Text Box: Types of Mortgage Accelerators  

 

 

Text Box: Endorsed by G. Edward Griffin!

Text Box:                            

Text Box:   Mortgage Accelerator Checking Accounts         Mortgage accelerator checking accounts use home equity borrowing and the borrower's paycheck to shorten the time until a mortgage is paid off, saving tens of thousands in interest expense. The savvy part, being able to earn the mortgage interest rate on idle cash instead of earning only the low rates paid on checking and savings accounts, attracts customers that take a big-picture view of their finances.  

Text Box:

 

 

Text Box: The Bottom Line on Mortgage Acceleration Products. Any legitimate mortgage acceleration product, when used properly, can assist the homeowner in paying down a mortgage faster. It is important for homeowners to chose the one that best meets their needs. Homeowners should consider questions like: "What is the reputation and record of the company offering the product?" "Do I need to refinance into a lender's mortgage acceleration product or is it better to keep my existing mortgage?" "If a new mortgage is required, what are the closing costs and interest rate?" "What are the costs associated with the products I want to consider?" "Are there set-up, monthly or annual fees for a mortgage acceleration loan?" "If  I decide on mortgage acceleration software, what is the final cost of the product?" "What are the features?" "How simple is it to learn and operate?" "Are there set-up, monthly, annual, upgrade or customer service fees?" "Is there easy access to customer support for my product and what types?" "If my plan is to sell the property in 3,5,10 years, how does that effect the product I choose?" "How will a mortgage acceleration product change my lifestyle?" Text Box: The common element for all mortgage acceleration products and programs is simply a way for a homeowner (or investor) to pay a mortgage off or down earlier than the original term of the Note. Beyond that common element, there are several ways to accomplish this goal, and all mortgage acceleration programs will work to varying degrees. BUT REMEMBER! The bottom line on EVERY mortgage acceleration product or program out there is; no matter what they claim, that the homeowner is the only one paying off the PRINCIPAL on their loan. What mortgage acceleration programs all do, if used correctly, is save the homeowner some of the INTEREST they are scheduled to pay on their loan. This is the goal of all mortgage acceleration programs, and they can all be successful to varying degrees. Pay More to Principal. Homeowners that simply send more money to the lender to be applied toward reducing the principal amount due are in fact accelerating the payoff of their mortgage. This is the simplest way to pay off the mortgage early, and will work. Since mortgages are front-end loaded with interest, the sooner a homeowner applies more money to pay down the principal, the more interest the homeowner will save in the long run. Unfortunately, homeowners with new mortgages are rarely in the position to have extra money. If they had extra money, it most likely went as a down payment on the home, right?  Bi-weekly Payments. These were developed in the 1970's. The most rudimentary mortgage acceleration program is the bi-weekly mortgage payment program, and the program most Americans are familiar with already. This is not a bad way to pay your mortgage, and it will work. With a bi-weekly, instead of making a mortgage payment ONCE a month, 1/2 the payment is made every two weeks. The strategy is that over a 12 month period, two additional 1/2 payments are made because you make the payment 26 times during the year. This equals the equivalent of 13 monthly payments which generally reduce a 30 year loan to 24.5 years. This works only for FULLY AMORTIZED mortgages. Making the additional month payment each year on interest only or negative amortized loans will not reduce the mortgage term at all. Mortgage Checking Accounts. Two types were developed in the late 1990's and 2000's. These more sophisticated mortgage accelerator programs use a "mortgage checking account" into which you deposit your entire paycheck with the lender and then write checks for your living expenses. You still have access to your money but your entire paycheck is applied against your mortgage balance when your pay is deposited. This means that instead of just the regular monthly payment, your entire pay goes towards lowering the principal balance due during most of the month, lessening the mortgage interest you would have paid. As you write checks throughout the month, your principal mortgage balance goes back up and more daily interest is charged. But overall, you used your paycheck to cancel out interest. Through these types of mortgage acceleration programs, homeowners generally pay off their mortgages faster than a bi-weekly program with little to no change to their household budget. There are two distinct types of "mortgage checking accounts" which some financial advisors fail to fully understand, and thus lump them together when evaluating them. A 1st HELOC (Home Equity Line of Credit) can be used as a "mortgage checking account," into which the homeowner deposits paychecks and pays household bills as outlined above. This HELOC replaces the homeowners traditional 1st mortgage, requiring a refinance into a variable rate 1st mortgage. These first generation mortgage checking accounts were developed in the late 1990's. They work well when used as intended, and are available through several reputable national lenders today. But other types of lines of credit can just as easily be used as "mortgage checking accounts" and with great success. Consequently, no refinancing of the homeowners existing 1st mortgage is required. These next generation mortgage checking accounts were developed in the 2000's. Unlike the bi-weekly payment programs and the 1st HELOC mortgage checking accounts developed in the 1990's, the next generation mortgage checking accounts work on all types of loans. Regular Home Equity Lines of Credit (HELOC's), personal lines of credit (unsecured), and even business lines of credit can now be used as mortgage checking accounts. Homeowners designate one of these lines of credit as their mortgage checking account, and they still deposit their income into it and pay their bills, including their existing 1st mortgage, out of it. Their entire paycheck is still used to cancel out interest, but this time the immediate interest cancelled from the paycheck is on the line of credit. Then, at certain calculated intervals, the homeowner transfers funds from their line of credit almost interest free to make additional principal payment on their existing 1st mortgage, thus cancelling interest on their 1st primary mortgage. Because these periodic transfers from the line of credit are sooner and larger than the homeowner could do with only their own money, more interest is cancelled on the primary mortgage sooner, more than offsetting any interest charged on the homeowners line of credit. The math behind the "interest free" is what confused many homeowners about this type of advanced mortgage checking account. But once the banking principles are understood, using a separate line of credit as a mortgage checking account works to the advantage of the homeowner.   The timing of the transfer of additional payments by the homeowner from their mortgage checking account to their 1st existing mortgage is also important. As long as the homeowner has the ability to determine the best times to make additional principal payments to their existing 1st mortgage, this next generation of mortgage checking accounts generally outperforms the mortgage acceleration features of the 1st HELOC mortgage checking accounts developed in the 1990's. Consequently, the homeowner must use computer software designed for this next generation of mortgage acceleration to be more successful. How fast all of these mortgage checking accounts help homeowners pay down mortgages is entirely dependent on how much discretionary money is available to pay down principal, and how long the rest of money remains in their mortgage checking account before being spent on bills. The newer, next generation mortgage checking accounts take further advantage of using the homeowners line of credit money faster to drive down the 1st primary mortgage. ALL these factors are key to the rapid success of this type of mortgage acceleration over others. Mortgage checking accounts of both types are common in Australia, New Zealand, the United Kingdom, and Canada. As more Americans become aware of and ask for mortgage acceleration programs, US banks will offer more of these 1st HELOC loans and lines of credit to be used as "mortgage checking accounts."   Mortgage Acceleration Software. A handful of companies offer mortgage acceleration software to be used with a mortgage checking account (described above) line of credit. These vary in sophistication, and assist or advise the  homeowner to strategically and incrementally position their money where it provides much more financial benefit than "sitting stagnant" in a standard checking or savings account, until it is otherwise needed. Mortgage acceleration software works to manage the homeowners mortgage checking account to provide the homeowner with the best way to leverage their funds. Mortgage acceleration software sophistication and support in the forms of education, customer service, ease of use, features, upgrades, etc. are all important factors that assist homeowners in developing and executing a plan that will provide for the greatest mortgage interest saving possible. Simply put, Mortgage Acceleration Software will save any homeowner more mortgage interest and time than trying to apply the same mathematical payment principles on their own.

 

 

 

 

 

 

 

 

Text Box: Utilizing Existing Banking Tools to Pay Off Your Mortgage in a Fraction of the Time You will be using small advances from a special home equity line of credit (HELOC) or a personal line of credit to drive down the principle owed on your 1st mortgage, while at the same time using the income from your paychecks - that would just sit in your traditional checking account - to drive down both the balance and interest due on your line of credit! You will use the line of credit account to pay your bills - just like a traditional checking account with little to no change in your lifestyle! It sounds crazy, but with the Money Merge Account software guiding you, the program really works!


 

Text Box:  Farewell My Mortgage and its agents are Independent Agents of United First Financial TM, Agent #834177.  Learn more!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Text Box:                          

 

 

 

Text Box: Pay Off Your Mortgage    in a Fraction of the Time WE ARE NOT talking about refinancing your mortgage, debt consolidation, bi-weekly mortgage payments, or simply making additional monthly payments on your mortgage from your income and squeezing all the fun out of your lifestyle. WE ARE talking about re-educating you on how to use small advances from a special home equity line of credit (HELOC) or a personal line of credit to drive down your mortgage balance. We may even get you back some fun!  Our incredible Money Merge AccountTM software program will show you how without increasing your monthly mortgage payment, without increasing your current monthly expenses, and without refinancing your existing mortgage. The concept is a proven method of paying off mortgages and other debts early and building Financial Security and Financial Freedom for our clients – YOU! It sounds crazy, but with the Money Merge Account software guiding you, the program really works!

 

 

 

 

Text Box: Why Chose a Mortgage Accelerator at All?

 

 

 

 

 

Text Box: For most Americans, owning a home is the biggest investment and expense they will ever have. Homeowners (and investors) will pay more in total interest for a mortgage than for any other item they own. Any product or strategy that can help reduce the cost of the biggest investment they will ever make should be seriously looked into by every homeowner and investor.

 

 

 

 

 

 

 

Text Box: Are we the cheapest mortgage accelerator program out their?  

Text Box: Why Chose our Product? Text Box: Quite simply, the MONEY MERGE ACCOUNTTM PROGRAM is the best product and value on the market. You cannot gain more interest savings nor take more time off your mortgage with any other product using the same mortgage and discretionary income information. You can determine how every new major purchase will effect your interest  savings and time remaining on your mortgage BEFORE you make it. We do not control your money in any way or require you bank with us. We do not make you refinance your mortgage with us or with anyone else. We do not make you take out a HELOC or line of credit with us. We are not a bank. We do not ask you for any confidential or account information. We don’t need it.  We do not charge you monthly, annual or additional fees, or try to sell you “add on" services. You can transfer us to a new property. We provide free customer training and support in the U.S. We are the leader in the U.S. for mortgage acceleration software, and growing! YOU WILL SAVE THE INTEREST WE STATE IN OUR ANALYSIS AS LONG AS YOU FOLLOW THE SOFTWARE PROMPTS.  

 

 

Text Box:

Text Box: Yes, we think we are; and no, absolutely not.   The average client will save tens to hundreds of thousands of dollars in mortgage interest by using this program! That means that in as little as 3 to 5 months they will have saved more in interest than the cost of the program. All cost is relative. The $3,500 cost of our program can be rolled into your line of credit, just as you may have rolled in the closing costs on other mortgages. In other words, the bank is lending you the money to purchase a program that will then save you large sums of money in the form of interest savings. This method of payment results in no change to your current lifestyle. People are saving tens of thousands to hundreds of thousands of dollars by utilizing the Money Merge Account Program. Even if they save only $35,000, that is a 1,000 PERCENT return on your initial investment in the form of interest savings. Imagine that! Please check out programs and articles about mortgage accelerators. When you compare ours, you will know we are the best option. Our customer satisfaction is nearly 100%, and our cancellation rate is almost zero! ALL existing clients that have been on the Money Merge Account Program for more than one year are 18% or more ahead of their original Analysis. Get with a friendly Agent and get one now! Customers using our mortgage accelerator program are truly amazed at their own results.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Text Box: RETURN TO TOP