Debt Be Gone Today

When you bought that first home it felt as if was a dream come true.

But as time goes on, we quickly realize on average, at least 35% of our monthly salary, and in some cases more goes towards paying your mortgage bill each month.

Thats perfectly acceptable but

Most of your payments go towards paying off mortgage interest rather than paying off principal.

If you decide to refinance or move to another home your 30 year mortgage automatically now becomes a 40 year mortgage. For most of us it could take up to four decades to pay off the mortgage.

And what if your are extremely close to retiring.

Your mortgage could last longer than your retirement and then your kids get to inherit your home. But wait they will inherit the mortgage on your home and will be burdened with this as well.

Their inheritance sadly could be outstanding mortgage debt rather than the legacy of your home.

You have managed your debt so that expenses will be minimal at retirement.

Living debt free is the ultimate retirement dream. Is there a way to do this without changing your lifestyle or spending more of your cash?

There certainly is. This overview will reveal how to accomplish this.

Lets assume that your largest debt and your largest bill is

Monthly repayments to your mortgage.

You now can eliminate the significant amount of the interest payable on the mortgage debt.

Using the method of mortgage acceleration, you could save thousands in interest and pay off your mortgage at least 13 earlier, without spending more or refinancing.

Government Statistics (by mortgage insider) show that over 80% of Americans live in debt.

And when they approach retirement 35% of them still have over 20 years left in mortgage repayments.

To retire without the burden of debt the easiest step is to pay off your mortgage first.

By applying the methods of the mortgage accelerator, this is the easiest way pay off your mortgage.

By definition, mortgage acceleration is the practice off accelerating the pay down of your mortgage in record time and changing the time it takes to pay off your mortgage principal.

As interest on mortgages is compounded, early payments slashes the years needed to pay off your mortgage, which in turn reduces the amount of interest.

You may not have extra payments each month as you may want to invest this or use this for personal spending. By applying the mortgage acceleration system it is a smart way of making more of your payments to principal and ends up paying your mortgage faster, all without paying more.

It reverses your monthly payment to your mortgage. Instead of your money being applied to interest, the banks automatically apply more towards your principal whilst keeping the payment the same.

Your mortgage could be halved and you could end up with thousands of your own money back in your own hands.

This is how mortgage acceleration can be applied to your situation and change your financial life.

With this extra cash, you would be able to put your kids/grandkids through college, or purchase a second property for investment purposes or just have the extra cash to enjoy during retirement.

Lets Assume You Are In Your 20s and Have 30 Years To Retirement:

Lets assume you have a 30 year fixed rate mortgage. The value of your mortgage is $300,000. If your interest rate is 6%, you will end up spending at least $347,514 over the entire life of your mortgage in interest payments alone.

Isnt it interesting you have to pay back more than you initially qualified for on your mortgage.

With the mortgage acceleration system you could slash at least 13 years of your mortgage saving over $67,000.

Instead of being in your 50’s when your home is paid off, you will only be around 40.

You will now be able to use the extra cash you have each month to buy a 2nd home or an investment property.

Once your mortgage is paid off, that could represent financial independence and could be the starting point for an early retirement.

Think about the quality of life by being debt free.

Heres the best part. You dont even have to change your existing standard of living at all.

Assume You Have a Family and You Are Currently in Your Early 40s.

The biggest goal at this point would be to send your kids to college. Most of my clients dream of giving their kids a debt free college experience.

You know how hard and long it takes to pay off any college debt. Instead of your kids working to enjoy life and live debt free, they may have to face the prospect of working for a very long time to get rid of debt.

By using the mortgage accelerator system, you can pay for their education using the equity in your home to supplement their college education fees.

This eliminates the need for the kids to apply for student loans, which forces them in debt after graduation.