No More Mortgage

No More Mortgage is a unique company that helps it's clients to accelerate the pay down on their debts through an automated system that has been saving their clients both time and money for over 6 years.

They have refined their program continuously over the years and their average client saves $108,000 in interest, 10-20 years off of their mortgage, and enjoys an effective interest rate of approximately 3.8%. That is the average savings. Some clients save less and some save considerably more.

Their program is designed to help both home owners and non homeowners that are carrying several debts and are able to make their payments today.

View a short 2 minute video on  NO MORE Mortgage..

No More Mortgage has an A+ with the Better Business Bureau. That's a hard rating to achieve.

They've been accredited with the BBB since 2003 and have worked hard to take care of their clients. Their rating shows you that they aren't some fly by night company with no track record.

The BBB is there to watch out for you, and has them with their highest rating. Achieving that rating doesn't mean that they sit back and rest on their laurels. They continue to work hard every day to keep that rating and ensure that clients are happy and well taken care of.

If you would like to view their A+ Rating on the BBB website, click here.

NO MORE Mortgage was founded to help you to reclaim your future from the debt that you carry. While you may think you know how much you owe is what you'll pay back, you actually pay back much more due to the interest that you will repay. So what you read as the balance due on your statements is mis-leading. That's one of the reasons they offer a free debt analysis to you, so that you can see how long it will really take to pay off your debts and what it will cost you. You need information in order to make informed, better decisions.

Their mission is to reverse the tremendous pressure of living with debt, and trying to pay off. the huge amount of consumer debt crushing the future of America. The approach is to show you how you can manage your debt elimination, combined with successful and ongoing education. Their clients experience interest savings of $20,000 to $200,000 or more, and are able to eliminate all of their debt, including a mortgage if they have one, often in under ten years. And yes, many of those clients have a 30 year mortgage when they start the program.

NO MORE Mortgage utilizes technololgy where it matters, and common sense where it counts. They have a nationwide live-call system that allows homeowners to receive immediate phone consultation with one of their highly trained, and personally motivated, Personal Finance Analysts. Your debt information can easily be entered into a sophisticated computer program by the analyst which creates a personalized financial analysis showing you a new proposed debt restructuring, providing you with your interest savings, and estimated debt free date.

Enrollment in their Fully Automated Program is particularly attractive to clients because it:

• Avoids the damage to your credit that debt settlement and many other programs create.
• Works within your current income and doesn't require a line of credit like other programs can..
• Dramatically reduces the stress that comes with carrying a heavy debt load..

They'll help you gain leverage over your debts, and work toward re-building your future.

 Ask yourself this question. "How much do I owe and when will I be completely out of debt".
If you look at the balances on your statements to determine how much you owe, you're going to be surprised when you find out the real answer. Your statements give you the principle balance that you owe but don't tell you how much you'll really pay once you factor in the interest.
 No More Mortgage will run a free debt analysis for you that shows you how much you will really pay on all of your debt and how long it will take you to pay it all off based on how you are paying your debts today. That analysis also includes a comparison that shows how much their automated program can save you in both time and money. There is no obligation and no cost.
 You can simply contact them and ask for a free analysis and they will prepare it once you have provided them with your debt information. No acount numbers or information that could put you at risk are needed to have the analysis run.
You really need this information to help you make better informed decisions when it comes to your finances. You'll be surprised at how much you really owe versus what you thought you owed. Take advantage of the free analysis.

They offer a free audio CD on eliminating debt that they're happy to send you. You'll learn about strategies that can show you how to become debt free.

They also offer a Financial Toolkit that will teach you how to achieve your goal of becoming debt free. It includes an orientation DVD,audio CDs, a 365 page guide, workbook, and tracking sheets.

Their most popular program is a fully automatic program that does all of the work for you. It could eliminate all of your debt in 1/2 to 1/3 of the time it will take you now. They offer and create a free debt analysis for you first and show you how much money you could save and when you could be debt free if you choose to use this system.

You owe it to yourself to contact No More Mortgage today and ask for your audio CD and free analysis. Part of your analysis shows you how much you will pay out on your debt based on how you are paying your debts today, which will surprise you.

Learning to budget well and staying with it regularly could help you find yourself with no more mortgage or other debt years ahead of time.

A solid foundation for financial independence can be found in learning to budget skillfully. If you are like most people, budgeting is not the first thing to come to mind when planning your time. But you will realize that it's one of the most formidable ways to get ahead financially. If you want to pay off your debt quicker and improve your retirement account standings, learning to budget skillfully will help you get there. You can use it to pay down your debt and find yourself devoid of debt and with no more mortgage payments years sooner than you expected. It can aid you to get through the troublesome times and financial emergencies that can arrive out of nowhere.

If you already budget or have attempted to budget, you know that it can be difficult to stay on track. It can be a real challenge. Here are a few steps to help you stay with your budget and stay on track to the financial success you deserve.

Find money you have squandered and save more next month:

Pull out your bank statement and list what each expenditure was for. Next, sum the items together that were not necessary and could have saved you money. You may determine that you eat out too much or are wasting more money when you go out than you thought you do. You need to pay closer attention to your cash withdrawals too. It is far too easy to spend cash in your pocket which you usually don't keep close track of.

Put more focus on increasing your savings:

You should work towards building up adequate savings to address an emergency that comes up or a period of time due to job loss. You don't want to be forced to use credit cards for an unexpected expense. You can decide how much you could put into your savings to get started

Use Cash prudently:

It's better to use cash than credit cards. Building up compounded interest in a credit card is something you don't want or need. It can grow rapidly and get out of control before you recognize it. You're better off not having a lot of cash on you since it's easy to squander and not realize how much you spent. Use your debit card whenever feasible as it's also easy to track and watch your spending with. Quit carrying your credit cards if you have trouble not using them.

Discover and eliminate bad habits:

Some of them could cost you far more than you know, such as your daily coffee pick-me-up, eating lunch out, and weekend amusement. You have to decide what's more important to you. Is it important to you to retire with no more mortgage or other debt payments? How are you going to get there?

You can start by listing the habits you have that are wasting money and put an end to them. small expenses add up over time, and eating out every day for lunch could cost you tens of thousands in lost retirement income in the future.

Share the Responsibility with your family:

Everyone in your household should understand why you have a budget and how you will follow it. Let them know what you are trying to achieve so they are supportive and understand why they can't spend more. Sit down with your spouse and make a plan for your spending and budgeting. Check in every week to make sure you stay on track or decide how to get back on track if you trip-up. With arguments over finances being one of the chief causes of divorce, managing your budget together can help relieve or even prevent financial stress on your marriage and your family.

Pay Down Debt:

You should have a plan for your debt in place. When you're struggling with debt, you may start to feel like it's going to take forever to pay it off. Over the last few years, retirement accounts have fallen and the stock market has proven that you can't depend on it. One of the only guaranteed returns on investment comes from paying off debt and not having to pay the interest on it anymore. Every time you pay off a debt you can better your cash flow too.

Re-examine your latest spending and expenditures:

You want to review your spending every month and look at your budgeting progression. Continue to reexamine your statement and receipts to look for more opportunities to cut your spending. Think about taking lunch with you to save more money. Set up a carpool with a buddy or someone you work with. Make little cuts where you can to increase the amount of money you have to save or put toward paying down your debt.

Sticking to a budget is key to paying off your debts and having no more mortgage payments. It is essential to taking control of your financial future and the retirement you deserve.

Why would you take out a new mortgage if you want to retire with no more mortgage or other debt?

This is the classic "refinance to pay off your debts strategy" that succeeded for some but failed for so many.  Let's look at the good and bad points of this strategy. And one 2 things that doom most to fail.

 You need to understand that this technique doesn't actually pay off the debts in the loan. What is happening is that you have moved the debts over to the new consolidation loan where you could experience both positive and negative results.

The benefits of consolidating the debts in a loan are:

1. Your available cash becomes higher which can give you some relief in your budget. If you compare the size of the current personal debt payments as a whole to the size of the smaller new loan payment you should see a significant benefit in the new mortgage loan.

2. Your tax write off or tax liability will improve allowing you to write off a larger amount of interest than you were before. This could also allow you to change your dependent deductions at work and increase your bring home giving you more money to work with. First, you need to consult with your tax professional who will be able to affirm your eligibility for tax deductions and changing your dependents.

3. The new supplementary cash you will have can help you knock down your personal debt faster. This improvement in cash flow could help you knock your mortgage down and out in a fraction of the common time. You could end up paying off the 30 year mortgage in half the time of better depending on how much you add to the payments. Just think about that. You'd be looking at no more mortgage payments or any other debt much sooner.

Now you also need to see the potential down side of the loan:

1. You end up with a bigger mortgage than you have now. If you are improving your cash flow it should make paying the mortgage a little easier for you.

2. Fees for your new mortgage loan. High fees may mean the payment might not make sense so double check everything before you move forward. It is isn't clearly in your benefit do not sign the papers for the new loan.

You should also know this:

Over the last few years we have seen far too many home owners that meant well but ended up worse than they were before getting the consolidation loan. Home owners were getting consolidation loans which freed up their credit cards and then a year or two later they had filled up their credit cards all over again. The lack of financial discipline was their downfall.

Continuing to build up debt while you are trying to reduce your personal debt is not going to work. You have moved your debt around to gain a cash flow advantage. Many home owners have created cash flow they could use to pay down their debt but have let their personal debt creep back up and ruin their plans. Instead of heading to no more mortgage in retirement they added to it and then built up more personal debt.

The rate on the new consolidation loan could be directly tied into the commission of the loan officer. If you are paying an origination fee your rate may not be higher than the market if they aren't getting paid that way. Or they could get paid on the front and the back meaining based on rate plus an origination fee on the loan. You need to know exactly what you will be paying monthly and what your costs are going to be. You could be negotiating on both your rate and the loan officer's commission which are going opposite ways.

The loan option giving the most cash out is quite often the option being chosen by the home owner. Not good. That could sound good up front but every dollar you pull out is costing you in interest and coming directly out of your home's equity.

You need to be aware of any pre-payment penalties that are on your current mortgage loan. It has been very common in the past for home owners to spend hundreds to thousands of dollars on pre-payment penalties they did not anticipate. You would be surprised at the high percentage of people that don't know they have an early pay off penalty or fee. You can look at your current mortgage loan documents if you aren't sure.

Then check out who you want to work with at the BBB website to see what their rating looks like.

You have some good information now so consider the following too.

1. When you are paying off debt with your mortgage you are not really paying anything off. The debt was just moved to the mortgage where it became part of a long term debt. You are increasing your risk of losing your home if you become unemployed or disabled. It could end up being the wisest move you've ever made financially if you stay disciplined and use the extra cash flow correctly. It could easily cripple you financially if you aren't disciplined and build up more debt. You could very easily run your personal debt up beyond where it was. You'll never have no more mortgage payments that way.

2. You need to be able to make the new mortgage payment which will be bigger than the the old one. The new payment will be less than you were paying out on your total monthly debt before and you need to be careful not to consume the freed up cash.

You might have already been through a cycle of using a mortgage refinance to pay down debt and then found yourself right back where you started a few years later or deeper in debt.

You want pay off your personal debt and have no more mortgage payments. It could still happen with the right strategy.

There are two tools you need to make this work that will always help you to control your spending and meet your goals.

Budgeting.and Financial Discipline.

If you budget well and stick with it you'll gain considerable control of your finances. You'll find it easier to make headway and avoid credit card debt traps while working your way towards having no extra debt and no more mortgage payments. You need financial discipline to avoid over spending and the knowledge of where you are financially from budgeting will help you stay on track.

Become a master of budgeting and your entire financial future will change.