40 Year Mortgage, 50 Year Mortgage, 60 Year Mortgage… Are You Serious?!?!

At the time I got my home loan about 5 years ago, I have to admit that there were some seriously crazy loan programs being offered. At the time, I could have qualified and purchased a home 2-3 times the price of the condo I bought for $290K. The problem is that many people did just that, they didn't weigh the fact that they really couldn't afford the house that they were buying, they just looked at the loan payment that they would be making initially and didn't even consider the fact that they'd not only have to continue to make that payment, but that that payment would more than likely double or more in some cases. In any case, shortly after I bought my first house, and got my incredible loan (3/6 ARM at 3.125%), I started to hear about 40 year mortgages, 50 year mortgages and even 60 year mortgages. Think about that… a 50 year mortgage. I actually know someone who took out a 50 year mortgage.

Let's just briefly compare a 30 year mortgage to a 50 year mortgage for a $250,000 home loan. On a 30 year loan, you'd be looking at a monthly payment of about $1498.00, and over the life of the loan, you'll be paying $289,595.00 in interest – so even with a 30 year loan, you'll be paying more interest than the original amount borrowed, but now lets look at the 50 year mortgage loan. With a 50 year mortgage, borrowing the same amount, your montly payment will only decrease about $200 per month (not even actually) to $1,316.00, and the total amount of interest paid will skyrocket to $539,607.00. The amount of interest that you pay on a 50 year loan will nearly double!!!

Now lets think about this for a bit. Will saving $180.00 per month on your mortgage payment be worth adding 20 years to your mortgage, and also adding an additional $250,000+ to the amount of interest that you pay over the life of your loan? Let's figure that you invested that extra $180 every month into a savings account or CD. Let's figure for arguments sake, that you find a savings account or money market account that will yield 5% and that you invest the extra $180 every month and let the interest compound. At the end of 50 years (the entire length of your mortgage) you'll have $480,357.00. This will essentially offset the interest that you pay on the 50 year mortgage, making the total amount of mortgage paid equal to about $60,000. Looking at it this way makes the 50 year mortgage look more appealing because it frees up more monthly money to use as an investment, however here are the only problems that I see with this:

1. Most people probably only consider a 50 year mortgage because of the fact that they're looking for a way to lower their monthly payment. That being said, most people who elect to go with a 50 year mortgage aren't going to be able to put the extra $180 (from our example) into a savings account in each month for the 50 year term.
2. Life happens, even if a person has an extra $180 to put into their mortgage each month, there are often times going to be months where no money gets put in, whether it be due to:

1. Holiday expenses
2. Unexpected auto expenses
3. Traveling and vacations
4. Purchase of new vehicles

In my opinion, a 50 year mortgage is a terrible idea, but if you're planning on staying in your home for the rest of your life, if you are discipllined enough to invest monthly and not withdraw, you could actually make the 50 year mortgage more favorable.

Reactions after Taking and Side Effects of Prednisolone

Side effects prednisolone to metabolism and endocrine system
Prednisone affects to all types of metabolic processes. Under the influence of dissolved proteins and their degradation products are used by the body to produce glucose. With long term use of prednisone in plasma may deficiency of proteins. And as prednisolone steroids in plasma norm is associated with proteins in their deficit appears toxic free progesterone. At deficiency of plasma protein is impaired growth of children and adolescents.

Mineral metabolism is disturbed due to the fact that the organism appears potassium (it reduces the ability Cytotoxic infarction) and calcium (formed osteoporosis is a thinning of the bones). In the body is delayed sodium and water are the causes edema.

On the part of the endocrine system is suppressed function of the hypothalami system. This leads to the violation of the adrenal glands and the formation of Cushing's syndrome, and also to suppress the secretion of the gonadotropins hormones of the pituitary gland, menstrual disorders and infertility in women. Disorders of carbohydrate metabolism cause the development of steroid diabetes, or manifestations previously asymptomatic flowed diabetes.

Side effects prednisolone  -  cardiovascular system
The loss of the body potassium affects the condition of the heart muscle (myocardium). This may result in cardiac arrhythmias, and bradycardia (slow heart rhythms, until the heart stops). The contractile ability of the heart can cause the development of symptoms of heart failure, when the heart is unable to cope with the load and the stagnation of blood in the peripheral blood vessels. The process is aggravated by the fact that the body is delayed sodium and water - it helps to increase the volume of circulating blood and further stagnation.

At the same time under the action of prednisone is a spasm of the blood vessels and increase blood pressure, it creates preconditions for the further stagnation of blood and its increased coagulability, that is the tendency to form blood clots. The coronary thrombosis and blood vessels of the brain - the main cause of heart attacks and strokes. However in patients with acute myocardial infarction in patients receiving prednisolone spreading hearth necrosis (death of tissue) and slowing the formation of scar tissue, which can lead to rupture of the heart muscle.

Prednisone side effects to other organs and systems
On the part of the gastrointestinal tract are possible violations of appetite, nausea, and vomiting, bloating, hiccups. Happen erosive and ulcerative defeat of the gastrointestinal tract and bleeding from this area, inflammation of the esophagus and pancreas, sometimes developed transient disturbances of liver function.

From the side of the loco-motors apparatus can occur osteoporosis (it may be accompanied by fractures), violations of the bone growth in children and adolescents, muscle weakness and a decrease in the amount of muscle (atrophy), the gap tendons, muscles and ligaments (they consist of connective tissue, which reduces its volume under the action of prednisone).

Reactions after Taking Prednisone, on the skin when applied topically prednisolone and injection may appear small hemorrhages, plots increased or decreased pigmentation, thinning of the skin (skin atrophy), stretch (a consequence of the gap collagen fibers), you may receive postural rash and fungal diseases.

Lisinopril side effects contraindications and dosage for use

Lisinopril side effects

• Decrease blood pressure, arrhythmias, chest pain, not often - orthostatic hypotension, and tachycardia.
• Side effects to the nervous system: dizziness, headache, high fatigue, drowsiness, muscle twitching limbs and lips, not often - asthenia, Emotional Lability, confusion.
• On digestive system: nausea, indigestion, loss of appetite, change in taste, abdominal pain, diarrhea, dry mouth.  From the side of hematopoiesis: leukopenia, thrombocytopenia, neutropenia, agranulocytosis, anemia (reduction Hb, Erythrocytopenia).
• Allergic reactions: angioneurotic swelling, skin rashes, itchy skin. Laboratory parameters: hyperkalemia, hyperuricemia;  increasing the activity of "liver" transaminases, hyperbilirubinemia.  Other: dry cough, decreased potency:  acute renal failure, swollen tongue, lips, and extremities. Other Lisinopril side effects: Developmental disorders of the kidneys of a fetus.

Lisinopril composition
(S)-1-[N2-(1-Carboxy-3-phenylpropyl)-L-lysyl]-L-Proline . Crystalline powder white or almost white, odourless, soluble in water, sparingly soluble in methanol and practically insoluble in ethanol.


Lisinopril interaction with other drugs
gipotenzivny effect reinforce diuretics weakens - indomethacin. When combined with nitrates, propranolol and digoxin were observed clinically significant adverse pharmacokinetic interactions. Increases lithium toxicity. Potassium-sparing diuretics, potassium supplements and kalisodergaszczye means increased risk of hyperkalemia.

Lisinopril indications for use
Various forms of arterial hypertension (raising blood pressure), including renovascular (due sickness of the kidneys). Heart failure (in the complex therapy).

Lisinopril dosage for use
With arterial hypertension (persistent increase in blood pressure) drug is prescribed in the initial dose of 10 mg 1 time per day.  With the lack of expressiveness hypotensive (reducing blood pressure) effects, the dose of the product increase to 20-40 mg (up to 80 mg). In chronic heart failure appointed in the initial dose of 2.5 mg; supporting dose - 5-20 mg. For patients with disorders of water-electrolyte metabolism, renal failure, renovascular hypertension, also receiving diuretics initial dose of lisinopril is 2.5-5 mg. The drug is taken 1 time a day regardless of the meal.

Before treatment should be compensated for the loss of fluid and salts. With the utmost care appoint patients with impaired kidney function, also patients receiving diuretics and antidepressants. When used together with diuretics, vasodilators and beta-blockers effect of the product goes up, which is often used by doctors in the treatment of severe hypertension. With simultaneous use of analgesics anti-inflammatory effect of the product is reduced.

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Health Care Bill Details

The Wall Street Journal has two opinion pieces that highlight hidden details of the House health care bill that may have a major impact. The first article identifies a 69% capital gains tax increase that will hit high income individuals as of January 2011. The second identifies a nod to the trial lawyers that would encourage states to "identify an alternative medical liability law" to ensure a "fair resolution of disputes. However, the passage also states that States only qualify if its new law "does not limit attorney's fees or impose caps on damages."

As I mentioned in my previous posting, any bill in Congress typically has numerous add-on clauses inserted by different members of Congress. That's what causes basic proposals to blossom to thousands of pages. But what I'd be interested in knowing is the source of each of these clauses. Ideally it would be great to know who wrote each passage. I suspect, because I have heard it mentioned, that the language in these clauses is typically written by the special interest group itself who then peddles it to a member of Congress to get it inserted into the bill. These interest groups "write" most of these bills ... and yet the public has no knowledge about the authors. I wonder how many authors there are in this health care bill!!

One way to fix this imperfect information problem might be to require that every passage of a bill have authorship attached. In this way the public who will be affected by the bill would have better information concerning the role of special interests in shaping particular pieces of legislation.

Of course this might be impractical especially when a passage is changed and adjusted by numerous individuals during its development. Nonetheless, each passage should have no more than a handful of "major" authors. Another problem with such a proposal is that many interest groups wouldn't want the public to know that they authored particular clauses (eg the trial lawyers' association). As a result, a requirement to display authorship would quickly lead to diversionary tactics. Interest groups might outsource the writing of bills to independent consulting groups. Or, the true authorship might simply be fabricated.

Alternatively, each clause could be identified with the Congress member who inserted it. Possibly this info is already available. If so it could be helpful to publicize that info and discuss it more widely.

Although, having more of this information, especially for such major legislation as the health care bill or cap-and-trade, would be very revealing, it seems impractical to simply legislate reporting requirements. Thus, the next best alternative in a free society is to encourage more reporters, bloggers and other interested parties, to investigate these details and make it available more widely. The WSJ has done some of that work today. Surely much more of it has been done in other publications.

If you know of some, and have a link, please post it here.

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10 Tips to Save Money This Winter – Prepare Your Home for Cold Weather

With winter coming, most homeowners typically experience higher energy costs. This obviously hinges on the fact that we use more natural gas to heat our homes, and the fact that days are shorter, so we spend more time inside, and while we're inside we're using electricity, watching TV, surfing the internet, etc. Here are ten tips that will help you to save money on your energy costs this winter – 5 of the tips are simple, and can go a long way, the other 5 will require a bit of an investment to start, but will pay off big over time.

5 Simple Tips to Save Money on Energy

1. Minimize the electricity usage – grab a book! As days in the winter are shorter than days in the summer, we tend to spend more time inside. During this time, make sure that lights are only turned on in rooms that people are in, and rather than turning on the TV, or browsing the internet, grab a book.
2. Run ceiling fans in reverse. If you have a ceiling fan, look for a switch on the base of it and select the reverse option. Running ceiling fans in reverse will help circulate the warmer air that gathers at ceiling level back down toward your living space.
3. Don't turn that heater on! Look for other ways to stay warm while inside, if you have a fireplace, start a fire. If you don't have a fireplace, grab a blanket and cozy up on the couch, or grab a sweater.
4. Stop any cool air drafts. If your windows and doors aren't properly sealed, you can be wasting tons of energy on cooling costs, as your heater pumps away, it is being directly offset by cool air leaking in from underneath doors and around poorly sealed windows. Place weather stripping or rolled up towels at the base of doors, and make sure all windows are properly caulked and sealed.
5. Turn down your water heater. Many water heaters are set to about 140 F by installers, try lowering this 10 degrees, if you don't notice a difference, try lowering it 10 more. Dropping your water heater from 140 down to 120 can help save 5-10% on heating costs.

5 Timely/Costly Tips to Save Money on Energy

1. Install Energy Star appliances. Though costly up front, Energy Star appliances can save you from 10-20% on your energy costs.
2. Install storm doors and dual pane windows. Storm doors are thickly insulated and help keep cool air out and warm air in, likewise, dual pane windows will do the same thing.
3. Install a programmable thermostat. By installing a programmable thermostat, you can guarantee yourself that you won't forget to turn the heater off. You can set it to 60 degrees from 8am to 6pm (while you're at work). That way, you have a little piece of mind that you didn't leave the heater on while you're at the office.
4. Re-insulate, and/or add additional insulation in walls and attic. If you've done all of the above and your house still doesn't seem to hold heat, then your house may be improperly insulated. Installing new insulation in the walls and attic can help your house retain heat and save you money on heating costs.
5. Seal your air ducts. Make sure that all of the ducts that deliver air from your furnace are properly sealed. Any air escaping the ducts will be lost, thus increasing your energy costs.

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Extra Principal Payment - Mortgage Elimination and Lower Interest Expense Through Extra Payments

I've set the date for my first additional principal payment on my mortgage for April 15th. Since my first extra principal payment will be getting funded by my tax refund (which I have already received) I don't see a problem in sending the payment in on April 15th - I just want to make sure that my additional principal payment is sent and received prior to my next automatic mortgage payment.

Some of you may be asking yourselves, "Why would it matter when the additional payment is received, it gets applied either way, right?". It does get applied to my mortgage balance either way, however, the reason that I want to make sure that my additional principal payment is sent in and applied prior to my next automatic mortgage payment is because it will help to decrease the amount of interest that is paid on all of my subsequent mortgage payments. Why is this? Let's say for simplicitys sake that I have a $100K loan at 5% with a monthly payment amount of $536, and I'm going to send in an additional principal payment of $10K. If I don't send my additional principal payment, about $120 will go to principal, and $416 will go to interest. However if I pay my $10K additional principal payment (I realize this is a large extra payment, but it just helps to illustrate a point), then my next regular mortgage payment will have about $375 go to interest, and about $162 go to principal. It basically reduces the amount of interest that you pay in the long run. In this example, I save about $40 on interest in one month, over the course of the year, that will add up to be about $500 saved in interest. It adds up, and obviously, the quicker and more drastically that you can lower your principal balance, the less money you'll be spending on interest every month.

Will this work for everyone? Absolutely not. First, you'll need extra money every month in order to be able to make extra payments. Secondly, there are people of the school of thought that you're quite simply an idiot if you pay off your mortgage early because you'll be losing the tax benefit of being able to write off your interest paid. I think its absolutely retarded to be excited about writing off your interest expense, but that's an entirely different story.

Money Merge Account: Using Money Merge Account Software to Pay Down Your Mortgage

What is a Money Merge Account? There are many options out there for money merge accounts, but one of the primary ones that I found was by a company called UFF. Basically, they explain the money merge account as a means to paying off your mortgage in 1/2 to 1/3 of the time that it would typically take. The money merge account is explained as having three major components:

1. Your existing mortgage.
2. A Home Equity Line of Credit (called an ALOC within the money merge account system - Advanced Line of Credit)
3. Money Merge Account Software

Basically, the way it works is all income that you receive goes toward paying off the balance on your ALOC. Any income that you receive, goes straight into that account. As your you make deposits, the money merge account software tells you when to make payments toward your mortgage, the primary thing that helps you pay down your mortgage in 1/2 the time or less is the payments that the money merge account software tells you to make - it schedules larger than normal monthly payments which lowers your principal balance faster, this in turn, decreases the amount of interest that you'll be paying toward your subsequent mortgage payments. While the ALOC will be charging you interest on your outstanding balance (it must be an open-end interest calculation), the MMA software predicts this and minimizes (or cancels) the amount of interest that you'll be paying on your primary mortgage.

All in all, money merge accounts seem like they can definitely help cut down on the time it takes to pay down a mortgage, however it will require a lot of discipline on the part of the borrower. In the end, it is ultimately up to you, the borrower - are you disciplined enough to put all of your extra money directly into your mortgage? Could you just do this yourself, or is the software necessary?

I don't believe it has been released yet, but I recently read an article that mentioned there may soon be a Credit Card based money merge account option. I