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Imagine an Entire Year Without a Mortgage Payment

Imagine.an entire year without a mortgage payment... CREDIT BILL STUDENT LOAN $$ CAR LOAN V. $$$ Quicken Loans SKIP-A-YEAR MORTGAGE SWEEPSTAKES* PLAY DAILY THROUGH NOV. 18, 2012. www.Skipayear.com 23 75.25 WORKDAYS 602 HOURS $14,160 AVERAGE YEARLY MORTGAGE PAYMENT 36,120 MINUTES Based on US Average Hourly Eamings of $23.52 AMERICANS OWE $13,216,356,000,000 IN MORTGAGE DEBT HOW COULD $14,160 IMPACT YOUR FINANCIAL FUTURE? PAY DOWN THOSE STUDENT LOANS $26,682 68,000 AVERAGE STUDENT LOAN DEBT MINUTES AT WORK TO PAY OFF 19% 40% illil 1989 1992 1995 1998 2001 2004 2007 2010 HOUSEHOLDS UNDER THE AGE OF 35 THAT OWE STUDENT LOANS HOUSEHOLDS WITH STUDENT DEBT + 111% INCREASE AMERICANS OWE $867,000,000,000 IN STUDENT LOANS GET RID OF THE CAR LOAN $17,433 44,000 AVERAGE USED CAR LOAN MINUTES AT WORK TO PAY OFF 15.6 MILLION USED 12.7 MILLION NEW 28.3 MILLION $26,673 CARS SOLD PER YEAR AVG. NEW CAR LOAN AMERICANS OWE $734,000,000,000 IN AUTO LOANS GET OUT OF CREDIT CARD DEBT $15,587 39,000 AVERAGE CREDIT CARD DEBT MINUTES AT WORK TO PAY OFF PER INDEBTED HOUSEHOLD AMERICANS OWE $704,000,000,000 IN CREDIT CARD DEBT INVEST IN THE STOCK MARKET $14,160 $220K $221,503 INITIAL INVESTMENT $88K $35K 565,000 MINUTES AT WORK TO EQUAL THE 10 years 20 years 30 years Based on 9.6% Historical Average Return POTENTIAL 30-YEAR INVESTMENT RETURN START A 529 COLLEGE SAVINGS PLAN $22K $14,160 $38,130 $14K INITIAL INVESTMENT 97,000 1-year 9-years 18-years MINUTES AT WORK TO EQUAL THE POTENTIAL 18-YEAR INVESTMENT RETURN Time to turn the DREAM into REALITY! Enter the Quicken Loans SKIP-A-YEAR Mortgage Sweepstakes and you could have an entire year without a mortgage payment! www.Skipayear.com In partnership with QuickenLoans SKIP-A-YEAR BECKON PERARVE MORTGAGE SWEEPSTAKES *NO PURCHASE NECESSARY. LEGAL RESIDENTS OF THE 50 UNITED STATES (D.C.) 18 AND OLDER. VOID WHERE PROHIBITED. Sweepstakes ends 11/18/12. For Official Rules, and complete details, visit QLskipayear.com. Sponsor: Quicken Loans Inc. SOURCES: federalreserve.gov, census.gov, freddiemac.com, ycharts.com, npr.org, pewsocialtrends.org, nada.org, experian.com, forbes.com, nerdwallet.com, usatoday.com, webmath.com, smartmoney.com

Imagine an Entire Year Without a Mortgage Payment

shared by Ghergich on Oct 26
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This infographic looks at what you could pay off or down if you didn't have a mortgage for a year. It also ties into to the sweepstakes promotion Quicken Loans is doing.

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