| Mortgage Acceleration is like winning the financial | | | | We all know it is extremely easy to pay off your |
| lottery. Here's why. Do you know you can cut at least | | | | mortgage faster if you have extra money each and |
| 100 monthly mortgage payments with one simple | | | | every single month. And we need to be consistent. |
| financial technique? And I am going to show you | | | | The biggest reason why you may not be doing this is |
| exactly how to do this, without spending more of your | | | | that you lack the consistency or system to make |
| money or changing your lifestyle. | | | | extra payments each month. |
| When I talk about the concept of mortgage | | | | Mortgage acceleration has stepped in to help us turn |
| acceleration what immediately comes to your mind? | | | | our finances around in this market. By now our home |
| Most of my clients tell me it is all about reducing the | | | | values have plunged and our retirement savings are |
| amount of mortgage payments paid to the bank. | | | | probably worth half its value compared to the previous |
| Let's assume you have a 30 year fixed rate | | | | year. |
| mortgage. You worked hard to get the deposit and | | | | And what better investment you can make that is risk |
| you are current with your monthly mortgage | | | | free than paying off your mortgage early. |
| payments. But the big challenge is that your paycheck | | | | And here is where it gets even better. |
| is going towards interest every month. | | | | You don't have to spend more or change your |
| And if we look at a 30 year mortgage almost 360 | | | | mortgage with the mortgage accelerator program. |
| payments goes towards paying off your mortgage, | | | | This system uses a Home Equity Line of Credit as a |
| assuming you don't refinance or spend more of your | | | | mortgage checking account and the results are like |
| money. | | | | winning the mortgage lottery. |
| Imagine that. Three decades of mortgage payments. | | | | You could slash 100 mortgage payments and cut |
| I don't know about you but it feels like i am working for | | | | years off your mortgage by following the mortgage |
| the banks to pay off mortgage interest. | | | | accelerator technique. |
| So if you have a $20,000 mortgage, it is not | | | | It is not uncommon to cut two and a half years off |
| uncommon that you can end up spending over | | | | your first mortgage by completing one simple step and |
| $450,000 over the life of the mortgage itself. | | | | without paying more. |
| And when you move or refinance, add another 10 | | | | If you want to live debt free and restore the equity in |
| years to that. You could end up have 480 monthly | | | | your home then mortgage acceleration maybe the |
| mortgage payments. | | | | right approach for you. |
| But that is where mortgage acceleration steps in. | | | | But just don't take my word for it. |