt elimination, leading to each client?s financial prosperity.
• We value integrity, honesty, teamwork, hard work, loyalty, and continuous improvement.

NO MORE Mortgage was founded in Orem, Utah with the mission of reversing the tide of consumer debt in America. Its comprehensive approach to professionally managed debt elimination, combined with ongoing financial education, results in clients who enjoy interest savings of $20,000 to $200,000 or more, while eliminating all of their debt, including their mortgage, in an average of nine years or less.

NO MORE Mortgage has engineered a unique high-tech network that merges multi-channel marketing campaigns into a nationwide live-call distribution system. This system allows homeowners to receive immediate free consultation with a qualified Personal Finance Analyst. The client’s finances are then downloaded into a sophisticated computer program which generates a seven-page personalized financial analysis illustrating proposed debt restructuring, interest savings, and debt-free dates.

Enrollment in NO MORE Mortgage Homeowner’s Debt Elimination Program is particularly attractive to clients because it:

• Avoids the negative credit effects inherent in other debt management programs.
• Works with your current income level.
• Requires no out-of-pocket expense.

By combining the expertise of nationwide lenders with the Homeowner’s Debt Elimination Program, NO MORE Mortgage is helping its clients gain leverage over their debts, and is converting a growing segment of the lending industry into becoming part of the debt solution, rather than part of the problem.

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