SF, Stagecoach, NV
Dear Brothers & Sisters,
Last Wednesday, I showed you how the Twerp is stealing your money. Today, I want to show you another way his greed reaches our pocket books.
Since I'm sure this is happening in America, unsure in other nations. But it's worth checking out for thousands of dollars saved in YOUR POCKET no matter where you live.
If you have an Auto or Mortgage loan, go to this website and check out what you're paying in interest for that loan.
http://www.bankrate.com/calculators/mortgages/amortization-calculator.aspx?loanAmount=75000&years=30.000&terms=360&interestRate=4.000&loanStartDate=15+Jan+2016&show=false&showRt=true&prods=1&monthlyAdditionalAmount=0&yearlyAdditionalAmount=0&yearlyPaymentMonth=+Jan+&oneTimeAdditionalPayment=0&oneTimeAdditionalPaymentInMY=+Feb+2016&ic_id=mtg_amort_calc_calculate_btn
This will calculate your loan to see how much principal versus interest you pay; totally and monthly, plus give you a monthly amortization schedule for the time of your loan. Once you've gotten this information, it will be easy to have a 30 year mortgage brought down to a 17 1/2 year instead. All that's required is to pay an additional payment each year. Example:
Say your Loan was: $75,000 for 30 years at 4% interest, with nothing down, you would be paying back in the first year, an average Principal $1,320.78 and Interest of $2,975.95 so out of paying $358.06 per month x 12 = 4,296.72. Your principal loan balance from $75,000 would be $73,679.22. The principal would only be paid down in first year by $1,320.78 the rest of your $4,296.72 would pay on the interest of the loan. Surprised????
So by paying one additional payment per year toward your PRINCIPAL, you would knock off from (30 years) January 16, 2016 to June 15 2033 (17.5 years), saving $ 41,117.62 in INTEREST PAYMENTS.
This is why they don't want you to know! They only get (in this example) $ 41,545.26 in INTEREST instead of $53,902.13. You would save $ 12,356.87.
This same principle will work on a auto loan or other large item loan, but check with your loan company to make sure NO Penalties for early payments are required.
We are told to be good stewards of Gods money. Have you been? Are you protected by Lord because you are tithing? Are you getting increases from your offerings; some 30, 60, and 90 fold? In other words, are you being blessed with more, so you can bless others? Is Luke 6:38 manifesting for you? “Give, and it will be given to you: good measure, pressed down, shaken together, and running over will be put into your bosom. For with the same measure that you use, it will be measured back to you.”
1 Peter 4:10 NKJ
"As each one has received a gift, minister it to one another, as good stewards of the manifold grace of God."
Blessings to each of you,
Sandy F
The Lord's Servant
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