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The Ben Franklin Method of Building Real Wealth
Buying a home with a Mortgage and you've commit to 15, 20, 30 even 40 YEARS of monthly payments. What an amazingly oppressive responsibility. When you've made 180 (15 years), 240 (20 years), 360 (30 Years) even 480 (40 years) of monthly payments you will finally completely own your home. Meanwhile you will have spent thousands paying interest to whoever loaned you the money.
For example, if you are paying $1,199.10 on your mortgage (200K at 6%) this would equate to paying over $431,676 over 30 years for your home. These payments include $231,676 in interest over the 30 year life of you mortgage. The first month you paid just under $200 of the $200,000 you owe. As time goes by, the monthly interest charges you must pay decrease, and you buy a little more of your house until one day after 30 years own totally your home. Part of the reason that it takes so long to pay off your home is your mortgage is set up so you pay the maximum amount of interest they can get first.
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Working together through Services, savings, smiles, unity, profit, to provide money making and business opportunity for successful people.
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Universal Telecom
Call cheaper with Universal Telecom. Our company provides telecommunication services to businesses and residential customers through one of the largest telephone networks in the world. We belive that people deserve the right to communicate at the lowest possible price.
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