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Tuesday, March 3, 2009

To Mortgagees Who Have To Be Debt Free For Life

By NeilV1001

What good is it to send your kids to college if they then have to pay for debt their entire lives?

Do You Know The Next Step?

Do you know the ins and outs of the stock market? Well for most of us we are only good at contributing money to our savings and 401k plans. And thats about it.

Are you an expert in investing in the stock market?

It is not your fault. You are just not given the right information.

Without a clear goal and objectives you are bound to lose your money even if you are managing your own money or having a specialist manage your nest egg.

What Happens When Your Mortgage Is Paid Off Early

Its strange how we all have come to accept that we need to take 30 years or more to pay off our mortgages. The banks have created this 30 year amortization schedule that makes us believe that we have to make a payment for almost three decades. Just imagine owning your home faster without spending more or changing your lifestyle.

Spending more of your paycheck each month on your mortgage is one way of paying off your mortgage faster.

Are you in a position right now to spend more money each month to pay off your mortgage?

Good investments can produce more than paying extra on the monthly mortgage. Look into mortgage acceleration as a way to achieve the final reward of being Mortgage Free for Life.

Dont forget that though you want to pay off your mortgage faster it makes financial sense to have a balanced portfolio and invest at the same time

Do you know that you can eliminate your mortgage faster without spending more of your own money and use the extra cash you have for investment purposes and at the same time be mortgage free for life?

Eliminate Your Home Loan Not Your Extra Savings

The mortgage acceleration process addresses the fact that banks and lending institutions front load your loans with interest rates, very high interests rates in some cases. By using accelerated mortgage principles, you harness the power of paying less interest. Paying less interest means paying off your debt more quickly and becoming Mortgage Free for Life.

The method takes into account that the all banks and financial institutions charge you a significant amount of interest and fees upfront.

Applying the method of mortgage acceleration you can reverse the flow of interest paid to you bank. Instead of the bank applying more of your monthly payment to mortgage interest they happily will apply this to mortgage principal. And an acceleration system like Mortgage Freedom For Life could end up saving you thousands and eliminating your mortgage in record time.

If you want to find out how to slash years of your mortgage early without spending more or changing your lifestyle, the best way is to enter your information directly into a mortgage acceleration calculator. Sometimes we may feel that refinancing is a good option to pay off your mortgage faster, especially when the rates have dropped. You refinance to a lower rate thinking that the extra cash savings will be applied to paying your mortgage faster. This rarely happens. In some cases you could be worse off with refinance fees and longer time it takes to pay off your mortgage.

Take Control of Your Finances

If you have kids imagine them finishing college without taking a lifetime to pay off debt. That would be one of the biggest gifts that any kid would like to have especially when they are just getting started in life. An easy way to earn a stream on monthly passive income is to use the equity in your home to fund the down payment of an investment property. The rental you could earn from the property could be used to pay the mortgage on this investment home and the extra could be passive income in your pocket.

Remember, always invest in your home with Mortgage Free for Life. It is the safest investment there is from saving thousands in unnecessary interest payments to the bank.

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