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Everyone has the dream of owning their own home. But until you get your first mortgage, you probably have no idea what a nightmare that dream can turn into. Just trying to figure out the amortization of principle v.s. interest is enough to make the average person go insane.
Mortgage Debt It's Not the Interest That Gets You
By Robert Hannley, Copyright 2007
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Everyone has the dream of owning their own home. But until you get your first mortgage, you probably have no idea what a nightmare that dream can turn into. Just trying to figure out the amortization of principle v.s. interest is enough to make the average person go insane.
Certainly owning your own home is better than renting, but your lender is the one who comes out smelling like a rose, when you look at all the interest you'll pay over the course of 15 or 30 years. More likely than not, the interest payments alone could've bought you a second home.
Mortgage interest is based on the amount you owe each day; therefore, no matter what your interest rate is, the more you owe in principle, the more you'll pay in interest. The only way to keep ahead of your lender is to accelerate your mortgage pay-off.
You see, the way the mortgage lending system works is that your monthly mortgage payment, from the beginning of the loan, primarily goes to interest. That is to say that you pay on the calculated interest first and the principle second. This keeps your principle balance high, so that you end up paying more interest over time, since actual interest is calculated daily.
Do you know how much house you can afford? Do you know to accelerate the pay-off of your mortgage without sacrificing other things? Are you deep in other forms of debt as well? Are you managing your money in the most effective way possible?
There is an awesome new program called Mortgage Accelerator Plus, or MAP, that can teach you how to manage your money more effectively and use it to reduce the life of your mortgage loan. In other words, rather than taking 30 years to pay off your home, you can learn how to get it paid off in seven to ten years instead, saving you thousands of dollars in interest.
This amazing, MAP program, is NOT a bi-monthly, 'make extra payments program', NOT an “increase in your monthly expenditures program” and NOT a 'debt Roll Up Program'. Instead, Mortgage Accelerator Plus is a completely unique system that teaches the tricks your lender is using to keep you swimming in a sea of interest and how to turn the tables so that you will be the one smelling like roses, not them.
Not only can Mortgage Accelerator Plus show you the light at the end of the mortgage tunnel, but these same principles can be applied to other debt you have as well. And here's the icing on the cake...
Mortgage Accelerator Plus also has a direct sales affiliate opportunity built into it, complete with trained marketing assistants to close sales. This aspect will allow those taking advantage of it to earn commissions for referring other home owners, or potential home buyers without the pain of having to 'sell, tell, convince or explain' as well as spending hours 'pounding the phone'. The Professional Marketing Assistants can do all the follow up for those who want them to. Just think how fast you could pay off your mortgage using the MAP program while drawing an additional income on top of it and not being chained to a phone to do it..
Pay off your mortgage in less than half the time, earn an additional income, pay off other debts and finally breathe the fresh air of financial freedom. Mortgage Accelerator Plus can do all of that for you.
The Mortgage Accelerator Plus Program even guarantees that they can save you at least $10,000.00 on your mortgage, if you use the program, or they will refund to you the purchase price of the program.
Robert Hannley is an expert home business entrepreneur, and Mortgage Accelerator Specialist.
Keywords: mortgage accelerator, mortgage accelerator plus, mortgage debt, mortgage interest
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