Mortgage Reduction Strategies can allow you to:

- Quickly and Legally Build At Least $40,000 or more Worth Of Equity in 3 years.

- Pay Off Your Mortgage In Half the Time or Less (often about 10 years).

- Save you Tens of Thousands or even Hundreds of Thousands of Dollars
in interest payments to the bank.

- Allow you to save up to a Million Dollars or more over the lifespan of a
conventional mortgage when you optimize the strategies using leverage.

Keep an open mind until you’ve finished reading this entire page…
and… your financial reward will be humongous.

So, How do we pay off our mortgage in ½ the time and build equity?

Conventional banking has taught us that we need to:

- Refinance to a lower rate (which cost us money)
- Apply additional money to each payment (which cost us money)
- Convert to a Bi-weekly payment (which cost us a little money).

All of these methods work somewhat, but they simply are not
aggressive enough to accomplish the goal of paying off your mortgage
in ½ the time or less.

Let’s start with the basic understanding of
how a conventional mortgage works.

ALL mortgages are based on a 30 year amortization schedule
(with the exception of 15 year mortgages).

You may have a 3/1 Adjustable-Rate, 5/1 Adjustable-Rate,
7/1 Adjustable-Rate Mortgage, Interest Only Mortgage,
Negative Amortization Mortgage or any other variation.

They are ALL based on a 30 year amortization schedule.

On a $200,000 loan at 6.00% interest, you will now have the
privilege of paying $1,199 once a month to the bank
for the next 30 years - for a total of $431,677.

Out of that $431,677 in total payments, $231,677 is interest payments.

$231,677 INTEREST on a $200,000 loan.

Your interest payments are more than what you borrowed.
That’s no secret, we all know that.

Let me let you in on a little secret the banks don’t tell you…

By using a well structured mortgage reduction strategy,
You DON’T pay that much interest back to the banks.
And you can use the bank’s own money to do it!

There is software that is available today, that will tell you
(based on your current lifestyle) when to borrow money
from your home equity line of credit (HELOC), to pay down
your mortgage principal, how much to money to borrow,
when and how to pay it back.

You can reduce your principal at a ,much accelerated rate,
and knock as much as 20 years off of a 30 year mortgage.

When repaying a mortgage, it’s not the rate you pay
that’s most important. What matters is the total amount of interest
you pay over the term of your loan.

With the special software, you use your income and savings
to reduce your loan balance and minimize your interest payments.

This means more of your money each month goes towards
your principal balance, helping you repay your mortgage years
earlier and save thousands of dollars in interest costs.

An excellent eBook is available that discusses one of the many
ways to reduce your mortgage at:

www.MortgageReductionEbook.com

TAGS: adjustable rate, amortization schedule, bi weekly, conventional mortgage, equity, Interest Only, Mortgage Reduction, negative amortizationHELOC, refinance

This entry was posted on Friday, November 2nd, 2007 at 8:32 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.