Other Sites And Info On Mortgage Acceleration - 12/3/09

Old News Most American Mortgagors

Have Never Heard Before

 

Since you’re reading this report, I’m assuming that you’ve at least heard the term mortgage acceleration. I commend you for that, because you’re in the right place for us to lead you toward paying off your mortgage…in a fraction of the time!

 

But let’s not get ahead of ourselves. I still have to show you how it’s possible that a mortgage can be paid off in 7 to 9 years.

 

Due to the consumer un-friendliness of the banking and lending institutions in America, mortgage acceleration programs aren’t popular here. Heck, most people here haven’t even heard such a term.

 

But the concept of mortgage acceleration isn’t new. It’s actually very popular in Australia and parts of Europe. In fact, the lending institutions there freely offer such programs.

 

So, what’s a mortgage acceleration program? Let me define one for you by giving you a shining example, which thousands of lucky Americans are doing…

 

How To Eliminate The Last 20 Years of A 30-Year Mortgage

 

To avoid overwhelming you with detail, we can show you the mathematical details of this concept in the updates we’ll be sending you. For now, I just want to briefly describe this to you.

 

The reason why most mortgages drag on for up to 30 years (sometimes even longer) is because most of your interest, which is calculated daily, is paid off before the principal. The interest is front-loaded to benefit the banks! I guess they figure you won’t keep the mortgage too long before they persuade you to re-finance, so they better get what they can early!

In fact, in a 30-year mortgage, only about half the principal is paid after 22 years. On the other hand, with our method, your loan will have been paid off a decade before the 22 years…leaving you almost a couple of additional decades to save for retirement!

 

In fact, in a 30-year mortgage, it’s only in the last 7 or 8 years that the remaining 50% of the principal is paid off.

 

Let that sink in…ubrella drinks on the beach…or mortgage payments?

 

With mortgage acceleration, we reverse that trend…without increasing your monthly payments.

 

That is, instead of using your current monthly payments to pay off your interest (which is what the banks want you to do), we show you how to start chopping away at the real problem first: the principal.

 

By reducing the principal, the amount of interest is also decreased, even if the interest rate stays the same.

 

That’s it, really. It’s quite simple. The only thing difficult about it is understanding how you can make your home loan work for you, instead of for your bank. And quite frankly, if you understand what I told you in this report, then you’re well on your way. There’s still stuff to learn, but this is a great starting point.

 

As long as we focus on the real problem (which you now know is the principal), instead of the band-aid solution (the interest that the banks divert most of your payments to), the problem will literally disappear.

 

 

 

 

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