A Clever Spell

When used correctly interest only mortgages are a useful tool for a short-term financial need. When abused, interest only mortgages can quickly land a homeowner in financial hot water. Here is what you need to know about these risky mortgage loans.

Interest only mortgages offer payments that are based solely on the interest due for a given month. During the period of time that is interest only the mortgage payment will be much lower because there is no loan principal included in the payment. You should note that these loans are not interest only forever; at the end of the interest only period the lender will add principal into the mortgage payment and that amount will increase significantly. The duration of the interest only period is typically one to five years.

The danger in using an interest only mortgage is the temptation to purchase more home than you can actually afford. It is very easy to qualify for larger amounts with an interest only mortgage than you could qualify for with a traditional mortgage; as a result many homeowners find their budgets stretched to the limit when the interest only period ends. If you are unable to keep up on the payments once the interest only period ends you could lose your home to foreclosure.

If you are in the process of taking out an interest only mortgage, you need to make sure that at the end of the interest only period, the mortgage converts to a fully amortized loan and does not terminate with a balloon payment. If you take out an interest only mortgage that ends in a balloon payment and are unable to refinance or sell your home at the end of the interest only period, the lender will foreclose and take your home.

Interest only mortgage loans are a valuable financial tool when utilized correctly. To learn more about using interest only mortgages while minimizing the financial risk and avoiding common mortgage mistakes, register for a free mortgage guidebook.

To get your free mortgage guidebook visit RefiAdvisor.com using the link below.

Louie Latour specializes in showing homeowners how to avoid common mortgage mistakes and predatory lenders. For a free copy of “Mortgage Refinancing - What You Need to Know,” which teaches strategies to find the best mortgage and save thousands of dollars in the process, visit Refiadvisor.com.

Claim your free guidebook today at: http://www.refiadvisor.com

Mc Lean Mortgage Refinance

Can you name the 1960 World Series Baseball Champions? Or how about the Academy Awards Best Picture for 1972? Having some trouble?

Then name the teacher or teachers who helped you in school? Can you quickly remember the friend or family member who was always there for you.

What questions were easier to answer? If you were like me, the questions about people who cared about you were far easier. In most cases, these individuals were some of your first mentors

Mentors help others overcome difficult or what are believed to be difficult challenges. Their sage words and thoughtful insight support the “mentees” continued drive forward against adversity and toward success.

Mentors have always been present in our culture even though some may appear to be hidden. These individuals have assumed many roles from coach, to boss, to grandmother, to philosopher, to scientist, to minister to brother and friend. The list is endless as is the dedication of these mentors.

Napoleon Hill recognized the value of mentors in his book Think and Grow Rich. Through the use of Mastermind Groups, individuals could unlock the knowledge, wisdom and insight of others. These Master Mind Groups were simply speaking a collection of mentors, a key, helping each other reach further and higher than they ever thought possible by themselves.

Mentoring is a developed skill set. Anyone from the young child to the older adult can be a mentor provided they want to and that they are willing to continually work at improving this incredible skill set.

What skills does it take to be a mentor? The list is very long, but should include these 5 essential skills

• Empathy
• Being aware
• Listening for what is said and what is not said
• Asking “good” questions much like the Socrates
• Critical thinking skills that separate symptoms from problems

Have you ever experienced that little voice inside of you that says to “quit,” “give-up,” or “it’s not worth it.” And then did you talk to someone who worked you through why you shouldn’t quit, give-up and understood that yes, it is worth it?

• What would have happened if you hadn’t had the chance to share your thoughts with someone else?
• Would you have missed an incredible opportunity?

Probably, one of your many mentors helped you through that experience. And looking back, hopefully, you are now grateful for that person or those persons.

Now it is your turn to pass the baton to the next generation by becoming a mentor. Establish a Master Mind Group. Volunteer at a local school. Through these conscious actions, you, too, will develop your mentoring skills and be surprised about your own performance as well.

P.S. The answers to the first two questions are the Pittsburgh Pirates and Cabaret.

Leanne coaches individuals, small businesses and large organizations to double performance in warp time. As the small business coach, Leanne shares the Secrets of Success and provides a free monthly newsletter. Please feel free to contact Leanne at 219.759.5601.

If you truly don’t believe doubling your results is possible, read some case studies where individuals and businesses took the risk and experienced unheard of results.

One quick question, if you could secure one new client or breakthrough that one roadbloack, what would that mean to you? Then, take a risk and give a call at 219.759.5601 to experience incredible business.

ZMA is a scientifically designed anabolic mineral formula containing zinc monomethionine aspartate, magnesium aspartate and vitamin B-6. Studies have shown that it has a clinical effect on testosterone levels when taken in a combination containing 30 mg of zinc and 450 mg of magnesium per day. The most famous study conducted by Lorrie Brilla at Western Washington University indicated that this combination could raise testosterone levels by as much as 30%.

Bodybuilders can obviously benefit from taking ZMA, specifically in the following ways:

1. It increases the body’s natural production of testosterone thus boosting its capacity for building lean muscle.

2. It increases levels of growth hormone.

3. It helps sleep if taken 30-60 minutes before bed thus enhancing rest and recovery.

ZMA has no known side effects but it must be taken in the proper dosage to the exact proportions used in most studies - that is 11 mg of vitamin B-6, 450 mg of magnesium and 30 mg of zinc.

Richard Mitchell is the creator of the bodybuildingadvisor.com website that provides guidance and information to athletes at all levels of bodybuilding experience. Go to Bodybuilding Advice to learn more about the issues covered in this article.