A Mortgage Statistic
If you currently own a home or are about to buy one you may want to sit down for this statistic - if you buy a $250k house at current 30-year mortgage prices you are going to pay over $325k over the course of your loan in interest payments. That is not a typo - you will literally spend more money financing your house than you are paying for the house itself.
So what can you do? Well, you have a few options - the most obvious option is to take out a 15-year mortgage instead of a 30. Most people, however, cannot afford this luxury - even if you’re payment is only 30% higher on a 15-year, that means that you will most likely have to get a smaller house than you were originally planning.
Consider a new financial vehicle for paying off your mortgage, a Money Merge Account. These accounts can help reduce your mortgage to a 15-year mortgage (or less) without requiring you to downgrade your home plans or significantly impact consumption levels.
Basically the Money Merge Account gives you access to financial tools previously used mainly by larger corporations. They have always been there for you to use, but finally there is a program that will actually help you unlock their power, potentially saving you hundreds of thousands of dollars.