If you can slash 13 years off your mortgage and save thousands of dollars without spending more or changing your lifestyle, would you do it?
This is certainly appealing and I am sure that most homeowners would jump at the chance to pay off their mortgage.
But you know that it is nearly impossible to pay off your mortgage in this day and age. You see it’s not your fault. Everything you do is stacked against you and it is an impossible task to stay on track and pay off your mortgage.
When the FHA was first signed into law in the early 30s, homeowners need 80% down payment and 20% was in insured through the FHA. Approximately 15% of people could afford to buy a home back then. As time went on the rules changed. Now you only need 20% as a down payment down payment to own a home. And now we have and 15 year mortgages, 30 year mortgages and even 50 mortgages.
We are led to believe from an early age that is okay to pay for a lifetime of mortgage payments. We see our parents do that, our families do that and now we automatically assume that this is the right way to live.
And when we choose to pay off our mortgage debt , it would be like deciding to fight in a battle even when you have already been told that you would lose in the end.
And if that’s not enough, the banks have made the mortgage amortization schedule to work against you. They stack this up with interest up front and you only make a real dent in the principal after 10 years. Even though you try and pay more principal upfront it feels as if you have made no progress.
We would most likely reckon that the only way we can pay off our mortgage early is by spending more. Thus, we resort to spending extra amounts per month for mortgage payment or making use of the bi-weekly accelerated mortgage program.
So as you can see, it is not your fault you want to pay off your mortgage but just cant get started or keep on track even though you made the choice to live debt free.
The mortgage acceleration system method is a system designed to help you pay off your mortgage and stay on track automatically each month. Because it is systematic, it is the best way to settle your mortgage account and live a debt-free life.
This mortgage payoff method uses the concept of interest leverage to help you rapidly pay off your mortgage. This method turns a Home equity line of credit into a checking account that enables you to pay at a lower interest rate and pay off your mortgage quicker. You can end up slashing 13 years off your mortgage without changing your lifestyle.