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Real Solutions, Real Time!

The Mortgage Optimizer!

May 2010

Volume 3, Number 9   

In This Issue

Repo List update !

From the President’s Desk

Your Monthly Mortgage Tip: Secrets Lenders don't want YOU to know!

Links

Repossessed Homes

   XM Loans Repo List

 

Contact Us!

NEW REPOSSESSED LIST - MAY 2010

 

In this month's issues, we have included a link to the updated repossessed property list.

To get to the list, please click on the link in the left margin or for more information on properties on the list, email us at info@xmloans.com

From the President’s desk….


 

Don't get it twisted!

The issue is not whether gambling should or should not be legalized in The Bahamas for Bahamians. The proposition of itself waxes ludicrous! Constitutionaly, Bahamians are guaranteed the right to not be discriminated against on the basis of their "place of origin, color, sex..." etc.

Hence, the current debate about gambling in our view is simply a red herring to avoid the real issue of whether adult citizens of the Bahamas are truly availed of freedom of choice? No government, religious body, business enterprise or social organization has the right to deny your ability to choose. So long as the activity you wish to engage in does not impede upon the rights of others, participation in such activity is a matter of ones own free will and moral turpidtude.

When clerics, businessmen, social activists or any other kind of lobbyists seek to infringe upon your constitutional right to choose, woe be unto the people who sit idle and allow it to happen. It's about your right to choose irrespective of the issue du jour, fight to preserve it!

 

Your monthly mortgage tip:

Secrets Lenders don't want YOU to know!

loanSecrets

 

Many people we have spoken with over the years have declared their desire to be debt free. Accordingly, these people for the most part tend to eschew longer loan repayment terms.

While on the surface this may seem like a wise decision, a 15 year mortgage term increases the monthly payment by more than 20% over a 30 year monthly repayment. Our advice is to always select the longest repayment term with the lowest monthly payment.

The benefit of approaching your loan repayment in this way, is to hedge against any unforseen changes in your income. Otherwise, you may find yourself stuck with a short repayment term and a high monthly payment amount that may be beyond your ability to repay. Lenders are often reluctant to reduce mothly payments after they have been established. However, keep in mind that you can always pay an extra amount on the loan each month and thereby pay it off early.

To find out if you qualify for the longest term mortgage loan click here to submit your information.

KNOW THE FACTS – GET THE LONGEST REPAYMENT TERM BUT PAY EXTRA ON THE PRINCIPAL EACH MONTH!

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