Mortgage Acceleration Mistakes!

Mortgage Pay Off Accelerator Strategies You Can Use Now:

Can you remember when you moved into your first home? How did that feel?
A home is the best gift and investment any family can have.

The only challenge with owning a home is the huge monthly mortgage bill. On average we spend 35% to 40 % of our paycheck towards the monthly mortgage bill.

That’s perfectly acceptable but…

… A big chunk of your payments goes towards paying off interest rather than your mortgage principal, especially in the early years of your mortgage.
If you decide to refinance or move to another home your 30 year mortgage automatically now becomes a 40 year mortgage. For most of us it could take up to four decades to pay off the mortgage.

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And what happens when you are closing on towards those retirement years?

Just imagine your mortgage outlasting you in retirement. When you pass on the home on to your kids they think they have a home but may be saddled with mortgage debt as well.

Their much anticipated inheritance could well turn out to be debt.

So what if you have worked hard, saved and been extremely responsible with your finances?

Living debt free is the ultimate retirement dream. Is there a way to do this without changing your lifestyle or spending more of your cash?

Well I am excited to show you a new approach to this below.

We will make an assumption that your largest monthly bill is…

Monthly repayments to your mortgage.

You now can eliminate the significant amount of the interest payable on the mortgage debt.

The mortgage pay off accelerator system will help you save thousands and get rid of your mortgage debt at least 13 years faster, even if you chose not to change your lifestyle or spend more.

Free Mortgage Acceleration Payoff Calculator -within 3.5 seconds it will reveal your savings for your specific situation

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A leading financial magazine has conducted a survey on debt. It shows that almost 83% of American homeowners are in debt with the mortgage their biggest debt.

And now most retirees have to postpone their impending retirement or take on a part time job in retirement and you know why? They have to pay for the mortgage bill each month which is competing with the medical and other retirement costs.

To retire without the burden of debt the easiest step is to pay off your mortgage first.Mortgage Acceleration is the quickest way to eliminate mortgage debt without you changing your lifestyle.

By definition, mortgage acceleration is the practice off accelerating the pay down of your mortgage in record time and changing the time it takes to pay off your mortgage principal.

The fastest way to pay off your mortgage early and reverse the payment of interest is to apply extra payments each month to your mortgage.

You may not have extra payments each month as you may want to invest this or use this for personal spending. By applying the mortgage acceleration system it is a smart way of making more of your payments to principal and ends up paying your mortgage faster, all without paying more.

It reverses your monthly payment to your mortgage. Instead of your money being applied to interest, the banks automatically apply more towards your principal whilst keeping the payment the same.

Your mortgage could be halved and you could end up with thousands of your own money back in your own hands.

This is how mortgage acceleration can be applied to your situation and change your financial life.

By living debt free in retirement you have the option to travel and set the way for your kids to follow your good financial habits. They never have to work just to pay off debt.

Here is a question I would consider when starting off:

Have you asked your broker or banker how much you are scheduled to repay on your mortgage over the entire 30 year term?

Below, you will understand why you need to ask yourself this important question.

As soon as you have done the calculation you will find that your mortgage amortization schedule works against you. It is set up in favor of the banks, where they end up collecting interest upfront. This is considered acceptable lending practice by your mortgage company and once you see this, you will soon find out why you end up working for the bank your entire life.

The following examples will give you more insight to how you can use the mortgage acceleration system for your situation.

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You’re in Your Late 20’s and Just Bought Your First Home:

You bought your first home for $300,000. Based on your credit and earnings, you qualified for a 6% interest rate for your first home. Your total repayments over a 30 year period, for interest only, will be approximately $347,514.

Isn’t it interesting you have to pay back more than you initially qualified for on your mortgage.

Using the techniques of the mortgage pay off accelerator, you could end up rapidly paying down your mortgage, slashing 13 years off your mortgage without changing your lifestyle or spending more.

Say goodbye to your mortgage payment, and have a home that has no debt by the time you hit 40.

You can now apply for a second mortgage, and buy a home which you can rent out and earn a steady stream of income each month.

Once your mortgage is paid off, that could represent financial independence and could be the starting point for an early retirement.

Think about the quality of life by being debt free.

Remember we do this without changing our current lifestyle or having to make any sacrifices in the way we live.

Free Mortgage Acceleration Payoff Calculator -within 3.5 seconds it will reveal your savings for your specific situation

Assume You Have a Family and You Are Currently in Your Early 40’s

Let’s assume you want your kids to have a debt free college experience and you planned on paying for your kids’ college fees.

You know how hard and long it takes to pay off any college debt. Instead of your kids working to enjoy life and live debt free, they may have to face the prospect of working for a very long time to get rid of debt.

Using the debt payoff accelerator system, you can build equity in your home and use this equity to pay for college fees. You don’t have to worry whether they may qualify for loans or your investments will be enough to cover the student tuition.

Think about how your kids will thank you for this when they receive their first paycheck and get to keep the money for themselves rather than pay off their college debt.

Since you used the equity to pay for your kids college education you now have to pay this back before retirement. Wait, you can still use the mortgage acceleration system to fully pay off these college costs before retirement. And yes, you can still do that without changing your lifestyle.

You never know when an unexpected medical emergency may arise. With the additional equity in your home you could use as an alternative means of paying for those unforeseen challenges.

Free Mortgage Acceleration Payoff Calculator -within 3.5 seconds it will reveal your savings for your specific situation

Let’s Assume That Retirement Is Rapidly Closing In

The number one reason why we are postponing retirement is not that we don’t have enough savings, but the retirement dollars are used to pay for debt. As a result we have to work longer.

If you had all your funds invested in the stock market last year, you would see that your retirement nest egg slashed by almost half.

If you nest egg has dropped significantly and you have outstanding debt, then it is going to be a real challenge to retire on time as your retirement savings will now only be enough to service debt and you may have to delay your retirement.

And you can not completely rely on social security. You may need to cut back spending time with the family and figure out ways to supplement your retirement income.

And though you may have your finances in order and have enough saved away, still eliminating mortgage debt is one of the smartest moves you can make. And remember you can do this without changing your lifestyle.

Evaluating your options to see how the mortgage pay off accelerator works for your situation is the best way to determine how this can help you accomplish your individual dreams. Depending on your lifestyle or individual goals you can use the mortgage pay off accelerator to accelerate the payoff of your mortgage to fit your specific timeframe.

What is Required For The mortgage pay off accelerator Program In Order To Get Started?

Your home must be in your name and you are the owner

Ability to qualify for a Home Equity Line with ease or have an existing line in place which you can use to transfer your paycheck and make payments

Your total expenses for the months is less than or not more than your monthly income

The key behind the mortgage pay off accelerator is the HELOC. The HELOC is used as a means to do your monthly banking. Your income is transferred to the HELOC and all your bill payments are made directly from the HELOC. This is one way your mortgage payoff is accelerated.

The Home Equity Line of Credit is the driving force behind the rapid pay down of the mortgage. The HELOC is a means of helping you save mortgage interest and in turn use this mortgage interest saving to rapidly pay down mortgage principal, all with you changing your spending habits and the need to refinance.

Free Mortgage Acceleration Payoff Calculator -within 3.5 seconds it will reveal your savings for your specific situation

Would I Only Be Able To Accelerate My Fixed Rate Mortgage?

A mortgage pay off accelerator method can be applied to an interest only mortgage, an adjustable rate mortgage, and a biweekly mortgage payment as well.

And if you have an adjustable rate mortgage (ARM) the benefits are amazing. What you don’t realize when you take out an ARM is that you mortgage term is longer than 30 years. So a 5 year ARM will take you 35 years to pay off. Why? Because once the adjustment period expires, the mortgage resets and you begin with a whole new 30 year mortgage all over again. And with a mortgage pay off accelerator you could end up paying off your mortgage in 20 years or less rather than the 35 years you are scheduled to pay off your mortgage.

Assume you have an interest only mortgage and scheduled to make minimum payments. Do you know that an interest only mortgage takes 40 years before it is fully paid off? Here’s why. The first 10 years are interest payments only. Once your interest only mortgage resets then you may take out a 30 year mortgage. It takes 40 years to pay it off. A mortgage pay off accelerator can help you slash off this interest only mortgage by 20 years without changing your lifestyle.

When you pay down the mortgage before retirement your home becomes an emergency fund. You could end up taking out a reverse mortgage in the event you need to supplement your retirement income. And the only way to do this is to make sure you have enough equity in your home.

Once you fully understand the benefits of the mortgage acceleration program, one suggestion is to get started immediately. Interest accumulates over time and the faster you are able to accelerate the pay down of the mortgage, the earlier your mortgage could be paid off.

What is The Fastest Way To Get Started With The Least Risk


STEP 1: Starting Point

A personal plan is always the starting point for the mortgage acceleration system. You can figure out how to slash you mortgage debt and what it would take for you to accomplish this goal. You can create one yourself or you can seek some guidance. Any acceleration plan should take into account your income, bills and mortgage information.

A mortgage pay off accelerator plan is a great tool to make sure that you never fail to eliminate your mortgage no matter the situation. If life happens and you get off target a good mortgage acceleration plan can automatically help you get on track again.

STEP 2: Set An End Date You Want Your Mortgage To Be Eliminated

The date is the starting point behind how fast you want to pay off your mortgage. You could then readjust the plan based on whether you have extra cash available at the end of each month or that you are comfortable with the mortgage acceleration plan without you spending more money.

One way to accelerate the pay off of your mortgage is to use the mortgage acceleration system. Other methods are also available but require you to pay extra towards your mortgage to have this fully paid off.

Ways To Eliminate Your Mortgage Early

Free Mortgage Acceleration Payoff Calculator -within 3.5 seconds it will reveal your savings for your specific situation

Different mortgage pay off accelerator Systems

The choices of mortgage pay off accelerator programs can sometimes be very confusing. The may be described in various names such as accelerator, acceleration, equity, equity genie, mma, and other similar names.

When evaluating the various choices of mortgage acceleration programs for your situation, you will come across various pieces of technology to help you with the mortgage acceleration system. I would caution you at this point to consider any mortgage acceleration program based purely on the software to help you pay off your mortgage early. Software is a critical component, but if your HELOC is not set up correctly and you chose the wrong HELOC account balance for your situation, then you may have a challenging time paying off your mortgage on time. The set-up is more critical than the software itself.

Free Mortgage Acceleration Payoff Calculator -within 3.5 seconds it will reveal your savings for your specific situation

The software choices are quite different for mortgage acceleration based from excel spreadsheet to sophisticated tracking and analysis. When choosing software, the ones that have the least or almost no data entry will be the most effective type for your situation in the long run. The less data you have to capture on the software and the less work the more chances you have to take action and succeed.

Have You Ever Wondered Whether This Sounds Too Good To Be True

If you ever had that though then that is a valid concern. You see this method has been used extensively in Australia and New Zealand. Since it is now in the U.S most banks have been reluctant to show this method to their clients with good reason. They are bound to make less money if you pay off your mortgage early.

To eliminate any hesitation you may have, the best method is to enter your numbers into a mortgage pay off accelerator calculator. Once you enter your numbers you can see the math at work first hand for your situation.

Let’s assume you entered your information in a mortgage calculator. With a $200,000 mortgage at 6% interest rate, you would end up saving over $46,000 in interest savings. Now imagine spending $397 to set up this program. That would be at least a 460% return on your investment. Very few investments will give you anything close to this type of return on your investment.

Let’s Find Out How The Mortgage Acceleration System Can Benefit Us By Taking A Closer Look At The Following Example

Free Mortgage Acceleration Payoff Calculator -within 3.5 seconds it will reveal your savings for your specific situation

If you decide to move or refinance in the first five years of your mortgage, this may work against you in the long run. The banks amortization schedule is set so that you end up spending more on interest than mortgage principal in the early years. So if you plan to move most of your money is spent on mortgage interest and the entire cycle starts again.

Let’s take a specific example to explain the situation above. Do you know if you have a $200,000 mortgage at 6% interest rate, you would end up spending almost 5 times more on interest than principal in the first 5 years? In this case you would spend $58,054 in mortgage interest and $13,892 in mortgage principal.

If you refinance, the cycle starts all over again. So in 10 years you can expect to pay $116,000 in interest and $28,000 in principal. And while this may seem just like a normal mortgage payment you could spend close to 4 decades before your mortgage if fully repaid. Imagine spending all that time and money on mortgage repayments.

You don’t have to let the banks take advantage of your situation and you can stop this vicious cycle

Banks have created the mortgage amortization schedule to work in their favor. They front end load interest payments that gives them the highest return on their investment. Using a mortgage pay off accelerator calculator you can input your numbers and see first-hand how to plan to take back control.

The Home Equity Line of Credit (HELOC) is the Key Step To Mortgage Acceleration

The HELOC is the most powerful financial tool for a homeowner. It functions as a checking account and enables you to pay off your mortgage faster without changing your lifestyle.

Let’s examine some of the advantages of using a HELOC

You can set the limit on your HELOC. Usually only a small balance is required for mortgage acceleration and interest is calculated on a daily balance

Unlike a line of credit a HELOC can be available for 10-15 years and easily converted into a new HELOC account

Certain HELOC have no closing costs and transaction fees associated with using these accounts

You can avoid the payment of HELOC interest where your salary deposited into the HELOC is more than your bill payments

HELOC’s generally allow you to have a larger borrowing limits and lower cost of interest

Interest paid on your HELOC is tax deductible

A HELOC can be set up as an emergency fund. And the best part is you pay no interest on this except when you draw on the funds in an emergency

Free Mortgage Acceleration Payoff Calculator -within 3.5 seconds it will reveal your savings for your specific situation

What You Must Know About The mortgage pay off accelerator Program

1.Your Heloc May Be Frozen

Due to the credit problem in the market banks may automatically value your home and freeze your HELOC limit. This is automatically done by the banks computer system. If your HELOC is automatically frozen you get an appraiser to revalue your home and ask for a second valuation. In this way you can get your HELOC unfrozen. As an alternative you could use a credit card to pay off your mortgage faster.

2.Your loan office may inform you, that you need to change your home loan

Your bank my encourage you to borrow more on your line of credit in order to get a lower rate. You generally don’t need to borrow more money. Only use exactly what’s required by your plan. In his way you are sure to pay off your mortgage early.

Other Ways You Can Use Mortgage Acceleration To Pay off Debt other than Your Mortgage

Here are some ways you can use the mortgage acceleration program in addition to slashing your mortgage earlier

1. Pay off Car Loans
A car payment can be easily eliminated with a mortgage pay off accelerator. You can use the method of the HELOC to rapidly payoff your car payments without spending more or changing your payments. In this way your car can be paid off early and imagine having the ability to have the extra cash flow which you could now use to accelerate the pay down of your home.

Credit Cards

Your credit card is generally at a higher rate than your Home Equity Line of Credit. By paying off your credit card from your HELOC, you can pay off your credit card faster and completely eliminate the high interest rate. Using the mortgage acceleration system you can then accelerate the payoff of the HELOC balance without spending more.

There are numerous ways in which the mortgage pay off accelerator can work for you. We have just listed a few ideas above and once you begin to apply the mortgage acceleration program you will begin to see how this system can be applied to other areas of debt management. Not only will it eliminate debt but save you thousands.

Imagine for a moment living free and clear from having a mortgage payment and retiring on your terms no matter your age. And the best part is that all your retirement funds are used to live your life to the fullest and not used to pay for debt. For me, this is my retirement dream. What is yours?

Free Mortgage Acceleration Payoff Calculator -within 3.5 seconds it will reveal your savings for your specific situation