Dein erstes Forum » This ash vacuum has been exclusively designed for

For years Cheap Minnesota Timberwolves Jerseys , mainstream banks and financial advisors have been recommending that you pay extra cash into your mortgage account in order to cut down the huge interest amount and reduce the period over which you pay back the loan.

For example, if you borrow $200,000 over 30 years at a rate of 5%, your monthly repayments would be around $1074. Over 30 years, you would actually pay $1074 x 360 (months), which is $386 Cheap Timberwolves Jerseys ,640. That's a of $186,640 in interest!

Now if you could find an extra $246 a month, and pay $1320 a month into your mortgage account, you would cut 10 years off the repayment period - the loan would be fully paid in only 20 years instead of 30 years. Moreover, your total payments would be $316,664 -saving you $69 Wholesale Anthony Brown Jersey ,756! Looks like BIG savings for you right? Not so fast reading.

You see, the flaw in this technique is that it ignores the time value of money.

The banks, mortgage lenders and other financial types know that money is worth less now than it was when they were younger. Take that $1074 mortgage repayment for instance, in 30 years time, when the last payment is due, it would only be worth $437 in today's money (based on current inflation growth).

A dollar now is always better than a dollar in a year's time or in 10 years from now.

How does the time value of money affect our example?

You cannot simply subtract the mortgage interest amount for a 20 year mortgage from the interest on a 30 year mortgage. What you need to do is calculate the Present Value of each mortgage.

The Present Value of a 30 year mortgage with repayments of $1074 at a 5% interest rate is $200 Wholesale Taj Gibson Jersey ,066.

The Present Value of a 20 year mortgage with repayments of $1320 at a 5% interest rate is $200,066.

Thus, the two repayment plans are exactly equal over time.

Much of this $69,756 'saving' on the interest rate is really no more than the result of you paying the extra $246 a month. That $246 a month for 20 years totals $59,040.

What if you took that $246 a month and invested it in, for example Wholesale Justin Patton Jersey , mutual funds?

If you could get a return of 10% each year, after 20 years you would have $186,804. With inflation at 3%, that would be worth $102,597 in today's money.

So why would the banks recommend that you pay off your mortgage quickly? Surely the longer the income stream lasts, the better right? - wrong.

Banks love being able to prove that their recommendations will 'save you money'. But in reality Wholesale Jamal Crawford Jersey , and as I stated earlier, the banks have a very good understanding of the time value of money. They know the true value of that extra $246 a month that you're giving them now, and not in the future. And the shorter the time you take to repay the mortgage, the lower their risk, and the sooner their money comes back to them to be loaned out again.

There are some arguments for paying your mortgage back quickly - for one thing, the quicker you pay Wholesale Nemanja Bjelica Jersey , the quicker your equity grows. But you should understand that every dollar you give the bank now is a dollar that you can't invest.

Giving your money to the bank to avoid paying 5% interest means that you can't use that money to earn 10% or 12% or 15% interest somewhere else.

If you're currently following an accelerated payment plan, you may want to have a family andor financial advisor pow-wow. This meeting should focus on whether or not those extra mortgage dollars can be invested to earn a more positive cash-flow for you instead of your bank.

This article by C Raymond Merrick takes a closer look at the accelerated mortgage plans that actually benefits the banks, mortgage lenders, and home loan companies more than the consumer. For more articles and information about hidden mortgage resources, secrets, strategies and tips Wholesale Gorgui Dieng Jersey , visit Mortgage HotLinkZ

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PowerSmith PAVC101 Ash Vacuum Review Technology Articles | September 1, 2013
The PowerSmith PAVC101 ash vacuum is one of the newest and least expensive vacuum cleaners. It is manufactured in China. It was introduced by Richpower Industries of South Carolina. The vacuum cleaner has a fire resistant, replaceable, and washable two layered filter system.


Being a relatively new product it's a promise of future technology. It has been receiving enthusiastic reviews so far. To make sure customers will be happy with the purchase of PAVC101 the producer gives a two year limited warranty.


This ash vacuum has been exclusively designed for cleaning cool and warm ashes up to 140° F (60° C) that are out of pellet stoves Wholesale Tyus Jones Jersey , wood stoves, fireplaces, as well as of barbeque grills. Its 16ft long power cord, wheeled base and attached accessories allow this item to be used for dry vacuuming as an ordinary shop and garage vacuum or for general household use, or even as a blower.


The vacuum can be easily converted for dry vacuuming. Of course you need to empty the canister before changing the set up for safety reasons.


Filters


The PowerSmith PAVC101 Ash Vacuum has a fire resistant and HEPA grade filter system, that filters out your finest dust Wholesale Kevin Garnett Jersey , and prevents ashes to be blown out of the unit exhaust. It utilizes a special two-part construction giving it two surfaces. You can hand wash or replace it in case of damage. A new PowerSmith PAVC101 filter costs less than $15.


Motor


The vacuum has a powerful 1200watts, 10Amp motor that provides enough power to meet its all-purpose needs. Despite its powerful motor it produces noise level that is lesser than 80 decib. Cheap Nike Shoes Free Shipping Cheap Jordan 4 Cheap Nike Running Shoes Cheap Air Max Mens Cheap Nike Air Max 97 Cheap Air Max 90 Premium Cheap Air Max 270 Air Jordan 11 For Sale Air Max 2017 Clearance Cheap NFL Jerseys Free Shipping