Coin Return Group: How Do They Track Down Crypto Scammers?

Chris Turn on September 17, 2022

Over the years, numerous cryptocurrencies have been brought into the financial market. Increased cryptocurrency scams have also accompanied this surge due to some cunning brokers attempting to lure funds from unwary investors.

Even though most of these scamming techniques are dated, newer ones have also emerged throughout time. These scammers develop innovative techniques to entice investors to share their crypto details or pay in crypto for nonexistent services.

Coin Return Group is aware of the dire situation that cryptocurrency owners are in and has helped victims get their lost or stolen coin holdings back. In this interview, a core team member provided specific information about how they carry out this recovery procedure.

How Can Individuals Be Scammed Of Their Cryptocurrency?

Scammers employ two main methods to defraud cryptocurrency owners of their money. Firstly, they devise initiatives like phishing URLs that try to access a target’s digital wallet or login credentials.

They can then remove the coins from the accounts using this information.

The other approach includes the crypto owner sending money directly to a fraudster due to impersonation, false business or investment offers, or other nefarious reasons.

Does This Imply That It Is Simple To Con People Out Of Their Cryptocurrency?

Like any other scam, robbing people of their cryptocurrency is a challenging task. Implementing the best strategy to entice both seasoned and novice cryptocurrency owners takes months and entails using numerous software to carry out the hoax, which may be unsuccessful.

Since scammers’ only objective is to steal other victims’ cryptocurrency, they relentlessly continue to look for vulnerable crypto owners and pounce without mercy when they find one.

What Method Does Coin Return Group Apply To Help Clients Track Down Their Scammers?

At Coin Return Group, when our clients contact us to get help, our team of blockchain specialists employs multiple time-tested, precise exchange-targeting techniques to find the stolen cryptocurrency.

If the fraud is reported as soon as possible, we apply these methods to trace the transactions from the scammer’s crypto address up to the location of the stolen asset. Subsequently, we prevent the further exchange of the coins from the wallets they are found in and then facilitate their return to the client.

Can You Share An Example Of One Of The Cases Coin Return Group Has Worked On?

One of the clients we recently worked with had his retirement money stolen after he invested it in crypto. After contacting us, we immediately got to work to help him recover the coins. We learned during the investigation that our client had clicked on a phishing link, giving the scammer access to his login information.

Ultimately, we were able to locate the coin that had been stolen. Thereafter we returned it to him and assisted him in filing legal action against the scammer.

Working with crypto scam victims inspired us to shift our full focus to Blockchain security services to prevent crypto fraud and theft.

What Tips Do You Have On How Crypto Owners Can Avoid Getting Scammed?

To avoid getting scammed, never divulge your private cryptocurrency authentication details to outsiders. No one requires those keys for a legal transaction, so pay no attention to such requests.

Additionally, cryptocurrency owners should disregard strange-looking communications from unreliable sites since replying to them may trigger a channel that would enable hackers to access their wallets.

Lance Ippolito Interview: 6 Things You Must Do To Become Financially Independent

Chris Turn on September 3, 2022

Everybody who gets out of bed each morning to earn a living has the goal of becoming financially independent. While many people may never achieve financial independence because they are not intentional about it, others take the required steps to do it as soon as feasible.

However, since we are all plagued by future uncertainty, the need to become financially independent becomes more pressing daily. And attaining it means you can easily afford life’s basic amenities and indulge in other luxuries. Most importantly, it would allow you to weather the inevitable financial crises that come with inflation and other economic pitfalls.

In this interview, finance pro, Lance Ippolito, has some tips on things you need to do to attain financial independence.

How challenging is it to become financially independent?

Like everything in life, being financially independent does not come easy. Only very few people attain it quickly due to some stroke of luck, while the majority have to go through immense handwork, risks, and discipline to pave their path.

What advice can you give to individuals to help them become financially independent?

A key step to achieving financial independence is having the right mindset. I tell myself each day, “Lance Ippolito, there is nothing too great for you to conquer.” 

With that mindset, I am moved to look for suitable means to increase my financial worth from its previous value. In addition, investing surplus funds, taking upside hustles or starting a business, saving passionately, increasing financial knowledge, and staying away from bad debts are all necessary for attaining financial independence.

Does debt prevent an individual from attaining financial independence?

Debt can be good or bad. Some people incur debt to buy new vehicles, jewellery, and other items that they cannot now afford with their income. Such actions would derail even the best-laid intentions to achieve financial independence. 

However, debt can help you reach financial freedom quicker when appropriately utilized. If you take out a loan to invest wisely, the returns would both help you pay off the debt and give you money to reinvest or save.

Are there any investments that guarantee financial independence?

Investing your money has the potential to bring about significant gains, making it an essential step on the road to financial independence. However, there are no guarantees as every investment has a certain amount of risk. 

Investments like high-yield savings accounts, Certificates of Deposit (CDs), Money Market Funds, Government Bonds, Corporate Bonds, Index Funds, Exchange-Traded Funds (ETFs), and Mutual Funds are safe. 

They will produce some profits, though it might not be significant. 

Also, if you are more adventurous, cautiously dealing in cryptocurrencies or forex can help you get your big break quicker.

Can reading finance books help better one’s chances of attaining financial independence?

Readers are usually more innovative and creative than other people. Reading financial books would help you understand the process of making money, give tips on suitable financial investments, and show you the mistakes to avoid. 

With proper knowledge, achieving financial independence and stability becomes easier. Other steps you can take are:

  • Setting life goals,
  • Making regular budgets, for instance, monthly budgets,
  • Living below your means,
  • Setting up automatic savings, and very important,
  • Getting a financial advisor.

Writing a Proper Financial Report

Article Editor on September 1, 2022

Writing a Proper Financial Report

Writing an accurate financial report is extremely important to ensure a company is accurately represented to investors, shareholders, and other interested parties. Helen Lee Schifter, a business expert, lays out the six key components that help in writing a detailed and accurate financial report:

1. Balance sheet

A balance sheet is a necessary financial document that lists a company’s assets and liabilities. It provides a snapshot of a company’s financial health and is essential in writing a financial report. Balance sheets are vital in assessing a company’s financial stability and identifying potential red flags. They are also vital in comparing a company’s financial health to its competitors.

A balance sheet is essential for investors, creditors, and analysts. It can help them understand a company’s strengths and weaknesses and make informed decisions about investing in or lending to a company.

2. An income statement

An income statement is an essential financial report because it details a company’s revenue and expenses. The information is essential in understanding a company’s financial health and decisions about its future.

Without an income statement, it would be difficult to know how much money a company is making or losing. This information is essential in making informed decisions about a company’s financial future. Income statements can also help to identify trends and problems within a company.

Helen Lee Schifter is a financial expert who believes that income statements are essential in writing a financial report. She has experience in both personal and corporate finance and knows the importance of having accurate and up-to-date financial information.

3. Cash flow statement

The cash flow statement is an essential financial statement for a business. It tracks the company’s cash inflow and outflow and provides insights into its overall financial health. By understanding the company’s cash flow, investors and creditors can make informed decisions about whether or not to deal with the company.

4. A statement of shareholders’ equity

A statement of shareholders’ equity is an essential part of any financial report because it gives investors and other interested parties a clear representation of how much the company’s stockholders have invested in the business. The information is essential in deciding whether to invest in a company and can also give insights into a company’s financial health. Schifter explains that a statement of shareholders’ equity is necessary for calculating a company’s book value, which is a critical metric in determining its financial strength.

5. A List of all the company’s major contracts

A list of all the company’s major contracts and agreements is essential in writing a financial report since it gives an overview of the company’s financial commitments. It also helps to identify any potential risks associated with those commitments. Failure to have this data would make it difficult to provide an accurate and complete financial picture of the company.

Each of the above-stated points is essential to give a complete and accurate picture of the company’s financial health. Make sure to include all of them in your following financial report!

Tips for Improving Spending Habits

Article Editor on August 15, 2022

Tips for Improving Spending Habits

There are a lot of things that can be done to save money and improve spending habits. It is essential to be mindful of what is being spent and to make sure that the money is going towards things that are needed or will provide long-term benefits. Some tips for improving spending habits include.

1. Make a Budget

This is an essential first step to getting a handle on where the money is going. Track expenses for a month or two to see where money is being spent, and then set up a budget accordingly. This will help ensure that money is not wasted on unnecessary items. Dr. Jordan Sudberg has created a budgeting system that can be used to track expenses and create a budget.

2. Set up a Savings Plan

Having money set aside for emergencies, retirement, or other future goals is essential. Automating deposits into a savings account can help to make this process easier. Having the money automatically deducted from a paycheck can make it less likely to be spent on other things.

3. Invest in Quality, Not Quantity

When buying items, it is essential to think about quality over quantity. It is better to buy fewer items that will last longer than to buy many cheap things that need to be replaced frequently. This can save money in the long run and reduce the amount of clutter that must be dealt with.

4. Avoid Impulse Purchases

Before buying something, take a step back and think about whether it is something that is needed. It can be easy to make impulse purchases, but this can quickly add up and strain finances. If an item is not required, it is probably not worth buying.

5. Shop Around

When making a purchase, comparing prices and finding the best deal possible is essential. There are many ways to save money by shopping around, such as using coupons, comparing prices online, or waiting for sales.

6. Use Cash

When possible, it is helpful to use cash instead of credit cards. This can make it easier to stick to a budget, and it can also help to avoid debt. If cash is not an option, try to use a debit card instead of a credit card.

7. Live Below Your Means

One of the best ways to improve spending habits is to live below your means. This means spending less money than you earn and saving the rest. It can be challenging to do this, but it is worth it in the long run. It is essential to find a balance between spending and saving to not deprive yourself of things you need or want. Dr. Jordan Sudberg sets a great example of living below your means.

8. Avoid Unnecessary Fees

There are many ways to avoid paying fees, such as late fees, overdraft fees, and ATM fees. It is essential to be aware of these fees and to avoid them if possible. Many banks offer free checking accounts, and there are often ways to waive fees if unavoidable.

In every spending decision, it is essential to consider whether the purchase is necessary. It can be helpful to ask yourself if the item will add value to your life or if it is something that can be put off until later. Following these tips can improve your spending habits and make better financial decisions.

What You Need to Know About Stock Options

Article Editor on August 1, 2022

What You Need to Know About Stock Options

Stock options, also known as share options, are a type of equity compensation companies can offer employees. There are two stock options: “non-qualified” and “incentive qualified.”

non-qualified stock option

The company grants an option to purchase shares of company stock to directors or executives who meet certain conditions set out in the corporate document–for example, minimum service and age requirements. The holder does not have any rights as an employee. Non-qualified options are taxed at capital gain rates for US residents and ordinary income rates for non-US residents.

incentive-qualified stock option

The option to purchase company stock shares that the company grants directors or executives with specific minimum service requirements can be exercised after the required service has been completed, usually at a predetermined date. The holder has all rights as an employee and ownership rights. These options are not taxed.

What You Need to Know About Stock Options

1. What types of options are available?

You have only two choices: incentive-qualified options or non-qualified stock options. While incentive-qualified options do not immediately impact your income tax liability, they affect your gain timing.

2. Are stock options expensive?

Typically, the exercise price of stock options is set at or near the current market value of the company’s shares. Exercise prices for incentive-qualified stock options are usually lower than for non-qualified stock options. According to Jordan Sudberg, a pain management specialist, the average cost of an incentive-qualified stock option ranges from $10 to $12 per share. The average cost of a non-qualified stock option is about $3 to $4 per share.

3. How many options can I receive?

According to Sudberg, you can only exercise your options after receiving a certain number of years’ vesting in incentive-qualified stock options. There are two standard vesting schedules: three-year and four-year. The three-year schedule requires that you be vested after three years’ service, while the four-year schedule requires that you be vested after four years’ service. Non-qualified stock options have no vesting schedule and can be exercised at any time on or before their expiration date.

4. How do my options vest?

Incentive-qualified stock options vest from 0% to 100% in three stages. You will own 50% of your incentive-qualified stock options at the end of the first year. A second 25% will vest at the end of the second year, while a final 25% will vest at the end of the third year. This is called a three-year schedule. Another option is a four-year schedule that requires that you vest 25% after each year for four years.

5. What happens if I leave the company?

With incentive-qualified stock options, you can exercise your options and sell them immediately or wait to exercise them at a later time. However, if you decide to exercise your incentives when you leave the company, you will have to pay income taxes on the difference in price between what it costs to buy the stock and what you sold it for. Non-qualified stock options can be exercised at any time with no tax implications.

According to Jordan Sudberg, stock options are precious instruments that benefit the individual and the organization. Understanding how to properly use them can only make you a better employee and, therefore, a better person. Stock options can only be used to benefit the owners, like you and me.

Many other factors impact your decision regarding stock options, including what type of option is used in a particular situation and whether additional top executives are granted these same options as part of an executive compensation package.

Maintaining a Good Credit Score

Article Editor on June 13, 2022

Maintaining a Good Credit Score

Maintaining a good credit score is important for several reasons. Not only does it impact one’s ability to borrow money, but it can also affect the interest rates one is charged on loans and the amount of rent they will be able to negotiate on an apartment. In this blog post, educator Jonathan Osler San Francisco explains the importance of maintaining a good credit score.

1. Acquiring a Loan

One of the most important things a good credit score will do is to get a loan quickly when one needs it. This could be for a car, a house, or even to consolidate debt. A high credit score denotes that one is a low-risk borrower, which makes lenders more likely to work with them. On the other hand, a low credit score may make it difficult or impossible to get a loan. Even if one can find a lender willing to work with them, they may end up paying much higher interest rates than those with good credit scores. In other words, a good credit score could save thousands of dollars in interest payments over the life of a loan. For this reason alone, maintaining a good credit score is well worth the time.

2. Lower Interest Rates

In addition to making it easier to get a loan, a good credit score will also result in lower interest rates. This is because lenders see individuals with high credit scores as low-risk borrowers who are more likely to repay their loans on time. As such, they are willing to offer these borrowers lower interest rates as an incentive to do business with them. Lower interest rates can save an individual a significant amount of money over the life of a loan, so it’s well worth maintaining a good credit score.

3. Negotiating Power

A good credit score can give one more negotiating power regarding rent. Landlords often use credit scores to screen tenants, and those with good credit scores are typically seen as more responsible and reliable. Landlords may be more likely to negotiate rent with these tenants. This is especially true in competitive rental markets where landlords are looking for any way to screen tenants. A good credit score can give one the negotiating power they need to get a lower rent price.

4. Get a Job

While it’s not as common, some employers check credit scores when considering job applicants. This is often done for positions that involve handling money or sensitive information. A good credit score can give an applicant a leg up in the hiring process, while a bad credit score may make it more challenging to get hired. While this isn’t always the case, it’s worth keeping in mind that a good credit score can impact more than just one’s ability to borrow money.

5. Peace of Mind

Finally, maintaining a good credit score can provide peace of mind. According to Jonathan Osler San Francisco, knowing that one’s financial future is secure can be a great weight. It can also give them the confidence to pursue other opportunities, secure in the knowledge that they have the financial resources to back them up.

For all these reasons, it’s clear that maintaining a good credit score is critical. It’s well worth the effort to keep one’s credit score high, and the peace of mind it can provide is priceless.

Why I Always Choose Hard Money Bankers as My Hard Money Lender in Washington, DC

Chris Turn on October 8, 2021

Hard Money Bankers has carved a niche for itself as a leading full service private and hard money lending agency that seeks to deliver swift and flexible mortgage financing. Unlike many other lenders, Hard Money Bankers are self-funded with many of their clientele combing across commercial and residential real estate investors. 

Without mincing words, real estate may pose tough challenges to new and even experienced investors. And why most people rely on the large commercial or investment banks to help with funding, these institutions are not always suitable for fix-and-flip projects. That’s because the slow timing and credit requirements to process funding may prevent many individuals from getting the best lending deals.

However, the world of real estate experienced its best moment yet when in 2007, Chris Haddon and Jason Balin established Hard Money Bankers. Today, they are my foremost choice for hard money lending across Washington DC, Philadelphia, Baltimore, and Delaware.

The quality of service and relaxed loan terms are good reasons to choose Hard Money Bankers, but there’s more.

Here are the top three reasons I choose them as my real estate hard money lender in Washington, DC and beyond. 

  • They offer the best solution for Fix-and-Flip real estate investment

Fix-and-flip projects involve investors buying derelict property at a discounted price and refurbishing it to sell off for profit. By their nature, fix-and-flip projects ought to happen promptly. Sadly, not too many banks or lenders can offer the needed speed and flexibility. 

With Hard Money Bankers, it is easy to get funding without hassles. Investors can secure hard money loans in Wahington, DC and other areas as swiftly as within 48 hours. The loans are also short-term, so, credit scores are less important while interests are just between low to mid rates. 

  • They have a strategic location in viable real estate areas

Nothing beats the excitement of being able to transact with your lender across local state lines. That’s one benefit that Hard Money Banker offers its numerous investors. Since its inception, the lending agency has spread its offering to about eight states in the US. 

The primary areas of hard money loan lending range from Washington DC to Philadelphia, Maryland, New Jersey, Delaware, Pennsylvania, Baltimore, and Virginia. This widespread reach allows for greater access to hard money loans for investors. 

Besides, the founders of the Hard Money Bankers are familiar with these locations and that makes them better suited to provide quality financing and investment advice. 

  • They have a lasting competitive edge

Hard money loans have been in vogue for the longest time and it doesn’t look like they’ll be fizzling out anytime soon. Hard Money Bankers offers the best deals and concessions to intending customers, which very few institutions are willing to do.

In addition, Hard Money Bankers have maintained a transparent lending system, building a strategy that withstood the global pandemic. 

Hard Money Bankers aim to be America’s leading hard money loan lending agency. And it’s safe to say that with their widespread activities and quality service offering, they are not far off from that objective. 

Avoid Making These Mistakes After a Car Accident

Jeff Short on September 28, 2021

You probably know that you need to swap insurance information after an accident, but do you know everything you need to do after the fact? Whether you think you do or not, all too many drivers make 6 common mistakes in the aftermath. If you’ve been in a recent wreck, avoid making these critical mistakes.

Underestimating Your Injuries

You might not feel that bad after a crash. In fact, you might not feel injured at all. This happens because your adrenaline is in overdrive, numbing the pain you’re going to feel in the following days. By the time most people realize the extent of their injuries, it’s too late.

Once you give a legal statement to the police or your insurance company, it’s on record. Ask any auto accident lawyer, the best thing you can do is say you’re not sure about your injuries or how you feel. That way, you can seek compensation if something does crop up later.

Waiting to Act

The longer you wait to report and treat your injuries after an accident, the harder it become to claim your legal rights. Medical care, investigating the wreck, contacting a lawyer, and filing a lawsuit are all time sensitive actions when seeking compensation.

Giving Your Insurance Company Too Much Information

You’re supposed to be able to trust the company you’ve paid into all these years to cover your costs completely, but trusting your insurance company is top mistake. Their job is to make money, and they often short people by paying them less after an accident.

Never talk about fault, don’t talk about your injuries at the moment, and answer as few questions as possible. It doesn’t matter how nice the representative is, just stick with the basic facts and never tell them a concrete answer if you don’t have all the information. The extent of damage to your vehicle is an excellent example.

Not Calling the Police

In order to seek compensation, there needs to be a police investigation and report. Many states legally require this, as well. This is also your chance to be checked by a medical professional at the scene, which only adds to any claim you might need to make.

Admitting Fault

Even if you think the accident was 100% your mistake, never admit fault. There could be a wide variety of factors you haven’t considered that go into this collision, especially what the other driver was doing. Until the investigation is complete, you won’t know for sure what exactly transpired. So, don’t blame yourself or make any statements that could implicate you as the cause of the accident.

Stay Off of Social Media

Don’t talk about your accident, don’t post pictures, and never talk about an ongoing claim online. All of this can be used against you by the other driver, their insurance company, or your own. Injuries and medical treatments are included in this as well. The less you say until the claim period is over, the better off you are.

How Roger Scott Overcame Obstacles To Become A Financial Guru

Chris Turn on September 6, 2021

Financial expertise comes with a lot of challenges that are not easy to overcome. Often, there are stories of people who start out on the journey of becoming a financial guru, but soon fail at it.

While these stories break hearts, they tell everyone that becoming a guru in the financial sector is not a day’s job. And that those who have managed to overcome these obstacles should be given accolades.

In becoming the best or one of the best at something, there would definitely be obstacles. The problem is not the obstacle, but the attitudes towards the obstacles. One person who has scaled through this hurdle in his career is Roger Scott of WealthPress. 

Roger Scott, WealthPress’ Head Trader, is a financial guru with expertise in trading stocks, ETFs and many more. His 25 years’ experience makes him the perfect fit to discuss the obstacles towards becoming a financial guru. For him, the following are some of the attitudes he exhibited towards overcoming these obstacles. 

I Applied Diversification A Lot: When it comes to the financial market, there are a lot of risks involved. This risks, depending on how they are managed, can make or break a person. This is why diversification it is important to diversify.

For me, I diversified a lot, and had my investments spread across different assets. This is why whenever I faced a huge obstacle on an assets that seem to mar my investments, I was always having something to fall on. 

With this, it was quick for me to pick myself up because of the back up that I have built due to diversifying.

I Chose Wisely: As much as there are risks in the financial market, there are also opportunities that are enticing. I didn’t become a financial guru by grabbing all opportunities. If that were the case, you would not be hearing from me today. 

I ensured that I maintained a scale of preference, preferably investment in stocks and ETFs. These helped me maintain my focus and have an edge over many others. This way, I channeled my energy towards what were on my list alone. As such, if an obstacle arose, I was able to quickly notice and tackle it before it got out of hand. 

I gave myself to research and valuable information: One thing I hold close to heart is that information in the financial market is invaluable. Towards becoming a financial guru, I leveraged investment information a lot. And this helped me have an edge over the obstacles that arose. 

The thing about the financial sector is that all obstacles are surmountable. But to do this, you have to be prepared. I realized this, and did my research about new and developing areas. This helped me to quickly act and fit the round pegs in the round holes. 

I Learnt Confidence Early: As you might have realized, there are only few people who get to become a financial guru. The reason is that the journey is risky and to manage the risk, you need a daring confidence. 

For me, I learnt this early and adopted it as my watchword. Throughout my journey, my confidence was there to guide me and help me make the right choice. 

If you are looking to also become a financial guru, you will have to be confident in your approach and trust your instinct. When you’re struggling with investing, your confidence and instinct will be the only things guiding you in your choice.  

Keeping Up with Mortgage Rates

Article Editor on July 28, 2021

Keeping Up with Mortgage Rates

Keeping up with mortgage rates can keep a person healthy in the long run. While it is great to save money, many people forget that it is also essential to know how much they have saved and what they owe. Father George Rutler feels everyone should do their best to pay the mortgage and keep up with rates. Not making a monthly mortgage payment or keeping up with the debt on a credit card can lead to severe problems. For example, if a person does not have enough money to meet their monthly obligations, their car payments, credit card payment, and mortgage payment are all affected.

Keeping up with mortgage rates can help a person stay employed or self-employed. A six-month grace period following a bankruptcy filing gives a person time to start rebuilding their credit rating. If a person cannot be reasonably assured that a person will make their monthly mortgage payment, they will have no choice but to re-apply for a mortgage. It is good to start rebuilding their credit before filing for bankruptcy, as this will help a person qualify for a better interest rate, payment terms, and loan term.

It is possible to refinance their mortgage at any time before it expires, but a person has to be ready to submit multiple applications. Keep in mind that the higher their credit score, the more lenders a person will refinance with. When a person applies, a person will need to provide income documentation, employment history, and other items related to their financial situation. Lenders will evaluate these documents to determine their ability to repay the mortgage. A person may also be required to submit a creditor’s voluntary return form, which documents the extent of their debts. A person will be expected to pay the remaining balance due on the new mortgage, plus accrued interest and fees.

It can save a person tens of thousands of dollars each year and allow them to keep up with mortgage payments while lowering their debt ratio. When a person refinances, this action will reset the interest rate a person qualified for to their current rate plus one percent. Lenders prefer these low-interest-rate loans over those with adjustable rates because they believe the former offers a better long-term benefit. If a person is still employed, a person qualifies for a special discount and may also be eligible to keep their same employer.

Some people choose not to refinance because they fear that their home value may decrease in the future. The truth is that their mortgage value does not fall and increases slightly over time. Refinancing allows a person to maintain their home as long as a person wants, and a person does not lose equity in the deal. Thus, a person gains nothing but a better payment plan and life within reason.

If a person plans to leave their job before a person refinances, speak with their lender about a payment plan that allows them to keep their income. Refinancing will make it easier for a person to get financing in the future when a person is more financially sound. Otherwise, their potential lender will not view a person favorably if they have a history of defaults on their loans.

However, this can take years, so it is not something that a person should begin doing until their financial situation is stable. A few short years after a person refinance, refinancing to lower interest rates is an excellent way to keep up with mortgage payments, but it does require that a person know what a person is doing. If a person is unsure about anything, speak to a mortgage broker to help a person understand what is involved. Once a person knows what is going on, a person can refinance to lower the payment, and a person will be paying less money over the life of the loan. Before a person knows it, a person will be able to afford a much larger mortgage payment. Father George Rutler pays his mortgage off monthly.