Here are Three Tips to Pay Off your Mortgage Fast!

To date, there are more than 20 million Americans who own their homes outright.  There are those who opted to pay their homes in cash, whilst other homeowners decided to pay huge chunks of their paycheck to pay their debt completely in just a few years.

Despite this, 75% of homeowners still owe lenders for money for their homes. The common goal among two-thirds of American homeowners is to pay off their debt as quickly as possible. If you dream is to get rid of your mortgage fast, here are some tips that you can follow to make this a reality (you can also check out rentnrank.com):

  • Make extra payments

Do not forget to pay more than the minimum allowable repayment on your mortgage. Bear in mind that every single time you make extra payment on your loan, the addition money you put in goes directly to your principal. In this way, you lower down the principal at a faster rate, while ensuring that your interest rate goes down as well.

For instance, if you have a $220,000 house lone payable in 30 years at an interest of 4%:

  • If you make extra payments each quarter, you generate up to $65,000 savings and shorten the term of the loan down to 11 years.
  • You may also try to divide your payment by 12 and then add that amount to each monthly payment. You may also choose to pay half of your mortgage payment every two weeks. In this way, you will be able to shave up to four years off your home loan.
  • Make sure to round up your monthly payments at least a few extra dollars a month. Small extra payments truly go a long way!
  • If you get a raise or a bonus, why not make use of the extra money towards reducing your debt.

Always make sure to contact your mortgage company before making extra payments to ensure that the excess of the payments you make go directly to the principal.

  • Downsize

This can be a very huge step for you and the family, but if you are firm to getting rid of your mortgage, make sure to consider selling your larger home. Instead get a smaller, less expensive home so you don’t have to worry about repayment in the future.

With the profits from selling your larger home, you will have the financial capacity to pay off your original mortgage. Even if you need to purchase a new home, you will only need to pay smaller amounts for your second mortgage.

  • Seek the assistance of a pro when finding a new home

Make sure to consult a professional real estate to make sure you find a home that fits your needs and budget.  Although you will need to pay for their services, they are guaranteed to find you the perfect home according to your specifications while saving you time and money in the long term.

Save some money and time – Learn how!

Car owners need to be prepared to pay the insurance, maintenance and repair costs for their vehicles. You can’t afford them (but you can get car insurance quote), you don’t get a car, it is that simple. However, sometimes you may afford such costs but not be aware of it.

If you didn’t know it, you should find out that there are some car maintenance and repair operations you can do yourself. Just read this article, as it may help you save some money and time.

Squeaking brakes or pedals are annoying, so if that occurs, you are most probably going to go to your car repair shop to get them fixed. However, with a little oil and time, you can fix them yourself and save the money for something else. Actually the oil is for squeaking pedals. You can buy one of those cans that come with a nozzle, direct it on the squeaky joint and apply generously while pushing the pedal repeatedly until you don’t hear the noise anymore.

The brakes may need replacement of the discs. If you are a little skilled, you can do it yourself. If you are a girl with nice nails, you may want to skip this tip and go to a mechanic to have your problem sorted out.

If you have to change a light bulb, you don’t need to go to a car repair shop. you can do it, even if your car is a newer model that has very little access space for bulb changing operations. What you can do is to read first the car manual and see if the procedure is described there. If it is, you are good to go and try it for yourself. If it is not, just do an online search and you are most probably going to find some good instructions from other car owners who did it and took photos or made films in the process. You can save a lot of money, because light bulbs are cheaper in the normal stores and you won’t have to pay for the worker’s time and effort.

These are only two examples of things you can do by yourself when it comes to repairing your car. You can also change the motor oil and the filters, as all you need is a ramp to put your car on, so that you gain access to its bottom side. The rest is as easy as unscrewing and screwing a few knobs.

How to Fill a Royal Belly: Feasts for Kings

Back in medieval times, kings ate the best of anyone around. Most peasants would be sitting around chewing on sticks and on old grass, but not a king – no way. Kings ate the finest foods around. One of the finest foods around in medieval times was mushroom soup. If you’ve ever had mushroom soup today, you know that it’s might tasty. But the thing is, back in medieval times, people didn’t know which mushrooms were safe to eat and which ones were poisonous. Now of course the king isn’t going to chance eating a poisonous mushroom, so what did he do? Read on.

What the king would do to make sure he wasn’t going to be eating a mortal mycelium was that every mushroom that was brought before the king was cut in half. The king’s official taste tester would eat one half of the mushroom, and then if the taste tester hadn’t died by the next day, the mushroom was deemed safe to eat, and the royal soup was made. As you might imagine, this job had a very high fatality rate for the taste testers. It also did not really work all that well as a filtering method for weeding out poisonous mushrooms, because some mushrooms take more than a day for their poisonous natures to take effect.

This happened most notably to Eric XIV, the king of Norway in the middle of the thirteenth century. His taste tester dropped dead three days after eating a particularly tasty mushroom, and since Eric had eaten the mushroom the day after the tester, he knew he only had one more day to live. So what did he do, write out his last will and testament? Never! He ate as many mushrooms as he could, since he was going to die anyway.