Mortgage Reduction Calculator

26 August 2009

Depending on your situation you may want to use an existing credit card to handle your monthly expenses or you may want to get yourselfa new card. The most important factor in this decision is the interest rate. If your current card has a high interest rate, don’t use it. If it has a low rate you might as well keep it.
Also, make sure that your credit card spending limit is enough to pay for your monthly expenses, including your regular monthly mortgage payment.

Mortgage Reduction Calculator
No matter what, whichever card you use needs to have a zero balance when you start and you need to pay off the balance every month. If you do not pay the entire balance, you will end up wasting your hard earned money and this strategy won’t work for you.
Further on in the report I’ll show you how you will pay your credit card balance in full every month.
If you start shopping around for a new credit card you have to consider several important questions before you apply.