a financial gps to find the quickest route to zero debt, presented by serena lambiase
DESCRIPTION
A financial GPS to find the quickest route to zero debt; Software program that guides you to pay off your morgage and ALL debts faster by using interest cancellation methods; NO LOANS necessaryTRANSCRIPT
DEBTDEBT IS AT AN IS AT AN ALL TIME ALL TIME
HIGHHIGH
The ProblemsThe Problems
LITTLE TO NO
FINANCIAL EDUCATION IN SCHOOL
The ProblemsThe Problems
CONVENTIONAL PROGRAM ma Money Merge Account®
$200,000 TOTAL INTEREST SAVED USING THE MONEY MERGE ACCOUNT®
51 YEARS OLD 51 YEARS OLD
28.5 YEARS TO ZERO 10.4 YEARS TO ZERO
$255,000 IN INTEREST $55,000 IN INTEREST
DAVID MONTGOMERY BATON ROUGE, LA
DAVID MONTGOMERY BATON ROUGE, LA
Principal Interest Balance Equity PAID
Month 1
Month 2
Year 1
Year 5
Year 10
Year 21
Year 30
30-Year, $200,000 Loan - 6% Interest Rate - $1,199.10 Monthly Payment
The Real TRUTH in Lending
Principal Interest Balance Equity PAID
Month 1 $199.10 $1,000
Month 2
Year 1
Year 5
Year 10
Year 21
Year 30
30-Year, $200,000 Loan - 6% Interest Rate - $1,199.10 Monthly Payment
The Real TRUTH in Lending
Principal Interest Balance Equity PAID
Month 1 $199.10 $1,000
Month 2 $200.10 $999
Year 1
Year 5
Year 10
Year 21
Year 30
30-Year, $200,000 Loan - 6% Interest Rate - $1,199.10 Monthly Payment
The Real TRUTH in Lending
Principal Interest Balance Equity PAID
Month 1 $199.10 $1,000
Month 2 $200.10 $999
Year 1 $210.33 $988.77 $197,543 $2,457 $14,389
Year 5
Year 10
Year 21
Year 30
30-Year, $200,000 Loan - 6% Interest Rate - $1,199.10 Monthly Payment
The Real TRUTH in Lending
Principal Interest Balance Equity PAID
Month 1 $199.10 $1,000
Month 2 $200.10 $999
Year 1 $210.33 $988.77 $197,543 $2,457 $14,389
Year 5 $267.22 $931.88 $186,108 $13,891 $71,946
Year 10
Year 21
Year 30
30-Year, $200,000 Loan - 6% Interest Rate - $1,199.10 Monthly Payment
$58,055Interest
The Real TRUTH in Lending
Principal Interest Balance Equity PAID
Month 1 $199.10 $1,000
Month 2 $200.10 $999
Year 1 $210.33 $988.77 $197,543 $2,457 $14,389
Year 5 $267.22 $931.88 $186,108 $13,891 $71,946
Year 10 $360.44 $838.66 $167,371 $32,628 $143,891
Year 21
Year 30
30-Year, $200,000 Loan - 6% Interest Rate - $1,199.10 Monthly Payment
The Real TRUTH in Lending
Principal Interest Balance Equity PAID
Month 1 $199.10 $1,000
Month 2 $200.10 $999
Year 1 $210.33 $988.77 $197,543 $2,457 $14,389
Year 5 $267.22 $931.88 $186,108 $13,891 $71,946
Year 10 $360.44 $838.66 $167,371 $32,628 $143,891
Year 21 $696.23 $502.89 $99,877 $100,123 $302,173
Year 30
30-Year, $200,000 Loan - 6% Interest Rate - $1,199.10 Monthly Payment
The Real TRUTH in Lending
Principal Interest Balance Equity PAID
Month 1 $199.10 $1,000
Month 2 $200.10 $999
Year 1 $210.33 $988.77 $197,543 $2,457 $14,389
Year 5 $267.22 $931.88 $186,108 $13,891 $71,946
Year 10 $360.44 $838.66 $167,371 $32,628 $143,891
Year 21 $696.23 $502.89 $99,877 $100,123 $302,173
Year 30 $431,677
30-Year, $200,000 Loan - 6% Interest Rate - $1,199.10 Monthly Payment
The Real TRUTH in Lending
$200,000
$10,000(not required to
have large line of credit; this is an
example)
MO
RT
GA
GE
FACILITATING
ACCOUNT
CHECKING
SAVINGS
CREDIT CARD
REVOLVING DEBT
HELOC
“FUNDS TRANSFER” MOVE MONEY FROM YOUR
FACILITATING ACCT. TO PAY DOWN YOUR 1ST MORTGAGE& OR TOTAL DEBT
“FUNDS TRANSFER” MOVE MONEY FROM YOUR
FACILITATING ACCT. TO PAY DOWN YOUR 1ST MORTGAGE& OR TOTAL DEBT
$195,000
$5,000 FUNDS TRANSFER
MO
RT
GA
GE
$5,000
Facilitating Account
Impact of a Funds Transfer
$200,000.006%
X 360$431,677
$200,000.00<5,000.00>$195,000
360 monthsReduced to337 months
Saves the Borrower
23 months of payments
Saves the Borrower
$23,304.00of future interest
MONTHLY BUDGET EXAMPLEMONTHLY BUDGET EXAMPLE
$5,000 MONTHLY “NET” INCOME
-$4,000 LIVING EXPENSES
$1,000 DISCRETIONARY INCOME
MONTH 1
$1995MONEY MERGE ACCOUNT® FEE$1505CREDIT CARD BALANCE (DOESN’T HAVE TO BE CREDIT
CARD; FACILITATING ACCT COULD BE HELOC, ALOC, CREDIT CARD, SEPARATE SAVINGS ACCT, ETC)
$4,000 EXPENSES$7,500$5,000 INCOME$2,500 AVERAGE MONTHLY BALANCE
MONTH 2
$2,500STARTING BALANCE$4,000EXPENSES$6,500$5,000INCOME$1,500
$20.83
$12.50
MONTH 3
$1,500 STARTING BALANCE$4,000 EXPENSES$5,500$5,000 INCOME$ 500$3,675.77 FUNDS TRANSFER$4,175.77 AVERAGE MONTHLY
BALANCEPrincipal Interest Balance
Remaining
Payments
Month 1
199.10 1,000.00 199,800.90 359
Month 2
200.10 999.00 199,600.80 358
Month 3
201.10 998.00 195,723.93 339
Month 4
220.48 978.62 195,503.45 338
Month 5
$34.80
INTEREST CANCELLATION
$17,249
REDUCED MORTGAGE BY
18 MONTHS
Principal Jump
3 MONTH TOTAL
$68.13
$220.48
$201.10
$ 19.38
FAST FORWARD...FAST FORWARD...
MONTHS 4 – 5 – 6MONTHS 7 – 8 – 9
MONTH 10$4,003.68 STARTING BALANCE$4,000 EXPENSES$8,003.68$5,000 INCOME$3,003.68 AVERAGE MONTHLY
BALANCE
MONTH 11$3,003.68 STARTING BALANCE$4,000 EXPENSES$7,003.68$5,000 INCOME$2,003.68
$25.03
$16.70
MONTH 12
$2,003.68 STARTING BALANCE$4,000 EXPENSES$6,003.68$5,000 INCOME$1,003.68$2,917.67 FUNDS TRANSFER$3,921.35 AVERAGE MONTHLY
BALANCEPrincipal Interest Balance
Remaining
Payments
Month 10
256.59 942.51 188,245.86 308
Month 11
257.87 941.23 187,987.99 307
Month 12
259.16 939.94 184.811.16 295
Month 13
275.04 924.06 184,536.12 294
Month 14
$32.68
INTEREST CANCELLATION$ 10,184
REDUCED MORTGAGE BY14 MONTHS
PRINCIPAL JUMP
12 MONTH TOTAL
$297.89
$275.04
$199.10
$ 75.94
12 MONTH TOTAL
INTEREST CANCELLATION
$50,862
12 MONTH TOTAL
REDUCED MORTGAGE BY
53 MONTHS
LOAN AMOUNT: $200,000
Money Merge Account® program Conventional ProgramSTARTING BALANCE $200,000
Balance in 1 year:
10.4 years
$70,422
30 years
$231,677
$200,000
Balance in 5.5 years:
REPAYMENT TIME
TOTAL INTEREST PAID
TOTAL INTEREST SAVINGS: $167,219
$184,811 $184,752BALANCE IN 1 YEAR:
$197,543
ACHIEVING YOUR FINANCIAL GOALS BEGINS WITH DEBT ELIMINATION
LET THE MA CAPITAL RESOURCES REPRESENTATIVE WHO
INTRODUCED YOU TO OUR POWERFUL SOLUTION RUN A FREE
ANALYSIS FOR YOU
Serena Rinaldi Lambiase(203) [email protected]