From the desk of Greg Roberts

The BluePrint 2 Black is exactly that, it’s a blueprint that will guide you out of debt in the most efficient and financially intelligent way. The BluePrint 2 Black will show you the quickest way out of debt while paying the least amount of interest using the same money you use now!

The BluePrint 2 Black works with all forms of debt whether they are secured or unsecured—we mean ALL DEBT, including your Mortgage, Student Loans, Car Loans, Consumer Debt and Credit Cards plus many more. The only requirement of the BluePrint 2 Black is that you must be able to maintain your minimum or fixed payments (which you probably already are). As mentioned above you will have a plan to get out of debt using the same money you are using right now. You will not have to get another job or pay more unless you want to.

The BluePrint 2 Black will not harm or damage your credit; in fact your credit will remain stellar as you will pay back all your debt in full.

If you are wondering what this service costs, the answer is this: Your analysis is 100% FREE and IF you choose to follow the plan laid out using the same money you use now, the fee is 1% of the total interest saved. That’s IT!

What does that look like? Well...

If your BluePrint 2 Black saved you $20,000.00 it would only cost $200.00. If your BluePrint 2 Black saved you $100,000.00 it would cost you only $1,000.00.

On average the BluePrint 2 Black shaves about 10 to15 years off of your current pay schedule. Almost all debt scenarios are resolved in 5 to 9 years including your mortgage!

Skeptical? We understand, most are, but most will at least get a Free analysis to see how much they would save with the BluePrint 2 Black Program. Take advantage of the opportunity today and change your life forever!

The application is simple; we ask for no account numbers, we will not pull a credit report nor will we ask for social security numbers or dates of birth. We are only concerned with the numbers, just as you are.

To your Wealth!

Greg Roberts BBA, CDA
President / CEO of CCDR

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The True Cost of your Home

The current house price boom has perhaps passed its peak as I bring you this today, but that doesn't stop the mortgage companies from offering yet more new and tempting products that look like good deals for a consumer.

But be warned.

The standard mortgage, running over 25 years, is set like that for a reason! When you see companies offering '40-year mortgages' or 'low start' mortgages, or perhaps even 'interest only' mortgages, you should understand these shiny new products may have a nasty stinger on their credit tail!

Perhaps the ultimate expression of lending absurdity is Japan, where at the peak of their last boom, 'Grandfather - Father - Son' mortgages were common. These committed unborn future generations to mortgage payments incurred by their predecessors (a situation thankfully illegal in most parts of the world!).

Could it ever happen here? Probably not, but the extension of 'standard' mortgage terms on lower interest rates are not actually a good thing for the ordinary Joe, even though they are touted as being 'more affordable', and should be viewed with deep distrust, simply because it means YOU WILL PAY MORE over the life of the loan.

Don't believe me? Try working out the math, instead of simply looking at the monthly repayment figure.

Using the good old loan calculator we can see that a standard $100,000 loan at 5% over 25 years will cost you over $175,000. That's a big $75k in interest. What about the same loan over 40 years at 4%? That's cheaper, right? WRONG! You'll pay over $200,000 over the period—an extra $25k or so!

A repayment mortgage will suffer an additional penalty on a longer loan—the amount of capital you pay off each month is adjusted to take account of the fact that it now runs over 40 years, not 25, and this means you build up equity in your property far slower than in a shorter loan.

So what's the advice? If you can't afford a house on a 'traditional' setup, rent.

The price will undoubtedly come back into line with wages at some point. If you already have a mortgage, overpay when you can—the difference over the years can amount to TENS of thousands of dollars!

IF you are not impressed with the amount of interest you will pay on your current mortgage for the next 30+ years then get a BluePrint 2 Black analyse done. In most scenarios, if you are able to maintain your minimum or fixed payments and are employed, we will help you get out of debt including your mortgage in 5 to 9 Years!

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The Good, the Bad and Ugly of Consolidation

You are drowning in debt. You have 5 credit cards maxed out, a vehicle loan, a consumer loan, and a mortgage payment. Simply making the minimum payments is causing your distress and certainly not getting you out of debt. What should you do?

Some people feel that debt consolidation loans are the best option. A debt consolidation loans is one loan which pays off many other loans or lines of credit.

I'm sure you've seen the advertisements of smiling people who have chosen to take a consolidation loan. They seem to have had the weight of the world lifted off their shoulders. But are debt consolidation loans a good deal? Let's explore the pros and cons of this type of debt solution.

The Good

1. One payment versus many payments: The average North American pays up to 11 different creditors every month. Making one single payment is much easier than figuring out who should get paid how much and when. This makes managing your finances much easier.

2. Reduced interest rates: Since the most common type of debt consolidation loan is the home equity loan, also called a second mortgage, the interest rates will be lower than most consumer debt interest rates. Your mortgage is a secured debt. This means that they have something they can take from you if you do not make your payment. Credit cards are unsecured loans. They have nothing except your word and your history. Since this is the case, unsecured loans typically have higher interest rates.

3. Lower monthly payments: Since the interest rate is lower and because you have one payment vs. many, the amount you have to pay per month is typically decreased significantly.

4. Only one creditor: With a consolidated loan, you only have one creditor to deal with. If there are any problems or issues, you will only have to make one call instead of several. Once again, this simply makes controlling your finances much easier.

5. Tax Breaks: Interest paid to a credit card is money down the drain. Interest paid to a mortgage can be used as a tax write-off.

Sounds great, doesn't it? Before you run out and get a loan, let's look at the other side of the picture—the cons, aka The Bad & Ugly.

The Bad and Ugly...

1.Easy to get into further debt: With an easier load to bear and more money left over at the end of the month, it might be easy to start using your credit cards again or continue your spending habits that got you into such credit card debt in the first place.

2.Longer time to pay off: Most mortgages are the 10 to 30 year variety. This means that rather than spend a couple of years getting out of credit card debt, you will be spending the length of your mortgage getting out of debt—if ever!

3.Spend more over the long haul: Even though the interest rate is less, if you take the loan out over a 30-year period, you may end up spending more than you would have if you had kept each individual loan.

4.You can lose everything: Consolidation loans are secured loans. If you didn't pay an unsecured credit card loan, it would give you a bad credit rating but your home would still be secure. If you do not pay a secured loan, they will take away whatever secured the loan. In most cases, this is your home.

As you can see, consolidated loans are not for everyone. Before you make a decision, you must realistically look at the pros and cons to determine if this is the right decision for you.

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So what’s up with all this credit card debt?

Wow, have you taken a look at all the great things that surround us?

Beauty beyond belief, summer flowers, trees, blue skies, bright, luminous yellow sunshine, hummingbirds fluttering in the air, seeming still yet in flight!

What an amazing world we have all around us. Have you noticed the new boat in the neighbor’s driveway? It’s a 300-horsepower speed boat: can’t even put it all out as our lakes aren’t big enough to hold more than a few of them on the water at the same time!

But wait that’s nothing, look at the home (err, I mean travel trailer ) it is attached to: 35 feet of pure luxury! That thing has nicer cupboards and upholstery than my house. Wow, hold on, look at the brand new SUV that is pulling both of those!

Wow, 7 seats, you can pack anything into that! All suped up with every electronic device available to the average teenager! Oh, oh but wait, they aren’t quite ready to leave yet. They have to make sure they can get the time off from the jobs...

Sure, the average Canadian or American family with two parents, both working and having children to raise, makes approximately $60,000.00. I think that is a little on the high side but that is what the stats say. So, how on earth is everyone really making ends meet plus buying all the unnecessary necessities?

Enter the wonderful world of credit cards!

You know, those annoying letters we receive every week from yet another credit card company who has somehow managed to pre-approve us for an astronomical amount of money. Those phone calls we receive just as we sit down to a wonderful but quickly prepared meal that perhaps the whole family is finally available for.

The operators wanting to say their spiel without taking a breath and then being offended when we turn down their offer. Perhaps an audition for Canadian Telemarketer Idol is at stake! The average household receives 8 credit card applications per month. They know we are going to give in sooner or later, right? So they just keep sending them.

Did you know you can request that they remove your name from the mailing and call lists. It may take a while to implement but it is worth it. Credit Cards used to be something that only a few could qualify for. You had to really be in the high income earnings and have very little debt load.

Now everyone, even those underage, are being approved with little or no education about how to properly use the cards. If you are someone who pays the balance off on your cards every month you are actually someone the company doesn’t like. They make the bulk of their money on interest charges from balances being carried over to the next month. Not to mention the service charges and finance charges.

So do yourself a favor and be sure to destroy those credit card applications when they keep coming in the mail. Ask the companies to remove your contact information from their call lists so you don’t have to worry about giving into the temptation of accepting those pre-approvals! Now get out there and enjoy some of the "free" beautiful things in life!

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