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What is an amortization schedule?

What is an amortization schedule?

Why Are Mortgage Payments Mostly Interest?

Why Are Mortgage Payments Mostly Interest?

Can a Mortgage Accelerator Program Help You?

Can a Mortgage Accelerator Program Help You?

How Many Mortgage Accelerator Program Types Are There?

How Many Mortgage Accelerator Program Types Are There?

Do I Need to Refinance My Home?

Do I Need to Refinance My Home?

Why Didn't My Bank Tell Me About This?

Why Didn't My Bank Tell Me About This?

I don’t have a mortgage but I do have debt, will this program still work for me?

I don’t have a mortgage but I do have debt, will this program still work for me?

How Much Can I Potentially Save Off My Mortgage and Debt Interest?

How Much Can I Potentially Save Off My Mortgage and Debt Interest?

Does This Method Only Work in Canada?

Does This Method Only Work in Canada?

Should I Pay to Use a Software to Manage My Mortgage?

Should I Pay to Use a Software to Manage My Mortgage?

Did we forget a question?  Feel free to contact us

Did we forget a question?  Feel free to contact us

Q.  What is an amortization schedule?

Q.  What is an amortization schedule?

A.  An amortization schedule is nothing more than a financial road map showing you the interest and principal portion of each blended payment and the balance owing after each payment.

A.  An amortization schedule is nothing more than a financial road map showing you the interest and principal portion of each blended payment and the balance owing after each payment.

Q.  Why Are Mortgage Payments Mostly Interest?

Q.  Why Are Mortgage Payments Mostly Interest?

A.  The typical 21st-century mortgage is front-loaded: In the early years of the mortgage, most of the monthly payment goes to paying off interest, not principal. This concept began with building societies — organizations similar to a savings-and-loan — then spread into the commercial sector in the 1930s. It has advantages for home buyers, but critics of front-loading see it as a big win for banks, more so than for buyers.

A.  The typical 21st-century mortgage is front-loaded: In the early years of the mortgage, most of the monthly payment goes to paying off interest, not principal. This concept began with building societies — organizations similar to a savings-and-loan — then spread into the commercial sector in the 1930s. It has advantages for home buyers, but critics of front-loading see it as a big win for banks, more so than for buyers.

Q.  Can a Mortgage Accelerator Program Help You?

Q.  Can a Mortgage Accelerator Program Help You?

A.  Borrowers can pay off their mortgages in a shorter period of time than their mortgage originally planned for. This can save you tens of thousands of dollars on interest because total interest paid is directly tied to how it takes you to pay off the loan. This can be helpful if you want to get your mortgage out of the way to focus on other financial goals or if you simply want to save money in the long run.

A.  Borrowers can pay off their mortgages in a shorter period of time than their mortgage originally planned for. This can save you tens of thousands of dollars on interest because total interest paid is directly tied to how it takes you to pay off the loan. This can be helpful if you want to get your mortgage out of the way to focus on other financial goals or if you simply want to save money in the long run.

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Q.  How Many Mortgage Accelerator Program Types Are There?

Q.  How Many Mortgage Accelerator Program Types Are There?

A.  There are basically two types of mortgage acceleration plans. One simply accelerates your payments by switching your 12 yearly monthly payments for 26 bi-weekly payments (for half your regular monthly payment amount). This does pay off your mortgage faster (down to about 22 years from 30), but is essentially the same as writing an additional monthly check at the end of the year and can cut more into your monthly income. The other type, the type discussed in this article, involves moving around your expenses in a home equity line of credit (HELOC) and credit card so that you can use your existing income to pay down your loan principal.

A.  There are basically two types of mortgage acceleration plans. One simply accelerates your payments by switching your 12 yearly monthly payments for 26 bi-weekly payments (for half your regular monthly payment amount). This does pay off your mortgage faster (down to about 22 years from 30), but is essentially the same as writing an additional monthly check at the end of the year and can cut more into your monthly income. The other type, the type discussed in this article, involves moving around your expenses in a home equity line of credit (HELOC) and credit card so that you can use your existing income to pay down your loan principal.

Q.  Do I Need to Refinance My Home?

Q.  Do I Need to Refinance My Home?

A.  There is no requirement to refinance but sometime the program works better when all high interest debts are reduced.

A.  There is no requirement to refinance but sometime the program works better when all high interest debts are reduced.

Q.  Why Didn't My Bank Tell Me About This?

Q.  Why Didn't My Bank Tell Me About This?

A.  By using this method you literally save thousands of dollars that the bank will no longer be able to collect from you legally…do you think they want to much people knowing about this method?

A.  By using this method you literally save thousands of dollars that the bank will no longer be able to collect from you legally…do you think they want to much people knowing about this method?

Q.  I don’t have a mortgage but I do have debt, will this program still work for me?

Q.  I don’t have a mortgage but I do have debt, will this program still work for me?

A.  Don’t be confused this tool will allow you to actually create predictable wealth, by giving you a clear road map on how to make your money work best for you.  Most consumers have a mortgage and that is where most of the interest is paid in general, if you have a few credit cards this program will show you how to pay minimal interest.  Then if you need to save a down payment for a house this program will assist with that also, I like to look at this program as a lifestyle program as depending where you are and where you want to go changes on a regular basis, why not have a program that can be with you through your different life cycles.

A.  Don’t be confused this tool will allow you to actually create predictable wealth, by giving you a clear road map on how to make your money work best for you.  Most consumers have a mortgage and that is where most of the interest is paid in general, if you have a few credit cards this program will show you how to pay minimal interest.  Then if you need to save a down payment for a house this program will assist with that also, I like to look at this program as a lifestyle program as depending where you are and where you want to go changes on a regular basis, why not have a program that can be with you through your different life cycles.

Q.  How Much Can I Potentially Save Off My Mortgage and Debt Interest?

Q.  How Much Can I Potentially Save Off My Mortgage and Debt Interest?

A.  Each person is different some have no debt and a mortgage while others have a lot of debt and a mortgage, the uniqueness of this software is that it is custom to you and provides real time feedback to you current financial situation in our experience we have seen clients save as little as $20,000 up to $150,000 or more.  Why not get a free assessment to see how much you will save?

A.  Each person is different some have no debt and a mortgage while others have a lot of debt and a mortgage, the uniqueness of this software is that it is custom to you and provides real time feedback to you current financial situation in our experience we have seen clients save as little as $20,000 up to $150,000 or more.  Why not get a free assessment to see how much you will save?

Q.  Does This Method Only Work in Canada?

Q.  Does This Method Only Work in Canada?

A.  In actual fact this method started in Australia over 20 years ago and is slowly making its way across the globe so yes it works in any country that has a mortgage system based on the Front end loaded mortgages.

A.  In actual fact this method started in Australia over 20 years ago and is slowly making its way across the globe so yes it works in any country that has a mortgage system based on the Front end loaded mortgages.

Q.  Should I Pay to Use a Software to Manage My Mortgage?

Q.  Should I Pay to Use a Software to Manage My Mortgage?

A.  I saved the best question for last, on the internet there are two schools of thought the first one is why pay for a program I’ll just do it myself!  To some point we agree, in our experience we have found the following it is very difficult to accurately calculate all the mathematical algorisms needed to pull this off successfully.  The method itself takes a disciplined approach it gets even more advanced with manually tracking, checking to ensure you are on the right track.  By doing this you will be proned to a higher failure rate and truly it is not recommended.  Remember when we all use to read maps to get to our destination? You would need to map out your route in advance, create alternate routes in the event of construction, mark the page to make sure you don’t lose it, double check to make sure you have the most updated map.  It was a process that some found very stressful, not we have Navigation systems and our cells phones have Google maps built in which allow us to take up to date complicated information and present it to use in a simple step by step manner that is easy for us to understand and follow.  Navigation systems are not free and neither are cell phone but you pay for the peace of mind.  A home is said to be one of the most expensive consumer purchases available so why not leave all the complicated calculations to our software and enjoy the experience of pay off your debt and creating wealth the software cost is insignificant to the amount of interest you can save and wealth you can create by using it so it actually pays for itself.

A.  I saved the best question for last, on the internet there are two schools of thought the first one is why pay for a program I’ll just do it myself!  To some point we agree, in our experience we have found the following it is very difficult to accurately calculate all the mathematical algorisms needed to pull this off successfully.  The method itself takes a disciplined approach it gets even more advanced with manually tracking, checking to ensure you are on the right track.  By doing this you will be proned to a higher failure rate and truly it is not recommended.  Remember when we all use to read maps to get to our destination? You would need to map out your route in advance, create alternate routes in the event of construction, mark the page to make sure you don’t lose it, double check to make sure you have the most updated map.  It was a process that some found very stressful, not we have Navigation systems and our cells phones have Google maps built in which allow us to take up to date complicated information and present it to use in a simple step by step manner that is easy for us to understand and follow.  Navigation systems are not free and neither are cell phone but you pay for the peace of mind.  A home is said to be one of the most expensive consumer purchases available so why not leave all the complicated calculations to our software and enjoy the experience of pay off your debt and creating wealth the software cost is insignificant to the amount of interest you can save and wealth you can create by using it so it actually pays for itself.

Did we forget a question?  Feel free to contact us

Did we forget a question?  Feel free to contact us