Real estate, home equity, mortgage acceleration, debt elimination, equity builder. One reason this spreadsheet is great is that it includes a helpful graph depicting monthly progress over one year. The best debt repayment tools and apps the simple dollar. Mortgage apps that help you pay off your balance faster forbes. However, with a term of 30 years, the interest on a mortgage adds up to a lot of money. Rapid mortgage is a cincinnati area owned and operated mortgage lender offering competitive rates in a wide range of loan products such as conventional, fha, va and usda rural development. Paying off the mortgage seems like a distant dream for many canadians. Receiving an unexpected chunk of change can be a blessing or a curse, depending on what you do with the money. Credit card minimum payment calculator find out how much it really costs to make minimum. Rapid debt reduction calculator with amazing rollover method. Set a date you wish to be debtfree by and calculate how much extra you need to apply to each monthly mortgage payment to. As you are about to discover, the debt snowball method and debt avalanche are the most cost effective, fastest, and emotionally satisfying ways to get out of debt. This method can add some muchneeded points to credit scores, well, rapidly.
The programs installer file is commonly found as rapid mortgage calculator. Rapid mortgage solutions is a real estate company with 1 employees. Compare pay for popular roles and read about the teams worklife balance. The 8 best debt reduction software programs of 2020. One of the most widely used accelerated mortgage software programs is sold by a utah company called united first financial. Nov 20, 2019 the 8 best debt reduction software programs of 2020 desktop software and mobile apps to help you get out of the red. Uncover why rapid mortgage company is the best company for you. Does using a debt reduction program help or hurt your credit score. You can enter a debt reduction simulation in minutes. To add a debt, enter the name, balance, interest rate, and payment amount. Rapid rescore during mortgage process and how it works. Debt tools first, lets take a look at some of the best websites and other services available to help you plan and stick to your debt repayment strategy.
Rapid mortgage calculator free download windows version. The best mortgage apps for paying off your balance. This tool can be used for other loan types such as automobile, or personal. Many debt elimination software programs will also include a calculator to show how your payments are being applied to your balance as well as how long it will take to pay off your debt. Oct 21, 2008 kj, that is incorrect because im with the line of credit you use has room to breath for anything that might come up, example. Anyone considering the equity optimization program should examine the. Rod was recommended to me by my neighbor after a couple of failed attempts to refinance through my bank. For banks, credit unions, and lenders of all types except mortgage. When youre satisfied with the changes youve made, tap. Debt elimination software and debt reduction software. Set a date you wish to be debtfree by and calculate how much extra you need to apply to each monthly mortgage payment to achieve that goal.
As each smaller debt is paid off, the freedup payment amount is then applied to rolled onto the next larger debt, and so on until all debts are paid off. Lets take a case study where we can explain what rapid rescore during mortgage process is and the importance of rapid rescore. As you say the only way to reduce your mortgage is to reduce the principal of the mortgage. If you find yourself on the receiving end of an inheritance or a sizable tax refund its tempting to go out and blow it on a dream vacation or a new tv but using it to pay down your mortgage is a smarter move. A debt reduction service negotiates with creditors on your behalf. This company has been part of connected investors since 05102015 rapid mortgage solutions based out of melbourne, fl. Me has created a simple and straightforward calculator tool to help you regain your financial footing. Here are four strategies you can use to pay your mortgage down faster and save money. This page will have more detailed infomation on the debt management program as well as a direct download to the. Jul 30, 20 the software can also be used for wealth creation and investment rental property strategy illustrations. At rapid response, you and your financing needs are our top priority.
Using the form below, answer five questions about your different debts. In a lot of ways, mortgage acceleration using a heloc is similar to one way that insurance agents sell whole life policies. Find and compare the top mortgage and loans software on capterra. Connect with the employees and team members of rapid mortgage solutions on connected investors. Zilchworks debt reduction software creates an individualized. Continue the process building like a snowball until all debts are paid off.
I read it before i dreamed of a mortgage, but always remembered the strategies, and was able to use some of them once i got one. Rapid rescore is used by mortgage lenders to help prospective borrowers update their credit files with positive information within a few days. It is easily the best debt snowball spreadsheet youll find anywhere on the net. Free rapid debt payment plan, free free rapid debt payment plan software downloads, page 3. Rapid debtreduction strategies financial freedom series avanzini, john on. This is an expanded, more advanced version of the debt reduction calculator. Of course, it is more dramatic with a mortgage, as that is a high interest long term debt. Rapid mortgage is a local owned and operated mortgage lender offering competitive rates in a wide range of loan products such as conventional, fha, va and usda rural development.
Free rapid debt payment plan software free download free. The revolutionary mortgage and debt reduction software. I am so glad i went with rod and his rapid mortgage team. Kj, that is incorrect because im with the line of credit you use has room to breath for anything that might come up, example. The heloc strategy says you can pay off your mortgage early in just a few years. Used by financial advisers, debt reduction consultants, finance brokers and investment. Join the ranks of debtfree homeowners if you get intense about paying off your. Credit card payoff calculator calculate the payment required to pay off a single credit card in x number of years.
This ebook talks about the benefits and drawbacks of both debt settlement and consolidating your loan into your mortgage. Debt reduction and management shareware duck software. The program lies within office tools, more precisely calculators. Determine the best strategy for getting out of debt. You try to mitigate all the downsides of whole life insurance and there are obviously some costs up front for 5 or 10 years.
There are three important considerations with using a home equity loan for mortgage. I am a first time home buyer that had come to rapid mortgage. After rapid rescoring, your new credit score qualifies you for. Oct 11, 2010 these 10 strategies for paying off your mortgage early are really good. We are committed to recommending the best products for our readers. The good news is that even small amounts can help you reach that goal sooner. The key principle of mortgage reduction is that interest is calculated on the daily balance. The process was streamlined and went a lot quicker then expected. Apr 09, 2008 one of the most widely used accelerated mortgage software programs is sold by a utah company called united first financial. Her expertise in the finance niche also extends to home buying, credit cards, banking and small business. Get the inside scoop on jobs, salaries, top office locations, and ceo insights.
Rapid rescore during mortgage process prior to preapproval. The process of rapid rescoring is used by mortgage lenders and brokers to help boost a borrowers credit scores. Can you really pay off your mortgage early with a heloc. Rod kept me well informed throughout the entire process and he was extremely knowledgeable about different loan. Find out what works well at rapid mortgage company from the people who know best. Rapid debtreduction strategies financial freedom series.
The 8 best debt reduction software programs of 2020 desktop software and mobile apps to help you get out of the red. See who you know at rapid mortgage company, leverage your professional network, and get hired. Mar 05, 2020 rapid rescore is used by mortgage lenders to help prospective borrowers update their credit files with positive information within a few days. Shes worked directly with several major financial and insurance brands, including citibank, discover and aig and her. In this process, the promoter first convinces a mortgage holder lender that the debt that has been contracted is invalid or legally unenforceable, usually due to a combination of technicalities in the note, deed of trust, or other loan documentation signed.
Joy amber alba testimonials rapid mortgage company. They encourage you to be your own bank, borrowing from the policy instead of keeping your money in a savings account. If i find i have spent too much on debt reduction i can always use my heloc. The software can also be used for wealth creation and investment rental property strategy illustrations. Rapid mortgage 8351 n high st ste 210, columbus, oh 43235. The rapid refinancing process allows mortgage holders to. Use minimum payments percentages too, current payments or accelerated. Rebecca lake rebecca lake is a retirement, investing and estate planning expert who has been writing about personal finance for a decade.
This is used especially if a consumer has made early payments on any outstanding credit, removed any negative entries on their credit report or recently paid back any debt. This online, free rapid debt reduction calculator will calculate how much time and money you could save by paying off your debts using the rollover method. Add additional payment amounts and see the effect on paying of the debt. So, my version of this is, of course, to pay down my heloc as rapidly as i can manage. What is a rapid repayment mortgage home ownership is often referred to as the american dream. Dec 11, 2017 the process of rapid rescoring is used by mortgage lenders and brokers to help boost a borrowers credit scores. Quickly browse through hundreds of options and narrow down your top choices with our free, interactive tool. Founded in 2001 in new haven, connecticut, by james l mccall, rapid response mortgage services is a fullservice mortgage brokerage firm committed to providing you with honest, dependable and successful mortgage solutions.
Build debt reduction, timed elimination or consolidation schedules. Rapid mortgage anderson offers competitive rates in a wide range of loan products such as conventional, fha, va and usda rural development. Based on your answers and national research data, well tell you the estimated amount of time it will take you to pay off your total debt. Rapid mortgage elimination, debt reduction, loan consolidation, and budgeting strategy software. Plan to eliminate your debts now with this debt elimination software. Top 5 strategies for paying off your mortgage early. This book is the best reference i have ever read on the subject and i work at a financial institution. Select the debt reduction program you are interested in to get to information page. Top 5 strategies for paying off your mortgage early smartasset. This system is unlike anything else available, developed for hard working people everywhere.
Search for other real estate loans in columbus on the real yellow pages. Rapid debt reducertm software is based on the comprehensive budget plan. The rapid mortgage calculator is a simple but powerful tool to calculate mortgage payments. It helps you see the effect that an extra monthly, yearly, or onetime payments can have on saving you thousands. Jul 19, 2009 consumer debt elimination software program. When it comes to knocking out debt, theres no such thing as a quick fix. These 10 strategies for paying off your mortgage early are really good. The revolutionary money rules software program offers an intelligent and exciting new way to build wealth, by making mortgage reduction and financial freedom a reality for you. Apr 09, 2020 rapid rescore during mortgage process prior to preapproval.
Pay off your mortgage in as little as 612 years potentially saving you hundreds of thousands of dollars. Say that if a borrower has a 615 fico credit score and a debt to income ratio of 58% and need to qualify for a mortgage loan. Pay down your debt to improve your fico credit score. That dream has become more common thanks to home mortgages. Oct 28, 2019 here are some of the best debt repayment tools and apps to help you pay down debt quickly and stay motivated to reach the longterm goal of building wealth. Other factors may be included such as showing the effects of making an additional. The 8 best debt reduction software programs of 2020 the balance. We all approach debt in a different way, and respond to different motivators, so it stands to reason that different people benefit from different debt. Use a rapid rescore to qualify for a mortgage mortgage. The rapid refinancing process allows mortgage holders to quickly lock in a certain interest rate. Mortgage elimination is a type of debt elimination in the united states. Ian spellman broker and lender for rapid mortgage, westerville, ohio. If the rapid debt repayment plan sounds like a debtpayoff plan that would work for you, you might wish to check out excelgeeks rapid payoff calculator spreadsheet. Therefore, the daytoday balance of the mortgage account has a significant impact on the interest charged to the loan, and therefore the term of the loan.
With debt elimination software programs you can start saving money straight away and you can continue to watch your savings grow with this report. The feeling of being buried in debt, with no way out and no idea where to start, is a horrible one. Another way that is similar to some of the ways you suggest is that you pretend that the interest rate is a couple of percent above what you are paying currently and you then make. A rapid refinance is also useful when interest rates are volatile. If youre looking for a quick way to get out of debt, you need a highly effective plan. Rapid financing is done so that individuals can avoid bankruptcy, purchase additional assets and quickly lower their existing payments. Rapid mortgage calculator free software download for.
The fees shown herein are the current pnc closing costs and servicing fees for new loans and lines of credit as of january 9, 2018 at 15. Filter by popular features, pricing options, number of users and more. The spreadsheet has three easytouse worksheets that. Potential savings of hundreds or thousands of dollars. Our system is a personal cash flow management system.