Comments on: Joe Taxpayer’s five part Money Merge Analysis

By: JoeTaxpayer

JoeTaxpayer — Sun, 07 Dec 2008 22:17:52 +0000

Part 13 is posted on my blog at
http://www.blog.joetaxpayer.com/archives/738
I look at an analysis a reader had done by an agent in which only $25 extra funds were available each month. The analysis showed that for $3500, you can save $7252 in interest, or you can prepay the $25 each month and save $14966. Tough choice for some.
(Note: Part 12 was a special Thanksgiving wish regarding MMA, not a post worth announcing)

By: JoeTaxpayer

JoeTaxpayer — Wed, 03 Dec 2008 01:32:28 +0000

After receiving a number of requests, I have compiled all my posts on MMA into one PDF. It’s linked from my website (click on my name above, it’s the first link there. Thanks to Tracy and Craig Hansen whose guest post “United First Financial’s New Math” (aka Factorial Math) I also include in the compilation.

By: JoeTaxpayer

JoeTaxpayer — Wed, 03 Dec 2008 00:54:44 +0000

Part 11 is now posted on my blog at
http://www.blog.joetaxpayer.com/archives/732
I discuss the difference in interest calculation between standard mortgages and HELOCs. Of course, there’s a difference, just not enough to save you tens, let alone hundreds of thousands of dollars.

By: JoeTaxpayer

JoeTaxpayer — Thu, 13 Nov 2008 16:22:24 +0000

Part 10 is now posted on my blog at
http://www.blog.joetaxpayer.com/archives/433
I approach HELOC use from another angle, trying to objectively explain the logical limits of what one can expect to gain from this monthly transfer of funds from paycheck to equity line to checking, etc.

By: JoeTaxpayer

JoeTaxpayer — Thu, 06 Nov 2008 13:34:01 +0000

Part 9 is now posted on my blog at
http://www.blog.joetaxpayer.com/archives/398
I offer more discussion of mortgage calculations, first offering a look at the difference in payment due based on different terms (from 30 yrs down to 10, with a number of terms in between) and then offer a snippet of spreadsheet showing the impact of large prepayments.

By: JoeTaxpayer

JoeTaxpayer — Thu, 30 Oct 2008 21:23:57 +0000

Part 8 is now posted on my blog at
http://www.blog.joetaxpayer.com/archives/390
This post offers the first 5 months of an amortization schedule and a bit of explanation of how mortgages work. Not too complicated.

By: JoeTaxpayer

JoeTaxpayer — Fri, 24 Oct 2008 00:42:44 +0000

Part 7 is now posted on my blog at
http://www.blog.joetaxpayer.com/archives/354
In this post I review one MMA agent’s letter of recommendation from a client who happens to work for a mortgage company. It’s clear from my analysis that neither client nor agent understand the difference between interest, principle, or time value of money.

By: Joe Taxpayer

Joe Taxpayer — Sun, 19 Oct 2008 14:01:30 +0000

Part 6 is now posted on my blog at
http://www.blog.joetaxpayer.com/archives/339
I offer replies to a number of exaggerated claims made by MMA agents. One highlight is a comment I received from Lee Bradshaw whom I quoted in the post.