Question:

In the previous 2 post you talked about mortgage reduction
and said that by using a bi-weekly program you could save
$84,000 on a $1,000 per month mortgage and $336,000
on a $4,000 per month mortgage.

Then you said that in Australia, they developed a program
that is even better than the bi-weekly and allows you to save
even more money. It sounds like a scam.

How does it work?

Answer:

It’s not magic, it’s not B.S. It’s not a scam.
It’s just math - plain and not-so simple.
A mathematical formulation shows you how to reduce
the amount of interest you pay to the bank by paying down
on the loan principle at an accelerated rate.

No more, no less.

Let me give you an analogy to illustrate this for you.
If you pay off the balance on your credit card in full at the
end of the month, how much interest are you going to pay?

Answer. Nothing, zip, nada. You pay NO interest.

You get to use the banks money for 30 days, for FREE.
You pay nothing for it.

You can use this same principle and apply it to your mortgage
by leveraging money from the bank to pay off your mortgage.
Don’t think it can’t be done. It happens everyday with your credit card.

By mortgage reduction or equity acceleration,
you can now take it to the next level where you pay very little
or no interest for using the bank’s money, like a credit card.

And do you know what the banks say about it? They say it’s OK.
They love it!

Listen, what’s the average number of years that someone either sells
or refinances their house? The average is 5 - 7 years.
The banks know that. It’s calculated into your mortgage payment.

Why do you think your mortgage is front-end loaded?

So that you pay your interest up front. The first 22 1/2 years of your
30 year mortgage is mostly paying off the INTEREST on your loan,
NOT the principle!
The bank gets their money and profit up front.

Question:

What if everyone went on a mortgage reduction/equity acceleration program.
Wouldn’t the banks go out of business?

Answer:

NO… Consider this scenario…
What if the average consumer gets on a mortgage reduction program
and it takes their payment schedule down from 28 years to 8.2 years.

First off, the bank knows the consumer was going to move or refi in 7 years.
So as far as the bank is concerned, they got their money for another 1.2 years.
The consumer was going to refi anyway.

Do you think these lending institutions want you to refinance? You bet they do.

Mortgage reduction is just a repositioning of money and using the tools
that are available. That’s all it is. Period. Nothing more, nothing less.
No magic, No fairy dust, No Scam. It’s just Math!

If you would like to learn
“How To Quickly Build At Least $40,000 Worth Of Home Equity
And Pay Your Mortgage Off In 10 Years Or Less”

then get the book…

“Mortgage Cycling Revealed”
You can get access to the information immediately by going to:

http://MortgageReductionInfo.com

OR

If you would like to have a mortgage reduction consultant call you
and discuss your mortgage situation with you over the phone,
with no pressure, no cost and nothing to buy, send an email to:

MoneyPlus2000@gmail.com

In the subject line put “Mortgage Reduction Information”
In the body put your:

First Name
Last name
Telephone number
Your city and state.

Get the information you need and save thousands of dollars
and years of tedious payments off your mortgage.

TAGS: bi weekly, credit card, equity acceleration, Mortgage Cycling, Mortgage Reduction, refi

This entry was posted on Monday, October 29th, 2007 at 5:03 pm and is filed under Mortgages. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.