Early Mortgage Payoff

Who Else Wants To Eliminate Their Mortgage Quickly?

 

How To Enjoy An Early Mortgage Payoff

 

If you really want to pay off your mortgage early (within 5 to 7 years…10 tops), then you owe it to yourself and your family to read this entire page.  

You see, I’m not just going to tell you how to pay off your mortgage early…at least not yet.

First, I want you to understand the nature of the problem, the reason why it takes so long to pay off your mortgage.  By understanding the fundamental root of the problem, you’ll be able to see your situation clearly, and you’ll be better able to understand exactly how you can shave years off of your mortgage.

A Word About Banks

By the end of this short report, you’ll have discovered that your bank (if you’re in America), didn’t do you a favor by loaning you a mortgage. If you keep in touch with us, we’ll show you how to really get ahead fast (and by fast, I mean paying off the entire thing in an average of 8.5 years). This leads to…

What Most People Don’t Know About Their Mortgage

Just by knowing what I’m about to reveal to you, you’ll be ahead of most other home owners (or, should I say, mortgagors) in America. Okay, before I ask you to consider your mortgage, I just want to say that even though I don’t know your exact situation, what I’m telling you here is true with most home loans, especially if you’re in America.

Shocker #1: Most likely, the monthly interest you pay every month is calculated daily.

“No, it’s calculated monthly. That’s why they call it monthly interest.”

Ah…that’s what the banks want you to believe. Monthly interest is the amount of interest you have to pay monthly. Nowhere did the banks say that it was calculated monthly. That’s what they implied, but that’s not what they say in writing.

It’s one of the many dirty tricks they play on us.

You’ll understand this better when you discover that…

Shocker #2: Most of the monthly payments you make for the first 15 years doesn’t go toward the principal. Nope. Instead, they mostly go to pay your monthly interest, which is calculated daily.

This is a key idea.The overwhelming majority of each monthly payment you make goes toward your accumulated daily interest for that month, not your principal.

This key shocker is meaningful in 2 ways:

#1 It in the banks’ interest to calculate your interest daily. Calculating it daily, and putting your payments primarily toward the interest, is how the banks keep you paying for years…maximizing their profits.

#2 Knowing that most of your monthly payments goes toward your daily-calculated interest begs a question…

…a peculiar, “what if” question…

But before I get to it, I really want you to picture yourself: Here you are, with a mortgage you want to accelerate, and you’ve discovered how the banks really work against us. The “what if” question is: “What if the monthly payments I make could somehow go toward my principal?”

Here’s what would happen:you’d reduce your principal to a greater degree every month, while your “monthly” interest (based on the remaining principal) would decrease rapidly!

(Note: Because you’d be paying off the principal, the amount of interest you pay would also decrease, even if the percentage stayed the same.)

Old News Most American Mortgagors

Have Never Heard Before

Since you’re reading this report, I’m assuming that you’ve at least heard the term mortgage acceleration. I commend you for that, because you’re in the right place for us to lead you toward paying off your mortgage…in a fraction of the time!

But let’s not get ahead of ourselves. I still have to show you how it’s possible that a mortgage can be paid off in 7 to 9 years.

Due to the consumer un-friendliness of the banking and lending institutions in America, mortgage acceleration programs aren’t popular here. Heck, most people here haven’t even heard such a term.

But the concept of mortgage acceleration isn’t new. It’s actually very popular in Australia and parts of Europe. In fact, the lending institutions there freely offer such programs.

So, what’s a mortgage acceleration program? Let me define one for you by giving you a shining example, which thousands of lucky Americans are doing…

How To Eliminate The Last 20 Years of A 30-Year Mortgage

To avoid overwhelming you with detail, we can show you the mathematical details of this concept in the updates we’ll be sending you. For now, I just want to briefly describe this to you.

The reason why most mortgages drag on for up to 30 years (sometimes even longer) is because most of your interest, which is calculated daily, is paid off before the principal. The interest is front-loaded to benefit the banks! I guess they figure you won’t keep the mortgage too long before they persuade you to re-finance, so they better get what they can early!

In fact, in a 30-year mortgage, only about half the principal is paid after 22 years. On the other hand, with our method, your loan will have been paid off a decade before the 22 years…leaving you almost a couple of additional decades to save for retirement!

In fact, in a 30-year mortgage, it’s only in the last 7 or 8 years that the remaining 50% of the principal is paid off.

Let that sink in…ubrella drinks on the beach…or mortgage payments?

With mortgage acceleration, we reverse that trend…without increasing your monthly payments.

That is, instead of using your current monthly payments to pay off your interest (which is what the banks want you to do), we show you how to start chopping away at the real problem first: the principal.

By reducing the principal, the amount of interest is also decreased, even if the interest rate stays the same.

That’s it, really. It’s quite simple. The only thing difficult about it is understanding how you can make your home loan work for you, instead of for your bank. And quite frankly, if you understand what I told you in this report, then you’re well on your way. There’s still stuff to learn, but this is a great starting point.

As long as we focus on the real problem (which you now know is the principal), instead of the band-aid solution (the interest that the banks divert most of your payments to), the problem will literally disappear.

 

 

We’ve just scratched the surface in this report. For more information, I urge you to take a look at Norm Bour’s Mortgage Accelerator Plus acceleration program.  For a deep discount, tell him DK sent you.

 

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