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Mortgage T ere
PA fo
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Insider Issue 3
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How to use Mortgage Insider

The Mortgage Insider magazine is drive in .pdf form to read later. contributions and feedback are
a true interactive magazine that Even in .pdf form on your hard more than welcome.
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Editorial and advertising

Tel: 02 4759-2799
Payback time!
Fax: 02 4759-2696 MUNCIE, Ind. (AP) - A landlord said he wanted people to see the pain
oasismortgagegroup@gmail. com of his property tax bill when he hauled $12,656.07 in coins and $1 bills to the county treasurer's office.
Cary Malchow said the heavy load left him "out of breath" but it was worth
Publisher watching three cashiers
Oasis Mortgage Group Pty Ltd working overtime and
abn: 92 097 503 556 guarded by sheriff's
deputies on Monday to
SUBSCRIPTIONS: count every last cent of the
semi-annual payment for
Click here to subscribe his home, business and
rental properties.
"I did it so people can
physically see what
$12,000 is," said Malchow,
who has staged other
recent protests to draw
attention to Indiana's
property tax increases.
It took 75 minutes to count
out the cash, said
Delaware County
Treasurer Warren Beebe.
"They were fast, they were
hustling. They're used to
counting money, but of
course that left other
people standing in line. It
was an awkward
situation," Beebe said
NOTICE Malchow's protest
The information contained in this prevented the office from
publication is for reference only and making its daily bank
should not be relied upon in any why. deposit, costing the county
The publishers of the Mortgage Insider an estimated $1,135.90 in
and all contributors recommend that interest that would have
any person considering a mortgage in otherwise accrued
Australia should obtain independent overnight, Beebe said.
legal advice.

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Mortgage Insider - Issue 3 - Page 2 of 20
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The Mortgage and Finance “MFAA members owe their business borrower’s financial
Association of Australia (MFAA) success to the strong relationship they circumstances;
has introduced new measures to have built with borrowers. About 55% • suspending any action to
ensure non bank lenders, of all mortgages in Australia are written recover any payments due
mortgage managers and brokers by non banks, mortgage managers under the credit facility and, if
assist borrowers who find and mortgage brokers and it is it has not listed a default
themselves in financial difficulty. appropriate that they assist borrowers already, not list a credit default
The Association has amended who find themselves in financial in respect of the credit facility
its Code of Practice in response difficulty,” said Mr Naylor. against the borrower until the
to rising levels of community “It is crucial, however, that borrowers matter is decided;
concern about the small number who are in some financial difficulty, to • encouraging the borrower to
of borrowers who are finding advise their lender or broker make payments the borrower
themselves in some difficulty in immediately to ensure the best result can afford pending the
servicing their loans. can be achieved.” Member informing the
“Essentially, our members must now Under the new provisions, MFAA borrower of its decision to alter
consider whether it is appropriate to members can consider: the payment terms.
vary the terms of repayment on a loan • the borrower’s request to vary Further, MFAA members must act
once they are aware a borrower is in the payment terms in good reasonably in assessing the borrower’s
financial difficulty,” said Phil Naylor, faith and within a reasonable request to vary the payment terms
CEO of the MFAA. time, giving regard to the under the borrower’s credit facility and
must not require:
• the borrower to apply for the

Free, fast and early release of any part of his

or her superannuation
entitlements; or
anonymous • the borrower to obtain funds
from family members, friends
In a first for Australia, potential so borrowers or other third parties, prior to
borrowers can now do 60 get a pretty the Member considering
second assessment to see if good idea about their chances of
whether to, or agreeing to,
they would qualify for a home getting a home loan and how many
products they may qualify for in a vary the payment terms.
loan. The web site offering this
matter of seconds.
service calls it the "60 second
home loan challenge". The web site includes products like
Reverse Mortgage, Lo Doc and No
The My Home Loan Approval web site doc loans as well as fully featured
is not affiliated with any one lender or mainstream bank loans.
brokerage firm so users get a totally
unbiased response. To take the 60 second home loan
challenge click the blue information
The challenge only takes 60 seconds button to be taken to
and is provided FREE OF CHARGE
and its use can be totally anonymous.
On top of that, the assessment results Everyone who does the challenge is
are provided INSTANTLY. eligible to receive a complementary
copy of the eBook. Mortgage
There are products from over 170 Secrets Exposed.
lenders associated with the web site

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Mortgage Insider - Issue 3- Page 3 of 20
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$$ $
Learn how you
can improve
the value of
your home.
Put $1,000s
back in your
Get a better
sale price, a
faster sale or a

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more p r o v click
information, e mthis
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o u s e v awhenever
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Mortgage Insider - Issue 3 - Page 4 of 20
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Common Mortgage
Refinance Mistakes
During the process of getting a
mortgage refinanced, many
things might go the wrong way.
The mistakes made while
refinancing the mortgage may
cost more a fortune for the
borrower. Most of us, who
overpay for their mortgages,
may not even be aware of it. To
avoid this, the borrower should
take some time while
researching for the options of
mortgage refinance and should
contact different lenders to get a
better idea on how it works.
Some of the valuable
suggestions are given below:

Many people do concentrate only on

the interest rate while looking for
mortgage refinance. Interest rates are
very much important, but it should not
be the only criterion as the rest of the
aspects of mortgage may cost more if
the closing costs are enormous. All the
aspects of the mortgage need to be
considered. To avoid this the borrower
can get a good faith estimate from the
lender in a written form, which is gets for paying points. A borrower
normally given, only if it is asked for. It should not accept a loan that includes
will outline all the aspects of the loan prepayment penalty as one of its
to make an informed decision. Along good to correct the credit report incase
conditions. of any mistakes in it and then apply for
with the interest rates, the length of
the loan term and the amortization the mortgage refinance as the
Predatory lending practice is still a borrower can get better interest rates
schedule should be studied, as it will common phenomenon in the market.
give an idea about the payment to be and loan term. (US Article)
Despite laws protecting the borrower
made. Selecting a right mortgage will from predatory mortgage lenders,
save money while at the same time By Lesley Lyon
some of them will take advantage of
wrong decision leads to financial the borrowers by charging more
disaster. Hence, it is good to know the interest rates and lender fees.
basics of different loans and select the Mortgage guidebook can provide
one, which is very suitable. valuable knowledge on how to
compare mortgage offers and select
The borrower should get a guarantee the best one from them.
on the interest rate that will give him
enough time to close the mortgage. In Break-even analysis has to be made
case of any fees charged for making a to know how long the borrower needs
guarantee by the lender, the borrower to stay in his house to attain break
should never get scared for paying the even on the refinancing cost. Another
fee as the interest rate lock gives mistake is that the borrower pays
enough time to the borrower to close more towards mortgage insurance
the loan. In case the borrower fails to called as PMI. The PMI need not be
close the loan before the expiry of the paid if the person has 80 percent
lock period, the lender will raise the equity stake in his home. Since the
interest rate, hence it should be made interest rates and loan terms are
sure that the guarantee covers the dependent on the credit score, it is
points paid and what the borrower

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Mortgage Insider - Issue 3 - Page 5 of 20
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WEALTH WARNING: Bank Errors Could

Be Costing You A Fortune. We Show You How
To Find Them And Get Your Money Back.
A study published in the Sydney Morning Herald discovered that chances are you are being overcharged on your home
loan you don't even know about. This is not only unfair but insulting.
This study found that ....
• 54% of monthly bank statements contain errors.
• 80% of errors favour the banks (that percentage has to
make you suspicious).
• The average monthly error is $242.
As you can see the odds are NOT stacked in your favour so
chances are your lender actually owes you some money.

"Find Errors In Your Statements

Or They'll Give You ...
$250 For Wasting Your Time."
That is how confident the people at
are that you are sitting on errors in your statements. You get their
software, check your statements and if there are no errors they
will give you your money back PLUS another $250.
MortgageWatchdog have over 11,000 and guess how many times
people have found zero errors in their statements? Would you
believe 6 times ... 6 times in over 11,000 people who have used
their software to check their statements .. so you can see the
chances of you not having errors in your statements is nearly

Why Would Anyone Think They Don't Have

Errors In Their Statements?
Have at look at some of their latest success stories....
"I have now been reimbursed the exact amount of
discrepancy I had found using your program of
$7,563.04 plus reimbursement of the cost of the
package against my loan." - Ann-Maree Enders - Kingsley, WA.
“Your software has uncovered overcharging by my bank to the tune of almost $1,300 just for the
last two years. Like so many others, I had assumed the Bank would get the figures correct.” -
Mike V - Bungendore, NSW
"We found a discrepancy of $8,643.00 on our fixed loan and this has now saved us $33,000 over
the life of our loan." - Mrs. Mackenzie - Logan QLD.

Special Discount for Mortgage Insider Readers

As a special gift for our readers we have contacted and asked if you
could have a special discount on the software ... and the end result is that you have a 20%
discount waiting there for you. This is not available through the front of their website, to receive
the discount CLICK HERE.
The best thing is that you still get their famous SuccessGuarantee - find errors in your statements
or they refund you and give you an additional $250 for wasting your time.
You can't get fairer than that can you?

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Mortgage Insider - Issue 3 - Page 6 of 20
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Mortgage Insider - Issue 3 - Page 7 of 20
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Cash Bulge web site has some great tips on how about $3-4 spent on lunch everyday as opposed to an
average of 10$. Savings: $36 per week.
all of us can save at least $100 a week. What
could you do with an extra $100 laying around 2. Institute a ‘tax’ on your household.
every week? I’d probably save for a new laptop or We all hate taxes. No, let me rephrase that, despise taxes.
go out more often, maybe create a stockpile of However this is a little different. What about getting you and
beer (or create an ice cave). I was on my each person living in your house to put $2 a day in a

disastrous commute this morning and I ran savings jar? You can then use this money towards
anything. Clothes, food, movies, a long needed vacation, a
through a checklist in my mind on how I could go
car, anything basically, be as inventive as possible!
about saving $100 a week so that I could invest in
other things that would make my life easier or just Savings: ~$20 per week (based on 2 family members).

more enjoyable for that 3. Change adds up quickly, don’t let it disappear
matter. under your
As I sat there, waiting for the D
You’re at your local
train to make its way out of the
StarBucks and you
Bronx and into Manhattan I
order a cappuccino
began my brainstorming. One
for $3.42. You get
thing after another and I
an ugly $0.58 cents
realized that there was a lot
back. I used to
you could do to save money
forget about this
with some simple tips. By
change, lose it, or
employing some of these tips
stuff it down my
you can save a bundle every
pants pocket for it
week and save it towards
never to be seen
something you would really like
or to invest it. Let’s get to the
list. A week ago I
started saving all
1. Bag your lunch and bring it to work.
my change, I mean every single penny and dime. Then at
This is a goldmine so to speak. Personally, I spend about the end of the week I went to a coinstar machine at my
$7-20 a day on lunch while I’m at work depending on what I local grocery mart. How much did I save? $9.87. I was
feel like eating, the fact that I work in downtown Manhattan shocked really, I didn’t know it added up so quick. I was
doesn’t help. Let’s make the average to $10. well on my way to an easy extra $100 a week.

I could save a bundle if I were to make a sandwich for Savings: $5-10 per week.
about $2-3 from home and bring it to work (buying coldcuts
Click here for full story
at the local grocery store), along with a $1 softdrink thats

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Mortgage Insider - Issue 3 - Page 8 of 20
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The #1 Mistake Consumers

Make with Credit Cards
If you have trouble controlling out your calculator. If you honestly somehow managed to keep her closet
credit card debt, I have a simple don’t know, here is another rule of stocked with new clothes. And there
rule for you: thumb: If you can’t pay off your credit always seemed to be a new package
card balance in full every month, you showing up on her front porch
If you can’t afford to pay for an have too much debt. Credit cards, containing things she’d purchased
item with cash, you can’t afford when used responsibly, help shift the from the Home Shopping Network.
to pay for it with plastic either. timing or
She tried to justify these
If an emergency forces you to increase the
purchases by saying, “John,
buy something you cannot ease of
you know I need to buy new
afford (it happens, I know), make making
clothes so I can look
payments –
sure you are brutally honest in professional when I’m at the
They do not
your assessment of what you exist so you office.”
really need. If you don’t need can run Well, yes, it’s important to
something, don’t charge it. I up debt you appear professional, but she
know people who pay 18% cannot pay. did not need to buy expensive
interest on Hostess Twinkies. clothing every week.
Come on now. You know better. Why Do
You Buy? Eventually, my friend was
The most common mistake forced to declare
consumers make with credit cards is The buying bankruptcy. I still remember
using them as income impulse is so her sitting there on her sofa,
supplementation. Instead of using strong in surrounded by shoes still in
them for emergencies or convenience, some people the box and clothes still
they use them as additional salary. So that they tagged. She looked at me and
let’s agree right now that credit is not actually said, “John, I don’t think I
salary. Credit belongs to a lending believe credit bought any of this stuff
institution. Credit must be repaid. card dept is because I needed it. I bought
their only it because I thought it would
How Much Debt is Too Much? option. make me feel good.”
Telling these
Financial gurus suggest that total
people they “Did it make you feel good?” I
debt, excluding first mortgage, should
don’t need asked.
not exceed 20% of take-home pay.
that extra
This includes car payments, home She paused, touching her
purse, pair of
equity loans, second mortgages, credit chin. “I thought it did at the
shoes, or suit is like telling
card debt, and so forth. Upper income time. Now, seeing all this stuff I never
them they don’t need food or water.
consumers may be able to handle used, I guess not.”
higher debt loads due to A close friend of mine used to struggle The emotional high that comes from
greater expendable income, while with spending. She could barely pay buying something new is short-lived
lower income consumers may be wise her utility bills and was always and cannot compensate for the
to carry less. borrowing money from friends to keep emotional burden of carrying too much
the electricity from getting shut off.
Of course, you probably know if your debt.
Despite her obvious lack of funds, she
debt load is too high without whipping

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your pocket. Learn how to
improve the value of your home
by using Equity+ software.

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Mortgage Insider - Issue 3 - Page 9 of 20
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Honesty is the Best Policy | Especially

When Calculating How Much You Can
The excitement grasps you and in a years
you feel that you will do anything time the bank
to own this house. The lack of would be
understanding of personal able to
refinance the
budgets can make the house of
your dreams turn into a amount. The
nightmare as the bills pile up recommenda
and you don’t know were to turn. tion of the
Most people are not aware of the mortgage
gaps in their knowledge of broker was to
personal finance and how it can take a one
impact their mortgage. The year term at
purpose of this article is too fill a slightly
in the gaps between what we will higher
like and what we can afford. rate. This
would give
As examples here a two tales of woe: Ken flexibility
in refinancing
Marie was a first-time home buyer. She the 1st and
began going to open houses on a 2nd at
regular basis and in no time fell in love conventional
with a home. Unfortunately, she had to rates. One
mortgage herself up to her eyeballs to year later the
get into it. loans officer
no longer
The excitement of the new house soon worked at the
wore off. Marie hated her job and her branch. The
boss but Marie had to tough it out termination
because she had that hefty mortgage fees and the
to feed every month. She thought she rollover of the
could cut out shopping with the girls, second
eating out and the clubs on the mortgage
weekend. It started with a splurge, she exceeded the
would catch up next month and soon loan to value
her old habits began to reassert that Ken
themselves. Marie was miserable… could get a
Marie was trapped. Inch by inch her the
credit card payments began to eat into branch. The
her monthly budget until she started to second
have to use her cards just to get mortgage
through the month. Her lack of lender wanted to move on and the 1st
understanding of her lifestyle mortgage lender did not want to
requirements placed Marie between a refinance the balance…what would
rock and a hard place Ken do.

Our next client was Ken, who was a Trust me when I say that Ken and
homeowner who was induced by an Mary aren't stupid. However, when it
advertisement to refinance. He came to making important mortgage
switched to lender who offered a good decisions, Ken and Mary were
rate for a 5 year term. Ken however certainly not smart. Mary didn't
had a second mortgage that needed to understand what amount of mortgage
be refinanced in a year. The main debt she could truly afford. Ken didn't
reason for the second was when Ken understand how to make refinancing
purchased the home the lender decisions.
wouldn’t advance the entire amount of
the mortgage. However, the bank By Duncan Seward
manager was sincere in his belief that

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Mortgage Insider - Issue 3 - Page 10 of 20
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Mortgage Insider - Issue 23 - Page 11 of 20
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Young People And

Personal Finance By Thomas Winn

t is very important to notice that and dinner. The overdue rates at the student driver’s license, before they
the current generation of young video store. That planned movie date graduate from high school. The
people is getting more and more the succeeding night. Not to mention earlier, the better! Because in the real
involved into a lot of things the real responsibilities. Payment for world of credit cards and mortgage
rent electricity, heating and water payments, anyone who does not know
which were either nonexistent or how to stretch, squeeze, scrimp and
bills… not to mention tuition fees. And
possible in the past. Besides the nothing but a limp, twisted wad of save money for all its worth ends up in
usual late night drive-in movie or money intended to last for the rest of financial trouble, to say the least. And
mid-afternoon soccer practice, the week. it is very disheartening to splurge all
today’s technologically savvy day with nothing to answer for it but
youths can write a letter, talk to a It is but human to succumb to the candy wrappers, pizza boxes, dirty
friend, listen to a playlist of more pressure of spending while there is laundry and old magazines. Young
than a thousand songs, update a money to spend it with. Even matured, people should learn more about taking
social networking personal responsible, emotionally stable adults care of personal finances, while they
page, and send a letter of fall for it, so why should young people are still young and ready.
application to a favored be blamed for it? The real problem is
the lack of
university, all at the same time,
and all this while squeezing a both from
stress ball with one hand. adults and
friends. The
It obviously shows that for today’s spending
youth, a whole world of opportunities habits that
lies within their reach. But with start early on
opportunity comes corresponding in life carry
responsibility. And, more often than through to
not, there is money involved. Now, adulthood. A
more than ever, today’s generation of teenager
ecoboomers needs to know how to who spends
manage their personal finances, wisely sixty dollars
and responsibly. That responsibility is on a fad shirt
emphasized even more for those now may
enrolled in a university. spend
Take the case of an average college hundred for
student. The day begins at around another later
midnight with either a late night out on in life.
together with friends with boxes of These so
pizza with a lot of six packs, or a full called little
blown house party with beer kegs and things tend
the works. Night wears on, and the to stack up
next morning reality kicks in with a and become
vengeance. All those wasted money a huge
on beef jerky and nacho chips, now financial
nothing but crumbs on the filthy floor. crisis. It is
There’s laundry to do. Papers to finish. better for
Food that was stocked up for the week young
is gone from the previous night’s party. people to
There’s a trip to the nearest store to learn how
restock. If there is a car involved, money does
there’s gas to think about (since there and does not
are practically no convenience store work as soon
within reasonable distance from a as they gain
university; for stores within campus, their freedom
customers pay more than usual for this in college, as
extra privilege of ‘convenience’). There soon as they
remains the day ahead. There’s lunch get their

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Mortgage Insider - Issue 3 - Page 12 of 20
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5 Important Features To
Consider When Buying a Home
With so many questions to If there is easy access to the back neighborhood, look for a house that is
consider when buying a home, a yard, this is an even greater plus, as on a lot that is rectangular. Try to stay
buyer can get muddled in the there will be occasions for barbecues away from odd shaped lots or oddly
myriad of details involved. and outdoor entertaining. situated lots.
However, the following are five 3. Bedrooms and Bathrooms Yard sizes are smaller in modern
general pointers that a home homes than in older homes, but there
Three and four bedroom houses are
buyer should examine about a should still be a decently sized front
the most popular among homebuyers,
home's physical features as you and back yard.
so if you can stick to buying in that
do your home shopping and range you will have more potential Remember that overly landscaped
compare different properties buyers when it comes time to resell. properties will usually be priced at a
during the home buying premium which you may not be able to
process. There should always be at least a
recover when you sell. You will get
minimum of two bathrooms in a house,
your best value if you choose the
1. House Size preferably at least two and a half. At
house that is moderately landscaped
the very minimum, look for houses that
In each residential neighborhood, or under-landscaped for the area. You
have one bathroom that is accessible
houses will vary in total square can always improve the landscaping
to guests or will be the one shared by
footage and the number of rooms; during your ownership by improving
the other bedrooms, and one for the
however, they should not be too the lawn and adding bushes and trees.
master bedroom.
different. Since the 50's, house size
As a general rule, like most things that
has almost doubled. When 4. Storage - Closets, Garages and
you will buy in life, houses have their
determining market value, the homes Laundry
pros and cons. You will be much more
adjacent to the house you are
Walk-in closets are extremely satisfied with your purchase if you
interested in are the most important. If
desirable for the master bedroom. For concentrate on the positive aspects of
most of the nearby houses are smaller
the rest of the house, just be sure a home that are on your "most
than your house, they can act as a
there is plenty of closet space. Don't desirable features" checklist or those
drag on the price appreciation of your
forget to check for storage space for that will impr ove your resale value.
linens and towels. Many linen closets Other less important features can be
Remember if resale value is an are placed in hallways near satisfactorily and creatively addressed
important consideration, you should bathrooms. in the course of your home ownership.
not buy the largest house in the
A garage will add to the resale value
and you should always make sure to
Furthermore, if you choose to buy a get at least a two-car garage. Lately, Click here to put
small or medium house for the three-car garages have become
neighborhood, the larger homes will desirable in some areas of the country.
$1,000's back in
help raise your home's value. In addition, it should be a short trek your pocket. Learn
between the garage to the kitchen so
2. The Kitchen
that hauling groceries in from the car
how to
Family activity is usually centered does not become a chore that you will improve the
around the kitchen, so this room has dread.
become the most important room of value of
The laundry facilities should be
the house. As a general rule, homes your home
located somewhere convenient on the
with larger kitchens are more desirable
main floor of the house, but not in a by using
especially if they are equipped with
place that it will create an eyesore.
modern appliances. With today's open
floor plans, the dining room and 5. Landscaping
Equity+ software.
breakfast nook should be located
Even though most real estate value is
adjacent to the kitchen. In newer
usually concentrated in the structure
houses, floor plans usually place the
itself, the lot is important, too. Make
family room close to the kitchen as
sure that the lot is as level as possible.
Assuming the property is in a typical

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Mortgage Insider - Issue 3 - Page 13 of 20
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19 Ugly Things You Didn’t

Know about Materialism
We all know that money can’t but the correlation is real nonetheless, person values extrinsic factors (image,
buy happiness; everybody says and it’s easy to see how materialism status, prestige, beauty, and
so. And as it so happens, does more to perpetuate than popularity) more than intrinsic factors
remediate the problems in that list. (being a good person, behaving
everybody is right; tons of
authentically, having honor).
research proves it. But did you The Unsatisfying Earn and Spend
realize that a highly materialistic Treadmill Few people admit (or even realize)
lifestyle could actually damage Kasser’s research reveals a group of that they value designer clothes more
your mind and body? people who believe money, image, than personal integrity, which is why
status, and beauty will make them the truest test of materialism lies in
es, I realize this sounds like a lifestyle evaluation:
happy, so they turn to these extrinsic
load of leftist propaganda
factors as an addict turns to heroin. • Are you a wage-slave, working
(despite the fact that I’m neither And like the addict, the mindless at a job you hate so you can
leftist nor a propagandist), so consumer soon discovers that his high afford things you don’t need?
let’s talk about the cold hard was short-lived and ultimately
facts. unsatisfying; furthermore, looking for • Are you more focused on
happiness in all the wrong places has remodeling your kitchen than
The Harmful Impact of Materialism developing relationships?
kept him from solving his real
In 2002, Psychologist Tim Kasser problems. • Are you more interested in
published a book called The High how you’ll look in a bathing
Price of Materialism that goes to great Research has consistently shown that
once you have enough money to buy suit than in your actual health?
lengths to lay out the relationship
between unhappiness and Only you can decide whether you’ve
materialism. What he found may crossed the line, but it’s a line worth
surprise you. watching.
There is a strong positive correlation Don’t get me wrong – I’m not foolish
between materialism and several enough to completely disregard the
mental and physical maladies. In importance of extrinsic factors, since
other words, people who pursue we’d be hard pressed to function
money and things at the expense of without them. But when the shiny
relationships and other meaningful exterior of things becomes the most
endeavors are more likely to suffer important part of our lives, we’ve got a
from these 19 problems: big problem.
Materialism: an Inward Battle, not
1. Unhappiness an Outward one
2. Envy and jealousy
3. Depression I want to be clear: I place no blame
4. Social anxiety and pass no judgment. There is
5. Passive-aggressiveness nothing inherently evil about
6. Short attention span advertising, media, consumption, or
7. Poor impulse control image-consciousness. I spend so
8. Feelings of being controlled much time talking about consumerism
9. Mistrust of others on this Web site not because I hate
10. Tendency to treat others as consumers (or else I’d have to hate
objects for personal gain myself), but rather because I feel a
11. Shorter, more conflicted the basics, an increase in money and deep sympathy for all the people in
relationships material things does not provide an modern countries who
12. Feelings of social alienation increase in happiness. In other words, have sacrificed meaning
13. Less desire for equality if you can afford the trappings of a and relationships on the
14. Less generosity middle class life, more material and alter of long work hours
15. Narcissism money is usually not the answer, and and shiny things. There
16. Substance abuse by chasing it, you actually push is more to life than
17. Poor self-actualization yourself farther away from the granite countertops and
18. Less enjoyment of daily activities happiness you so desire. plasma televisions.
19. Poor physical health
What does ‘Materialistic’ Mean? For the rest of thjis article visit:
Of course, correlation does not imply
causation (let’s be clear on that point), According to Kasser, a materialistic

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Mortgage Insider - Issue 3 - Page 14 of 20
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You can improve your

house value and regain
your equity!
Are you thinking of re-financing
or selling your house?
If you are, then you are in the
hands of a property valuer
either through your bank or
through the purchaser’s bank.
Either way it’s essential that you
understand that it is possible to
get a better valuation and Equity
+ can show you how.
Equity+ software is more than a multi
platform software program that allows
shows any homeowner how to
improve the value of their home either
for re-finance or property sale. Equity+
comes with a number of integrated
resources to assist in your re-finance
or selling process.
On 6th October 2005 the Sydney
Morning Herald when talking about
of your home for re-sale or refinance.
the Valuer General reported “One in
10 valuations was out by more than Equity+ could allow you to borrow Equity+ could mean the
40 per cent, a pretty handy margin of more and in some cases pay no difference between
error”. Lenders Mortgage Insurance - LMI getting a loan or missing
which will save you $1,000's. out.
The developers of the Equity+
package understand how valuers and
real estate agents work and have
adapted the Equity+ to maximise your
house’s valuation potential.
When Equity+ is used in conjunction
with supporting resources that are
supplied, every user will have greater Looking for
control over regaining their lost Equity.
In fact, Equity+ guarantees a better
valuation or sale price every time and
that could mean many thousands of
dollars in your pocket.
Think of it. An increase in the sale or
valuation price of your house of just 2
or 3% could mean more than $10,000
in you pocket. Click here!
Equity+ could give you reason to
celebrate when you improve the value

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Mortgage Insider - Issue 3 - Page 15 of 20
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Mortgage Insider - Issue 2 - Page 16 of 20
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The Mortgage and Finance “We have recently introduced
Association of Australia (MFAA) changes to our Code of
is urging people with home Practice as a way of
loans to take time out and acknowledging the
reassess their budgets ahead of importance of flexibility for
the predicted rate rise next people struggling with their
month. financial obligations,” said Mr
“It is an ideal time for all borrowers to Naylor.
do a home-loan health check and Under the new provisions,
consider what impact a possible rate MFAA members can
hike will have on their family budget,” consider:
said Phil Naylor, CEO of the MFAA. • the borrower’s
“No one likes increases in their home request to vary the
loan repayments. They can make life payment terms in
uncomfortable, especially in the lead good faith and within
up to the peak spending period of a reasonable time,
Christmas. giving regard to the
“There are a lot of competing priorities borrower’s financial
pulling at our purse strings at this time circumstances;
of year. And it is important for • suspending any
borrowers to take the time to make a action to recover any
household budget,” said Mr Naylor. payments due under
“If a person finds that this rate rise the credit facility and,
overextends their budget we urge if it has not listed a default
them to seek mortgage advice. The already, not list a credit default
worst thing a person struggling to in respect of the credit facility
repay their mortgage can do is stick against the borrower until the
their head in the sand and cross their matter is decided;
fingers. • encouraging the borrower to
“There are options available which an make payments the borrower
MFAA member can canvass with can afford pending the
borrowers – maybe the loan you Member informing the
currently have is no longer suitable to borrower of its decision to alter
your circumstances,” said Mr Naylor. the payment terms.

“It is a competitive home loan market,

and we encourage consumers to
always consider their borrowing

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Mortgage Insider - Issue 3 - Page 17 of 20
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OASIS: the place to go when the bank says NO!

Struggling to keep
your business
Banks won’t help, but Oasis
Home Loans will!

t’s not much fun when you’re Mortgages are usually the largest
juggling your business expenses payment you make each month.
AND trying to pay off your Refinancing with the right loan product,
mortgage—and the phones are you could end up paying less per
constantly ringing with creditors month ... even reduce the term of your
chasing you for money. loan!

Money worries like this certainly don’t Consolidating your debts will also
help your relationships with family or ...
friends! In fact, it’s tempting to just walk • Take some of the pressure off higher
away from everything! interest rates from your personal
loans and credit cards;
But before you walk ...
We know that life can be tough. You • Give you more flexible finance
can get into tight financial situations options, such as using your existing
through no fault of your own. property equity for other purposes.
Hey, we’ve been there too, at times! It’s
one reason why we’re so good at what
we do. We know how you must feel.
At Oasis Home Loans, we’ve helped
many people who are in your exact
We know how demeaning and
embarrassing it can be to ask the big
lenders for help—and be knocked
back. But you deserve to have your
situation untangled. And usually it CAN
be, especially with the will to succeed
that we bring to tough cases.
Refinancing may be your answer!
By refinancing—which means
packaging your current repayments
from all your debts into one convenient When things look
payment—has helped many people. hopeless, a little
discussion will often
reveal an answer that
Ask us NOW! may be right in front
of you! At Oasis Home
1800 4 OASIS Loans, we revel in

*Fees and conditions apply—to approved persons only

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Mortgage Insider - Issue 3 - Page 18 of 20
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New Mortgage Fraud Industry

Emerges as Home Loan Prices
consumption. But now that the going is
In the US and Britain, ordinary
people are suffering in their not so good, many of these people are
in real trouble. Some are trapped
Do you
prosperity. They have enjoyed more
apparent wealth - bigger houses,
more vacations, more dinners out -
between two mortgages and need to
sell a house fast. Others simply have
need to
but this is wealth consumed, not
wealth created. In order to afford to
mortgage payments that are too large.

Mortgage rates are rising in the United

spend so much more money, they
had to borrow. So their real net
States. And in Britain, last week, the
Bank of England raised rates. “Now it
wealth actually went down.
REALLY hurts,” shouts a headline in

“Lost your The Daily Mail. monthly

pay slip?
Call us…”
say signs
Freddie Mac predicts
that house sales this mortgage
year will drop 7% - to
along the
highways in
their lowest level since
2001. And an article in
Britain. We
Barron’s explains why.
had no idea
The REAL mortgage
what this Consider a
rate is the difference
meant. Why wouldn’t people just ask
between what a person pays for a Cash Flow
their employer for a copy?
mortgage loan and how much the mortgage
“Oh no…it’s a big scam,” MoneyWeek property goes up. If mortgage money
costs 6%, and a house goes up 6%, in Click here to get more
editor Merryn Somerset Webb
effect, the real cost of the mortgage is information
enlightened us. “There’s a whole
industry of people who provide zero.

fraudulent pay slips so that you can

A couple years ago, people might have
get a mortgage to buy a house.”
paid only 5% for mortgage money…

And now many of these people are while their houses went up 15%. It was

living in bigger houses, but sending in as if the mortgage rate was really

higher mortgage payments and more MINUS 10%. But now, house prices

property taxes, and these larger aren’t going up…they’re going down -

houses cost more in utilities. When at least in America.

the going was good, it looked as

For full story go to the
though it would be no trouble to keep
Dailly Reckoning
up this level of extra wealth

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Mortgage Insider - Issue 3 - Page 19 of 20
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Making your loan possible!

>> My Home Loan Approval <<

Over 170 lenders

Free - Instant - Anonymous

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Mortgage Insider - Issue 3 - Page 20 of 20