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My name is John Maxie. I live in Eunice, LA. Over the past 10 years my life with my wife has been riddled with one financial or health crisis after another. I would like to share some of those things with you. I had three heart surgeries in a three month period. A doctor gave me a internal defibrilator and t6he wires came out and shocked me. I had the wires put back in my heart and thay came out again. I had the device replaced with a pacemaker/defibrilator. My heart has a myriad of problems including CHF and enlargement. Due to all of those problems Our income dropped off and we fell behind on the mortgage. Needless to say it was an adjustable rate mortgage and we lost the house to forclousure. My stepdaughter blaims me for her mom losing the house she grew up in. I have not been able to work for the past two years because of my heart. My diability appeal hearing is due this September. My wife is an LPN. She has been a nurse for over 15 years. She is the most caring nurse I know. She specializes in Nursing homes and really loves her residents. She took care of my Dad a few years ago while he was dying of Cancer. I Love her very much and want to see her have a better life. She deserves it. She has done some home studying and passed a few test toward her RN nursing license. But because of her needing to work full time untill I get disability she does not have the time or money to attend school full time. She wants to continue her studies from home but the money is not there and because of our past money problems our credit is shot. I am seeking for her a way to help with the financing of her education so that her dream of becoming a RN can come true. We are a proud couple with a deep faith in the lord. We dont ask others for help and we help others when we can. I guess what I am asking here is there anyone out there who can figure a way to help my wife pay for her studies so her goals can be reached. We have tried student loans, goverment grants, and federal financial aid. Nothing and no one wants to help. I pray that this post reaches someones heart and help arrives. Thank you for listening to our story and God Bless You.

Most of you that have a mortgage are not aware of how much dropping your interest rate can truelly save you.  I would like to share some information with you guys that shows you just how much lowering your interest rate can truely save you. To do this I am going to use a base loan amount of 150,000.00 and a starting interest rate of 6.5% and a term of 30 years.  For this senerio your mortgage payment (just your principal and interest, do not compare with taxes and insurance because those are the same where ever you go) would be 948.10.  I am going to show you how much your payment would drop by lowering your interest rate in intervals of a quarter percent.  Most people beleive that you should only refinance if you can lower your interest a full percent but this is not usually the case.

Starting Payment 948.10 

6.25% - 923.58

6.00% - 899.32

5.75% - 875.36

5.50% - 851.68

5.25% - 828.30

5.00% - 805.23

LOOK AT THE DIFFERENCE! The difference is huge!  If you think about savings in a hole you are saving almost 20 each time you lower your rate by a quarter of a percent, now this might now seem like a lot but....what if you multiple 20 by 360 (the number of months a normal 30 year mortgage is) that's 7,200! just for a 20 difference.

So here is the best part about refinancing.  Let's say that you started with 150,000 for your loan amount but sense you started your loan you have paid it down 10,000.00 so you owe 140,000.00 with an original interest rate of 6.5%. Now let's see how much of a payment difference each of the above interest rates makes.

6.25% - 862.00

6.00% - 839.37

5.75% - 817.00

5.50% - 751.55

5.25% - 773.08

5.00% - 751.55

So let's see if I can help this make sense.  In the first examples of payments I showed you how much lowering your interest rate by .25% could change your mortgage payments.  In the second examples I showed you how much lowering your loan amount by 10K and your interest rate by .25% each time could do.  To sum this up, you can safely estimate that for every 10K you lower your loan amount by you are saving $61.58.  With this you can make a guess as to how much you will save just by how much you've paid off your loan sense you started it.  10K - 61.58, 20K 123.16, 30K 184.74, and so on. 

So really quick, and then I'll be done, let's say that you started with 150,000 and you've paid off your loan to 140,000 and you decide to refinance and at the time you can get it to 5.5%.  You're original payment was 948.10.  Your new payment will be, roughly, 751.55 for a total savings of 196.55!  But, it's going to cost around 3,000 to do the refinance (mind you that you can add this into your total loan amount, thus not having anything out of pocket).  Does this refinance still make sense?  The answer, YES! If you figure you are saving 196.55 each payment and it's costing you 3,000 to do that; if you divide 3000 by 196.55 it equals 15.26 this means that in just under 16 months you will actually save up the 3,000 that it cost, from month 16 on up for the next 344 months you will be saving 196.55 each month for a grand total savings of........67,613.20!!!!!

This is why I love my job!  To be able to save someone that much money is amazing!

So I guess this is where I try to make all you interested in me!  Well that is normally easy for me to do because I never Shut Up and everyone knows everything about me after they meet me.  Well first off I am a mother and love it!  I have two beautiful kids and a pretty ok husband that drives me crazy most of the time, but you still gotta love him.  I work for a highly repitable mortgage company, you can see my web page by clicking on the link.  I love family work and play.  The most rewarding part of my job is the fact that I get to help people buy their first home or help someone get out of trouble with their current mortgage.  We each get to help eachother out.

I love what this site does for others and I hope that I might be able to help some of you out.  I too am in financial trouble because of the current economy.  I would love to help any one that needs help which in turn would help me out financialy.  Thanks all for your interest!

I'm a married 24 year old with 1 child and another one here in just a few weeks. My husband and i were doing good until he had one layoff after another. and then hours were cut for his work week. we seem to be falling more and more behind. i have past due bills as well as taxes that need paid, im scared because i have no idea what is going to happen when tax season comes around again and they see.

 i have an old car thats in need of a few small repairs, that we just can not afford.  i am just waiting for it to be the next on my list of things to go and im scared then we will start to "drown".  my husband works all the hours and any overtime available. and we have been praying for guidence. i know that God will not give us more than we can handle...but maybe he gave us the smarts to reach out and ask for help when in need. if anyone could help us with these finacial issues or offer prayers that would be awesome. even a prayer chain can do more then we know!!!

thank you! thank you!

ang