| Ariel Metekingi knew there was a way to pay off | | | | The fundamental part is, when thehomeowners' |
| debts and a home mortgage quickerthan what was | | | | money isn't being used it sits in the mortgage account |
| being offered on the US market. Living in New Zealand | | | | reducing thedaily loan balance on which interest is |
| wherehomeowners pay off their homes and are debt | | | | computed. This saves on average hundredsof |
| free on an average of 6-10 years, heexperienced how | | | | thousands in interest over the life a typical loan. Less |
| a flexible mortgage account worked there and in | | | | interest paid means moremoney for principal, so the |
| Australia. | | | | homeowner builds equity faster and owns their |
| "I was surprised to find that Americans, generally | | | | homesooner. |
| considered worldwide leaders andinnovators, are | | | | "What this does for homeowners, is it empowers |
| laboring with archaic mortgage programs where the | | | | them to take control of theirfinancial health," says Ed |
| major face-lifthas been bi-monthly mortgage payments | | | | Bisquera, loan officer for Mortgage Express. "With |
| and the second mortgage," says | | | | thisprogram, a homeowner can combat the financial |
| Metekingi. "I found that the American Mortgage industry | | | | cancer known as consumer debtplus current |
| was seriously lacking insome of the wealth building | | | | mortgage options and it allows the homeowner to |
| mortgage and financial principles that have become | | | | reach their goalssooner in life, rather than later. This isn't |
| soprevalent in New Zealand and Australia." | | | | a mystical trick of numbers; it is simplytaking away the |
| The flexible mortgage account Metekingi is referring to | | | | interest spread banks earn and gives it back to the |
| is now available in the US,based on a 30 year+ proven | | | | homeowner." |
| Australian industry standard and model in use by overa | | | | Is this new loan product and system for everyone? |
| third of homeowners in that country. It was later | | | | Yes, if you can achieve the simple disciplines of |
| introduced to the New Zealandmarket, where | | | | budgeting and currently havepositive cash flow or are |
| homeowners achieve similar results; paying off their | | | | willing to review your budget to recover funds to |
| debts andmortgage on average of 6-10 years. | | | | createsignificant positive cash flow. You must be |
| This powerful new tool to combat the current financial | | | | coachable and allow your goals to dictateyour plan of |
| plague of debt in Americacombines a mortgage and a | | | | action. If you're willing to do that, the payoff is unlimited |
| full-service bank account. The new "all-inclusive" | | | | and gettingrid of debt and your home mortgage in 6-10 |
| typeloan creates huge savings in interest payments | | | | years is no longer a dream, it's areality. |
| and loan payoffs in one-half to one-third the time | | | | "The ability to be mortgage free within 6-10 years, |
| requiring little to no change to current spending habits | | | | quickly eliminate consumer debt,and free up existing |
| or income. | | | | income to start a significant investment program for |
| Several companies, including CMG Mortgage and | | | | the futureis a now a reality. This can all be possible |
| MacQuarie, are the frontrunner inthe mortgage industry, | | | | without requiring any additional incomeor reducing |
| offering the innovative flexible mortgage account loan | | | | standard of living. The flexible mortgage account |
| optionto consumers. CMG's Home Ownership | | | | hasempowered the individual in New Zealand and |
| Accelerator has been available on the USmarket since | | | | Australia to positively impact theirown financial destiny |
| early 2005. | | | | in ways, which traditionally, many could not |
| How does it work? Homeowners deposit income and | | | | otherwiseachieve," says Bisquera. "It is now available |
| other assets into the newflexible mortgage account | | | | for the US, to achieve the same levelof financial |
| and since it allows access like a checking account, | | | | success and freedom, already experienced and |
| expensesare paid out from it by check or ATM card. | | | | proven in theseinternational markets. |