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Issue #3 - Mortgages and Credit Cards


 Carnival of Debt Free Living - Posted: 3/3/2008
The two types of debt we seem to get the most questions about here are mortgages and credit cards.  In this issue of the Carnival of Debt Free Living we’re going to help address some of these questions by hosting a special of mortgages and credit cards:

Mortgage

If you’ve ever looked at an amortization chart for your mortgage it’s easy to see how making some extra payments up front makes a huge difference on getting it paid off quicker.  Dollar Frugal has provided some tips on How to Pay off a Mortgage Early.

Although we’d all like to have our mortgage paid off Truthful Lending asks Paying off Your Mortgage - Will it Save You Money?

When applying for a mortgage we’re all faced with the question 15 Year Mortgage or the 30 Year Mortgage?  While the 30 year may save you a few hundred dollars a month, Mortgage Loan Calculator shows you the true cost.

If you’re considering using a mortgage as a tool for investment, Personal Finance 101 has provided some great information on Understanding Mortgages.

Credit Cards

If you travel abroad, Less Than a Shoestring shows you how to Claim Your Refund for Foreign Credit Card Transactions.

The Money Blue Book shows you how you can Use Credit Card Rebates to Help Pay Off Your Home Mortgage Loan Principal by selecting the right card.

Banks aren’t always as friendly as they seem.  Credit Card Offers suggests you Skip the “Skip-payment” Act of Kindness from Your Credit Card Lenders because it ends up costing you in the long run.

Maybe you’ve had enough of credit cards all together.  In that case, Debt Prison has provided an in depth article explaining why you should Stop Using Credit and Pay Cash.

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