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	<title>Comments for Mortgage Savings</title>
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	<link>http://www.mortgagesavings.com.au</link>
	<description>You can save thousands of dollars on your mortgage</description>
	<lastBuildDate>Fri, 23 Oct 2009 20:34:03 +0000</lastBuildDate>
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		<title>Comment on What is a good formula for splitting profits on a rental property investment? by free palm pre</title>
		<link>http://www.mortgagesavings.com.au/what-is-a-good-formula-for-splitting-profits-on-a-rental-property-investment/comment-page-1/#comment-767</link>
		<dc:creator>free palm pre</dc:creator>
		<pubDate>Fri, 23 Oct 2009 20:34:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.mortgagesavings.com.au/2009/09/29/what-is-a-good-formula-for-splitting-profits-on-a-rental-property-investment/#comment-767</guid>
		<description>Excellent article, bookmarked for future referrence</description>
		<content:encoded><![CDATA[<p>Excellent article, bookmarked for future referrence</p>
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		<title>Comment on Getting rid of neg equity by leasing a new vehicle? How does it work? by alfredb1979</title>
		<link>http://www.mortgagesavings.com.au/getting-rid-of-neg-equity-by-leasing-a-new-vehicle-how-does-it-work/comment-page-1/#comment-599</link>
		<dc:creator>alfredb1979</dc:creator>
		<pubDate>Tue, 29 Sep 2009 02:16:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.mortgagesavings.com.au/2009/09/29/getting-rid-of-neg-equity-by-leasing-a-new-vehicle-how-does-it-work/#comment-599</guid>
		<description>And buying American brands keeps most of the profits in the U.S.,
============

Which profit-making &quot;domestic&quot; brand would that be?

Nice try.&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;</description>
		<content:encoded><![CDATA[<p>And buying American brands keeps most of the profits in the U.S.,<br />
============</p>
<p>Which profit-making &quot;domestic&quot; brand would that be?</p>
<p>Nice try.<br /><b>References : </b></p>
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		<title>Comment on How should I go about refinancing my home? by Morgan Willicot</title>
		<link>http://www.mortgagesavings.com.au/how-should-i-go-about-refinancing-my-home/comment-page-1/#comment-595</link>
		<dc:creator>Morgan Willicot</dc:creator>
		<pubDate>Tue, 29 Sep 2009 01:52:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.mortgagesavings.com.au/2009/09/29/how-should-i-go-about-refinancing-my-home/#comment-595</guid>
		<description>Hello,
    Tired of Seeking Loans and Mortgages? Have you been turned down by  
your bank
because you have bad credit? Have you been scammed and you don&#039;t know what
to do?
 
   This was exactly how I felt until GOD sent a woman to help me with
financial assistance. You can contact her via
benitaloriinvestment@hotmail.com she Offers LOANS from $5,000.00 Min. to
$10,000,000.00 Max.at 3% interest rate. She is certified and trustworthy. She
can help you with financial assistance. Below are categories of loan she offers

Auto Loan
Home Equity Loan
Mortgage Loan
Business Loan
Personal Loan
Bad Credit Loan
Consolidation Loan
Etc....

If you are interested, you are required to provide her with:
 
*Applicant name.....................................
 
*Full address...........................................
 
*Phone number......................................
 
*Amount needed....................................
 
*Duration .................................................
 
*method of delivery (Bank or Check)...................................
 
   Note i am sending this to everyone because i feel this is the only way i
can show my appreciation for what he did for me.
 
Please Note: All replies should be forwarded to the Company&#039;s
E-mails: benitaloriinvestment@hotmailcom
 
Regards
Mr CORTNEY MORGAN&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;</description>
		<content:encoded><![CDATA[<p>Hello,<br />
    Tired of Seeking Loans and Mortgages? Have you been turned down by<br />
your bank<br />
because you have bad credit? Have you been scammed and you don&#8217;t know what<br />
to do?</p>
<p>   This was exactly how I felt until GOD sent a woman to help me with<br />
financial assistance. You can contact her via<br />
<a href="mailto:benitaloriinvestment@hotmail.com">benitaloriinvestment@hotmail.com</a> she Offers LOANS from $5,000.00 Min. to<br />
$10,000,000.00 Max.at 3% interest rate. She is certified and trustworthy. She<br />
can help you with financial assistance. Below are categories of loan she offers</p>
<p>Auto Loan<br />
Home Equity Loan<br />
Mortgage Loan<br />
Business Loan<br />
Personal Loan<br />
Bad Credit Loan<br />
Consolidation Loan<br />
Etc&#8230;.</p>
<p>If you are interested, you are required to provide her with:</p>
<p>*Applicant name&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.</p>
<p>*Full address&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.</p>
<p>*Phone number&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..</p>
<p>*Amount needed&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</p>
<p>*Duration &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.</p>
<p>*method of delivery (Bank or Check)&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..</p>
<p>   Note i am sending this to everyone because i feel this is the only way i<br />
can show my appreciation for what he did for me.</p>
<p>Please Note: All replies should be forwarded to the Company&#8217;s<br />
E-mails: benitaloriinvestment@hotmailcom</p>
<p>Regards<br />
Mr CORTNEY MORGAN<br /><b>References : </b></p>
]]></content:encoded>
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		<title>Comment on How should I go about refinancing my home? by dubious</title>
		<link>http://www.mortgagesavings.com.au/how-should-i-go-about-refinancing-my-home/comment-page-1/#comment-594</link>
		<dc:creator>dubious</dc:creator>
		<pubDate>Tue, 29 Sep 2009 01:43:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.mortgagesavings.com.au/2009/09/29/how-should-i-go-about-refinancing-my-home/#comment-594</guid>
		<description>With 8 years left on your own, gosh...I personally would not refinance.  The refinancing fees are so high...it would not be worth it to me.  Also, what you are suggesting sounds rather risky to me.  Rentals can be an ugly business and a lot of hassle.  Maybe you could find a house in your area that is seller financed, so you don&#039;t have to worry about a 2nd mortgage.  Or even a &#039;rent to own&#039; for a few years to see how it goes.  Regardless, I think I would try to finance the second home before I would go this route.&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;</description>
		<content:encoded><![CDATA[<p>With 8 years left on your own, gosh&#8230;I personally would not refinance.  The refinancing fees are so high&#8230;it would not be worth it to me.  Also, what you are suggesting sounds rather risky to me.  Rentals can be an ugly business and a lot of hassle.  Maybe you could find a house in your area that is seller financed, so you don&#8217;t have to worry about a 2nd mortgage.  Or even a &#8216;rent to own&#8217; for a few years to see how it goes.  Regardless, I think I would try to finance the second home before I would go this route.<br /><b>References : </b></p>
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		<title>Comment on What is a good formula for splitting profits on a rental property investment? by hollywoodmelody</title>
		<link>http://www.mortgagesavings.com.au/what-is-a-good-formula-for-splitting-profits-on-a-rental-property-investment/comment-page-1/#comment-589</link>
		<dc:creator>hollywoodmelody</dc:creator>
		<pubDate>Tue, 29 Sep 2009 01:39:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.mortgagesavings.com.au/2009/09/29/what-is-a-good-formula-for-splitting-profits-on-a-rental-property-investment/#comment-589</guid>
		<description>I would agree with Star in the facts that were stated by you. When going in with someone else on investment of real estate, always have everything decided at the beginning of the process. It doesn&#039; matter if its you and relatives, every partner needs to know everything before so there is no way for a lawsuit to incur.  Not in this case, but if there was a lawsuit, you could not only end up with no profit, but the property would be gone too.  Which in the long run could seriously hurt your credit.

Think Twice and a agein before doing this again.  Save everyone the headache in advance.&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;16 yrs real estate</description>
		<content:encoded><![CDATA[<p>I would agree with Star in the facts that were stated by you. When going in with someone else on investment of real estate, always have everything decided at the beginning of the process. It doesn&#8217; matter if its you and relatives, every partner needs to know everything before so there is no way for a lawsuit to incur.  Not in this case, but if there was a lawsuit, you could not only end up with no profit, but the property would be gone too.  Which in the long run could seriously hurt your credit.</p>
<p>Think Twice and a agein before doing this again.  Save everyone the headache in advance.<br /><b>References : </b><br />16 yrs real estate</p>
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		<title>Comment on Getting rid of neg equity by leasing a new vehicle? How does it work? by Bub</title>
		<link>http://www.mortgagesavings.com.au/getting-rid-of-neg-equity-by-leasing-a-new-vehicle-how-does-it-work/comment-page-1/#comment-598</link>
		<dc:creator>Bub</dc:creator>
		<pubDate>Tue, 29 Sep 2009 01:35:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.mortgagesavings.com.au/2009/09/29/getting-rid-of-neg-equity-by-leasing-a-new-vehicle-how-does-it-work/#comment-598</guid>
		<description>Sorry you are so far in debt on your cars, that is not uncommon.  Driving them out is about the only way to work this out. 

 Buying a Chevy, Ford or Chrysler is a good start, they will often go over 250,000 miles with minimal maintenance if they are kept up.  

And buying American brands keeps most of the profits in the U.S., keeps American workers working paying high payroll taxes and helps pay for all our community programs.&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;</description>
		<content:encoded><![CDATA[<p>Sorry you are so far in debt on your cars, that is not uncommon.  Driving them out is about the only way to work this out. </p>
<p> Buying a Chevy, Ford or Chrysler is a good start, they will often go over 250,000 miles with minimal maintenance if they are kept up.  </p>
<p>And buying American brands keeps most of the profits in the U.S., keeps American workers working paying high payroll taxes and helps pay for all our community programs.<br /><b>References : </b></p>
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		<title>Comment on What is a good formula for splitting profits on a rental property investment? by andy_phillips95125</title>
		<link>http://www.mortgagesavings.com.au/what-is-a-good-formula-for-splitting-profits-on-a-rental-property-investment/comment-page-1/#comment-588</link>
		<dc:creator>andy_phillips95125</dc:creator>
		<pubDate>Tue, 29 Sep 2009 01:27:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.mortgagesavings.com.au/2009/09/29/what-is-a-good-formula-for-splitting-profits-on-a-rental-property-investment/#comment-588</guid>
		<description>First, I&#039;ll assume that the rent paid by #1 was fair market value rent.  If it was less, then what I&#039;m going to suggest should be adjusted accordingly.

If you figure out how much it would have cost to have the property maintained by someone else, you can put a dollar figure on the maintenance, improvements, and property management.  That&#039;s usually about 10-15% of the fair market rent value each year.  If you had rent of $1,000 for 3 years, 10% of that figure would be $3,600-$5,400, depending on the amount of work it took to take care of the place.  If you had it for a long time, this can add up to a lot of money.  

Whatever you figure the value of the maintenance and other work was, #1 should get 85% of that and #3 should get 15% of that figure.  Remember to adjust this if #1 was paying less rent than an outsider would have paid, because that would mean they already benefited while living there.

If you take the net profits less the figure you derived for managing and maintaining the property, you get a net number that represents just your investment property gain.  This should be split 60% to #1, 30% to #2, and 10% to #3, which is in direct proportion to the dollar investment they had at risk.

The only topics left open are determining how much is a fair reimbursement for the work of maintaining the property and whether or not the rent was fair or needs to be adjusted.  You can get both questions answered by any professional real estate management firm in the area.

Good luck!&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;</description>
		<content:encoded><![CDATA[<p>First, I&#8217;ll assume that the rent paid by #1 was fair market value rent.  If it was less, then what I&#8217;m going to suggest should be adjusted accordingly.</p>
<p>If you figure out how much it would have cost to have the property maintained by someone else, you can put a dollar figure on the maintenance, improvements, and property management.  That&#8217;s usually about 10-15% of the fair market rent value each year.  If you had rent of $1,000 for 3 years, 10% of that figure would be $3,600-$5,400, depending on the amount of work it took to take care of the place.  If you had it for a long time, this can add up to a lot of money.  </p>
<p>Whatever you figure the value of the maintenance and other work was, #1 should get 85% of that and #3 should get 15% of that figure.  Remember to adjust this if #1 was paying less rent than an outsider would have paid, because that would mean they already benefited while living there.</p>
<p>If you take the net profits less the figure you derived for managing and maintaining the property, you get a net number that represents just your investment property gain.  This should be split 60% to #1, 30% to #2, and 10% to #3, which is in direct proportion to the dollar investment they had at risk.</p>
<p>The only topics left open are determining how much is a fair reimbursement for the work of maintaining the property and whether or not the rent was fair or needs to be adjusted.  You can get both questions answered by any professional real estate management firm in the area.</p>
<p>Good luck!<br /><b>References : </b></p>
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		<title>Comment on More debt than income qualify for debt reduction service? by craftgirl_2005</title>
		<link>http://www.mortgagesavings.com.au/more-debt-than-income-qualify-for-debt-reduction-service/comment-page-1/#comment-584</link>
		<dc:creator>craftgirl_2005</dc:creator>
		<pubDate>Tue, 29 Sep 2009 01:24:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.mortgagesavings.com.au/2009/09/29/more-debt-than-income-qualify-for-debt-reduction-service/#comment-584</guid>
		<description>My, cousin just filed for bankruptcy,I found out that you do pay them back-eventually. She pays 50..00 a month (what her lawyer fiqured she could afford,) it`s put into a trust fund, when it gets big enough they contact a credit card &amp; offer them an amount to pay in full.Sounds a lot like those dept reduction services, it `s not supposed to hurt her credit history eighter.I would really investigate both angles.I personally wonder who I would trust with my money more-a lawyer or service. She also keeps her house &amp; car, but cannot sell them.&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;</description>
		<content:encoded><![CDATA[<p>My, cousin just filed for bankruptcy,I found out that you do pay them back-eventually. She pays 50..00 a month (what her lawyer fiqured she could afford,) it`s put into a trust fund, when it gets big enough they contact a credit card &amp; offer them an amount to pay in full.Sounds a lot like those dept reduction services, it `s not supposed to hurt her credit history eighter.I would really investigate both angles.I personally wonder who I would trust with my money more-a lawyer or service. She also keeps her house &amp; car, but cannot sell them.<br /><b>References : </b></p>
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		<title>Comment on How should I go about refinancing my home? by blcohen529</title>
		<link>http://www.mortgagesavings.com.au/how-should-i-go-about-refinancing-my-home/comment-page-1/#comment-593</link>
		<dc:creator>blcohen529</dc:creator>
		<pubDate>Tue, 29 Sep 2009 01:21:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.mortgagesavings.com.au/2009/09/29/how-should-i-go-about-refinancing-my-home/#comment-593</guid>
		<description>Dear Leilani,

             Without greater knowledge of your full loan terms and the likelihood of your finding a &quot;good&quot; investment, I would recommend staying in your present position. Why?

             (1)  Your current payments reflect a far greater percentage of principle than interest.(2) Your financing costs will likely exceed any savings from a nominal discount on your interest rate for your remaining $80,000. (3) The real estate market is still at a critical stage for at least the next six months and markets that have not previously sufferred may suddenly tank on general economic grounds. (4) This is not the best time to take risks. (5) Enjoy your good fortune of being able to sleep well at night. (6) Unless the home you wish to purchase is in a distinct real estate market many miles from your rental property, you will be putting all your eggs in a single basket. Is this what you want to risk?

      Residential real estate is no longer a favorable investment strategy. Few people are rushing to buy or capable of getting loans. Your investment will bring a few extra dollars of income, slow appreciation and new best friends in the form of tenants who will call you 24-7 every time the toilet backs-up, some water leaks or light bulb flickers. You may not get a kick out of managing your property and take it personally when you see it being hard used or abused. Hard to get out of your situation once you take the plunge.

        Alternative- Buy common date U.S. gold coins or bullion. Stash in a safety deposit box. When Congress gets through spending 835 Billion Dollars we will see gold at @$2,500 oz. On the other hand, McDonalds will have new famous $10 value meals.

       Good luck.&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;Been there and seen that.</description>
		<content:encoded><![CDATA[<p>Dear Leilani,</p>
<p>             Without greater knowledge of your full loan terms and the likelihood of your finding a &quot;good&quot; investment, I would recommend staying in your present position. Why?</p>
<p>             (1)  Your current payments reflect a far greater percentage of principle than interest.(2) Your financing costs will likely exceed any savings from a nominal discount on your interest rate for your remaining $80,000. (3) The real estate market is still at a critical stage for at least the next six months and markets that have not previously sufferred may suddenly tank on general economic grounds. (4) This is not the best time to take risks. (5) Enjoy your good fortune of being able to sleep well at night. (6) Unless the home you wish to purchase is in a distinct real estate market many miles from your rental property, you will be putting all your eggs in a single basket. Is this what you want to risk?</p>
<p>      Residential real estate is no longer a favorable investment strategy. Few people are rushing to buy or capable of getting loans. Your investment will bring a few extra dollars of income, slow appreciation and new best friends in the form of tenants who will call you 24-7 every time the toilet backs-up, some water leaks or light bulb flickers. You may not get a kick out of managing your property and take it personally when you see it being hard used or abused. Hard to get out of your situation once you take the plunge.</p>
<p>        Alternative- Buy common date U.S. gold coins or bullion. Stash in a safety deposit box. When Congress gets through spending 835 Billion Dollars we will see gold at @$2,500 oz. On the other hand, McDonalds will have new famous $10 value meals.</p>
<p>       Good luck.<br /><b>References : </b><br />Been there and seen that.</p>
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		<title>Comment on Getting rid of neg equity by leasing a new vehicle? How does it work? by PETER GRIFFIN</title>
		<link>http://www.mortgagesavings.com.au/getting-rid-of-neg-equity-by-leasing-a-new-vehicle-how-does-it-work/comment-page-1/#comment-597</link>
		<dc:creator>PETER GRIFFIN</dc:creator>
		<pubDate>Tue, 29 Sep 2009 01:19:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.mortgagesavings.com.au/2009/09/29/getting-rid-of-neg-equity-by-leasing-a-new-vehicle-how-does-it-work/#comment-597</guid>
		<description>You can never get rid of negative equity no matter how creative u try to get. You will just it larger by trading it in. 

Keep them and continue making payments until they are paid off. Hope u learned a lesson and not overpay for cars with poor resale value like the Big Loser 3.&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;</description>
		<content:encoded><![CDATA[<p>You can never get rid of negative equity no matter how creative u try to get. You will just it larger by trading it in. </p>
<p>Keep them and continue making payments until they are paid off. Hope u learned a lesson and not overpay for cars with poor resale value like the Big Loser 3.<br /><b>References : </b></p>
]]></content:encoded>
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