Hey, Your LetmePayday Newsletter For 20 September 2022

This is your Newsletter. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ [LPB]( [LPL]( [LetmePayday Newsletter]( You Might Like     [Learn more about Jeeng](  [What To Do After You’ve Paid Off Your Mortgage]( [What To Do After You’ve Paid Off Your Mortgage]( For many homeowners, one of the milestones on the path to financial independence is being able to pay off their mortgage. With typical mortgages lasting 30 years, it can take a long time to meet this goal. But what happens when you pay off your mortgage? There are, in fact, a number of steps to making your final mortgage payment and figuring out what to do next. Consider working with a financial advisor as you work toward your financial goals and overall independence. How to Pay off a Mortgage When you’re ready to pay off your mortgage, follow these steps to accomplish your goal. Keep in mind that because of accrued interest, the balance on your mortgage statement isn’t the payoff amount. Contact your lender online or over the phone to request a payoff statement. The mortgage company will send you a letter with a payoff amount through a specific date. This amount includes accrued interest through a certain date. Pay the amount due by the due date or expiration of the payoff statement to eliminate your mortgage. Any excess amount that you pay will be refunded. Since most mortgages have property taxes and homeowners insurance premiums included in the monthly payment, there will be an amount left over when your mortgage is paid off. Request an escrow account refund and set that money aside to pay those bills when they come due. [[icon] Read MoreÂ](  [Online Personal Loans up to $50,000](  [Pitfalls You Might Encounter With a Personal Loan]( [Pitfalls You Might Encounter With a Personal Loan]( Everyone has their share of good and bad experiences with personal loans. Let’s look at some of the pitfalls that you may encounter facing personal loans from different sources like banks and credit unions. What are the Pitfalls of a Personal Loan? Personal loans are a great way to make quick, easy, and affordable money. But like any type of loan, there are some potential pitfalls you might encounter when applying for one. Here are five to be aware of! - Make sure you can actually repay the loan. Personal loans are typically sized based on your income and credit score, so be sure to factor those into your budget and repayment plan. If you can’t afford to pay back the loan when it’s due, you’ll likely end up paying more in interest and fees than the amount you originally borrowed.  - Compare all your options carefully. Just because a personal loan may be a good option for you doesn’t mean it’s the best choice for everyone. Compare interest rates, term lengths, and monthly payments to find the best deal for you. And don’t forget to factor in any extra fees that may apply, like origination or borrowing fees.  - Don’t sacrifice financial stability for a personal loan. Before taking out a personal loan, be sure to budget for potential expenses that may arise – like unexpected car repairs or emergencies at home. Being prepared will help keep your overall finances in check while you’re working to repay the loan. [[icon] Read MoreÂ](  You Might Like     [Learn more about Jeeng]( Connect with LetmePayday on Social Media Pages [Facebook]( [Linkedin](    [Unsubscribe](