When you bought that first home it felt as if was a dream come true.
But as time goes on, we quickly realize on average, at least 35% of our monthly salary, and in some cases more goes towards paying your mortgage bill each month.
This seems acceptable however
Do you realize that your hard earned paycheck is applied towards mortgage interest making the bank rich?
And before you even realize it you are set up to pay for your mortgage for a lifetime. It could take anywhere from 30 to 40 years to repay the mortgage debt.
And what happens when you are closing on towards those retirement years?
Your mortgage could outlast your retirement years and then your kids are left with the financial burden of paying off your home.
Their much anticipated inheritance could well turn out to be debt.
You have worked hard your entire life and been conservative and responsible with your money.
And now the question is could you pay off your mortgage before you retire so that you get to spend time with the family and enjoying retirement rather than using your retirement savings to pay off mortgage debt?
Well I am excited to show you a new approach to this below.
We will make an assumption that your largest monthly bill is
Your mortgage.
You now can eliminate the significant amount of the interest payable on the mortgage debt.
The mortgage 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.
Government Statistics (by mortgage insider) show that over 80% of Americans live in debt.
Less than 5% of Americans are able to actually retire financially independent.
And the best way to become financially bullet-proof is to retire without any debt.
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.
But most homeowners dont have extra money to pay towards their mortgage in the earlier years. So by using the mortgage accelerator it automatically allocates extra principal to your mortgage without you even realizing this.
It allocates your monthly repayment more towards principal and less towards interest costs.
By using the mortgage accelerator, a typical mortgage can be paid off at least 13 years sooner, thus saving the homeowner tens of thousands of dollars and not having to change their way of life.
This is the most important benefit of the mortgage accelerator.
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.
Lets Assume You Are In Your 20s and Have 30 Years To Retirement:
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.
More than what you have borrowed on the mortgage.
Using the techniques of the mortgage accelerator, you could end up rapidly paying down your mortgage, slashing 13 years off your mortgage without changing your lifestyle or spending more.
Now, you can completely eliminate your mortgage before you reach 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.
Imagine how you life would change when you dont have any major financial burdens.
Heres the best part. You dont even have to change your existing standard of living at all.
What If You Are Already In Your 40s?
The biggest goal at this point would be to send your kids to college. Most of my clients dream of giving their kids a debt free college experience.
Assume if you kids financed their way through college by taking out loans. Imagine what their life would be like once they finished college.
Using the equity acceleration system you can finance their education using the equity in your home.
Imagine the gift of a debt free college experience at graduation.
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