MMG WEEKLY – ENJOY YOUR LABOR DAY HOLIDAY!

Labor Day Holiday 

I sincerely hope you have been enjoying  the MORTGAGE MARKET GUIDE WEEKLY newsletters I have been sharing. As the Labor Day holiday is being observed, the next full issue will arrive on Monday, September 10th. In the meantime, please share these great tips with your clients, referral partners, and family members. Most people rely on their cell phone personally and professionally these days, and these tips can help reduce expenses.

The Mortgage Market Guide Weekly is the industry’s leading publication of this type, and I’m pleased to provide this valuable resource to you. If you feel that any of your clients, friends, family members or associates would benefit from keeping up-to-date on market and economic trends with this easy-to-read format, please let me know, and I will be happy to add them free of charge.

The Mortgage Market Guide View… 

5 Sneaky Cell Phone Fees

Activation and upgrade charges add up fast.

By The Kiplinger Washington Editors, Kiplinger.com

Thinking of switching to a new wireless provider? If it’s one of the major national carriers, expect to be slapped with an activation fee — typically about $35 — for each new line you open. For a family plan with four lines, that would add up to a whopping $140. The salesman may be willing to waive the fee if you threaten to walk away. Or keep an eye out for promotions that allow you to sign up without activation fees. Recently, customers who bought Verizon Wireless phones through Best Buy paid no activation fee.

Even if you stick with your current provider, you may not be off the hook. The big carriers also charge an activation or upgrade fee when you are extending your contract and you purchase a new phone or qualify for a free phone. That fee ranges from $18 at T-Mobile to $36 at AT&T and Sprint. Depending on your carrier’s rules, you might bypass the fee by purchasing a phone from another source — but first check whether you can use the phone you want to buy on your network. If you buy a full-price phone from your provider with no contract, you’ll likely dodge the upgrade fee — but you’ll pay a lot more than you would for a subsidized phone.

Early-termination fee. The price for exiting your contract early can be as high as $350, depending on how much time is left on the contract (the major carriers prorate the fee). If you can get a better deal elsewhere, do the math to decide whether canceling now will save you money. You can try to negotiate to eliminate or lower the early-termination fee; if you have a good reason for canceling, such as moving out of the country, you’re more likely to succeed. Or try selling the remainder of your contract at www.celltradeusa.com (you’ll pay a $20 listing fee).

Texting charges. Most of the big carriers charge $20 per month for unlimited text messaging. If you have an iPhone or Android phone, you can save $240 a year by downloading the Textfree app, which allows you to send and receive text and picture messages free over a data or Wi-Fi connection (you’ll use a separate phone number for sending and receiving messages through the app).

411 fees. No need to pay a couple of bucks plus airtime to dial directory assistance. A serv­ice such as 1-800-FREE-411 will do the job, and you’ll pay only for the minutes you use. Or, if your phone has a data or Wi-Fi connection, you could do a Web search instead.

Stealth cell-phone fees. Check your bill each month for unexpected fees from your carrier as well as unauthorized charges that third-party companies sneak into bills — a practice known as cramming. Schwark Satyavolu, chief executive of online savings tool BillShrink, says that in the past, he has contacted his cell-phone carriers to remove unrequested services from his bills, including international calling, a ringtone subscription and an insurance plan. If you don’t typically buy services, such as ringtones and games, from other companies, you can fend off the fees by asking your carrier to block third-party charges.

Reprinted with permission. All Contents ©2012 The Kiplinger Washington Editors.Kiplinger.com.

Economic Calendar for the Week of September 03 – September 07

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Tue. September 04
10:00
ISM Index
Aug
NA
49.8
HIGH
Wed. September 05
08:30
Productivity
Q2
NA
1.6%
Moderate
Thu. September 06
08:15
ADP National Employment Report
Aug
NA
163K
HIGH
Thu. September 06
08:30
Jobless Claims (Initial)
9/01
NA
NA
Moderate
Thu. September 06
10:00
ISM Services Index
Aug
NA
52.6
Moderate
Fri. September 07
08:30
Non-farm Payrolls
Aug
NA
163K
HIGH
Fri. September 07
08:30
Unemployment Rate
Aug
NA
8.3%
HIGH
Fri. September 07
08:30
Hourly Earnings
Aug
NA
0.1%
HIGH
Fri. September 07
08:30
Average Work Week
Aug
NA
34.5
HIGH
The material contained in this newsletter is provided by a third party to real estate, financial services and other professionals only for their use and the use of their clients. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, we do not make any representations as to its accuracy or completeness and as a result, there is no guarantee it is without errors.
Mortgage Market Guide, LLC is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated. Mortgage Market Guide, LLC does not grant to you a license to any content, features or materials in this email. You may not distribute, download, or save a copy of any of the content or screens except as otherwise provided in our Terms and Conditions of Membership, for any purpose.
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