I wanted to know the best way to pay a mortgage to save as much money as possible. Here are the conclusions that you want to take away from my studies.
Was it better to pay you mortgage weekly, bi-weekly or monthly?
-> Paying you mortgage weekly would save you 1294.12$ on a 200 000$ mortgage amortized over 25 years (rate of 5.4%). Now that's not a ton of money but it does not cost you anything. You do not have to increase your payments at all to save. So take the saving and run with it.
-> The higher the interest rate the more you will save. If we double the interest rate, the savings are 7.08 times larger. That means that there is an exponential factor that increases, power of this strategy.
-> Paying your mortgage weekly generates 43% more savings than paying your mortgage bi-weekly.
How to increase your savings by weekly accelerated payments?
Recently many people have started to use a strategy called weekly accelerated mortgage payments. That means that they not only save money by paying weekly but they also make their payments a little bigger and save a lot of money.
To do this they simply take their monthly mortgage payment and divide it by 4. Since there is a little more than 4 weeks in a month (actually there are 4.33) they end up making 4 weekly payments more every year.
-> On a 200 000$ mortgage (rate 5.4% amortized over 25 years) the extra payment would only be 23.25$ per week.
-> You would pay out the mortgage 3.7 years earlier
-> The total savings would be 23 173.78$. Not bad! (for details visit the resource box)
Paying your mortgage weekly and accelerated is worth it! The savings on the capital you use to increase your payments is equal to having a return on investment of 7.52%. Not bad for a guaranteed return!
Saving money does not have to be complicated: pay your mortgage weekly. If you can accelerate your payments a little, you'll save more. If paying your mortgage weekly is not possible then pay it bi-weekly. It's not as good as paying weekly but it's better than paying monthly!
Pay Your Mortgage Off
What we really need to achieve is precision, or as close to it as we can obtain. To achieve this objective we need to understand how Google works. For more details visit to www.googleatmcash.com when the Google spider crawls your site to determine which adverts to display it must be concerned ONLY about the content.
A few prominent online business people have speculated that not much optimization is necessary, but I sense that is their justification for not being bothered, plus they are not 'Google Adsense' experts. Here is the answer...
Priority one - is to use the 'main' word in the website page name 'cum' extension. Don't use for example - yourwebsite.com/page003.html - it should be - yourwebsite.com/101-adsense-tips-and-tricks.html, or whichever your subject is.
Priority two - is to use the word or word phrase in the html 'title' Meta tags. That is. In Microsoft Front Page every new web page built is initially given by default, a Meta tag of - New Page 1. This needs to very specifically your word or word phrase only.
Whilst we are on Meta tags I'll mention 'Priority 6', albeit out of order. The key description has been abused in the past where people have been adding 200 words in the tag area. Just build a page specific to the key or phrase; and put the key alone within that tag: Many search engine optimizers have argued whether this tag has much use anymore. I'm one to say, better safe than sorry.
Whilst still on Meta tags it would also seem prudent to mention the word or phrase in the Meta tag description. Such a description is what the search engines pick out to display in the listings. A good description including your key will attract people to click on your website link over and above choosing another website first.
Priority three - heading tags. That is the h1, h2 etc ... Avoid using a heading like this: Today's Special Offers. You would be better including the Google-Key within the title, like this: Property in London - Here are Today's Specials.
Priority four - making your Google-Key bold. You're Google-Key or phrase density should be between 2 to 5%; any more than that and you may be accused of spamming your Google-Key. On a page with a 1,000 words, I would say that making every keyword bold maybe too much. Just make the first two mentions of it bold, for more details visit to www.guardadsense.com and then the very last mention bold.
Intermingled with the bold it is good to italicize sometimes and underline another.
I hope these have helped and you arrange for tweaking your website soon.
Both Gregory Van Duyse & John00000001 are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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