Mortgage, Refinance, Home Loans, Credit Cards, Debt Consolidation: My Finance Advice: YOUR Free Financial Advisor and Independent reviews of financial companies


Below are companies our independent experts recommend. We have reviewed hundreds of companies to find these few. If you are looking for the best rate, we recommend filling in rate request forms for all of the following companies. All are NO obligation as always. Lower My Bills Easily the best place online to get free quotes for home loans, refinancing, home equity and debt consolidation. High customer satisfaction. More Information iHome Mortgages The fastest free rate quote we've ever seen! A simple, firendly one page form lets you request a rate quote for a refinance, home improvement, debt consolidation or mortgage. You choose wether you want to be contacted. More Information Mortgage-Healthcare-Financial Planning Get immediate quotes from the nations leading lenders. MHFP tends to offer some of lowest rates available that we have found. More Information Credit & Debt Another of the nation's leading leanding organizations. Credit & Debt offers a simple no hassle online form to request rate quotes. No obligation or sales calls. More Information Free Credit Report Knowing your credit score is important when applying for loans, credit cards, etc. With it you'll be armed with information that may help you get a better rate as well as contest why you may have been turned down. We applaud iCreditReports for offering a free credit report and score to our visitors. Contrary to belief, checking your own credit doesn't hurt a thing! More Information		ABOUT MORTGAGES A mortgage is what one owes on his or her home or other real property that is secured by the property itself. While homeownership and all the paperwork it involves is extremely complicated, a simple example is suitable for demonstrating what a mortgage is. If someone is living is a $250,000 home, and he is able to put down $25,000, the mortgage is $225,000, which can be broken down into monthly payments and spread out over the course of 15, 20 or even 30 years. DEFINITIONS Annual percentage yield (APY) The effective, or true, annual rate of return. The APY is the rate actually earned or paid in one year, taking into account the effect of compounding. The APY is calculated by taking one plus the periodic rate and raising it to the number of periods in a year. For example, a 1% per month rate has an APY of 12.68% (1.01^12 -1). Adjustable rate mortgage (ARM) A mortgage having an interest rate which is usually initially lower than that of a mortgage with a fixed rate but which is adjusted periodically according to an index (as the cost of funds to the lender) MORTGAGE RATE TRENDS Why Refinance?! - Consolidate your high-interest debt. Consolidate high-interest debt such as credit cards. Your overall monthly payments will be reduced and may even be tax deductible.* - Get extra cash. Refinancing can give you extra cash for the things you've always wanted to do. Like taking that vacation. - Home Improvement Loans. Fix the roof, purchase new kitchen cabinets, or remodel to increase the value of your home.
	TAX TIME TIPS Top Ten IRS Red Flags! You may be red flagged by the IRS and increase your chances of an audit if you have one or more of the following: 1- Substantial business meal and entertainment deductions 2- Unreported income, in the form of investment returns or contract work 3- Excessively high incomes compared to the previous year 4- Large deductions relative to income 5- Excessive home office deductions 6- Losses from a hobby rather than a business venture 7- Offshore credit cards 8- Low incomes, but significant business deductions 9- Non-cash charitable deductions 10- Several dependents What It Takes to Become a Millionaire It's easier than you think... For example, a 30-year old making $50,000 a year (plus 3% raises each year), saving 10% of their income with a 10% return each year could expect to hit millionaire status at age 59. If they work until the traditional retirement age of 65, they will have over two million dollars saved up. 10% may sound like an aggressive amount of saving, but it could be a combination of employee contributions to a 401k, savings account, stocks, etc.

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