The Banker's SecretAt last, finally available through general distribution, here is "The Banker's Secret" by Marc Eisenson--the book that has already helped over one hundred thousand families save literaly "billions" of dollars in otherwise wasted interest costs. Only in these pages will you find out how to use your mortgage to create a long-term college-tuition plan for your children. And only in this book will you find the truth behind the myths about bank rules, tax deductions, pre-payment penalties, and the supposed advantages of deficit living that keeps most borrowers from reaping the dramatic savings small mortgage prepayment produce. |
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Contents
INTRODUCTION | 3 |
The More You PrePay the More Youll Save | 4 |
Irregular Monthly PrePayment Schedule | 10 |
Copyright | |
16 other sections not shown
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Common terms and phrases
30-YEAR LOAN COMPARED AMORTIZE LOAN TERM AMOUNT MONTHLY PAYMENT AMOUNT PRE-PAY SAVE balance bank Banker's Secret BI-WEEKLY LOAN AMOUNT BI-WEEKLY PAYMENT TABLE BI-WKLY PAYMENT TERM borrowed DEBT REDUCTION TABLE DOLLARS MOS DOLLARS example Figure increase INTEREST BI-WKLY PAYMENT INTEREST RATE INTEREST SAVED YR/WK investment Irregular LOAN AMOUNT MONTHLY LOAN AMOUNT PRE-PAY LOAN PAYMENT TABLE look month MONTHLY LOAN PAYMENT MONTHLY PAYMENT TOTAL MORTGAGE FACTOR TABLE MOS DOLLARS MOS Paid PAYMENT TABLE DOLLARS PAYMENT TABLE TYPICAL PAYMENT TERM YR/WK PAYMENT TOTAL INTEREST percent PRE-PAY SAVE 50 PRE-PAY SAVE PRE-PAY PRE-PAYMENT SAVINGS TABLE pre-payment schedule principal REDUCE A 15-YEAR REDUCE A 30-YEAR remaining REQUIRED TO AMORTIZE SAVE PRE-PAY SAVE SAVED YR/WK SAVED TABLE DOLLARS REQUIRED TABLE TO REDUCE TABLE TYPICAL 30-YEAR TERM OF LOAN TERM YR/WK INTEREST TOTAL INTEREST BI-WKLY TYPICAL 30-YEAR LOAN YR/WK INTEREST SAVED YR/WK SAVED 50
Bibliographic information
| Title | The Banker's Secret |
| Author | Marc Eisenson |
| Publisher | Villard Books, 1990 |
| Original from | Indiana University |
| Digitized | Jun 2, 2010 |
| ISBN | 0394586042, 9780394586045 |
| Length | 232 pages |
| Export Citation | BiBTeX EndNote RefMan |