Payoff Your Mortgage - Use the Fastest Method Without Cutting Into Your Paycheck

I'm guessing that by now you must be thinking, "Hey, IYou can pay more to principal, less to interest...and it's
pay my mortgage bills on time. I have a good rate onperfectly OK with the bank!
my mortgage and there is no reason to do anythingHang onto your seat, because now there is a way to
more."apply $900 towards interest and $300 towards
Well, I hate to break it to you, but you may not realizeprincipal without changing your lifestyle or paying more
that you are paying more on your mortgage than youanything...and the best part is that the banks will gladly
have to. This happens because some of what goesaccept this!
on with the bank is very sophisticated.This method has been around forever but nobody has
The current mortgage system is designed to squeezefigured out how to use it.
as much money out of you as possible...Until now.
WARNING: you're at a severe disadvantage becauseWouldn't you like to shave 13 years off your
mortgage companies charge as much interest as longmortgage? You can! Here's how...
as possible without informing you in a clear way all theYour mortgage can be paid off in one-half to one-third
steps you can take to change it.of the time. Most of our clients shave at least 13 years
The current system requires your payments follow anof their mortgage without spending a cent more.
"amortization schedule", which forces most of yourAnd no, you do NOT have to refinance or get another
money to go towards interest.mortgage; just have an open mind and a willingness to
In the first five years, you could end up spending fivetackle a common math problem!
times more in interest than in mortgage principal - andThe concept is really simple. All you have to do is use
that's a huge chunk out of your paycheck! So if youa mortgage checking account the right way. Once you
make $12,000 in principal payments, you end upset this up you begin immediately allocating more of
spending $60,000 in interest. Unbelievable! For a simpleyour payments to principal rather than interest and end
calculation go toup paying your mortgage much faster. The best part
And when you move, the bleeding starts all overof all, the banks happily accept this.
again...Here are the 7 basic steps you need to follow:
The banks know you'll probably move again or1. Calculate your personal "HELOC number."
refinance in 5 years, and then the cycle of paying2. You set up a Home Equity Line Of Credit (HELOC)
more interest starts all over again.for the Heloc number.
It takes years before your loan balance is reduced by3. You pay your bills and mortgage on time.
a small amount-how unfair is that?4. You transfer money to your HELOC at the right
How many years have you been paying off yourtime.
mortgage and are you really further ahead?5. Your bank takes care of the rest-and they're happy
But here's how to fight back...to do it!
You're going to love this...there's an improved method6. Create a spreadsheet to make sure you stay on
you can use to reduce these interest payments.track.
The way to do this is simple. Apply more of your7. ...and YOU PAY OFF YOUR MORTGAGE AS
monthly mortgage repayment to principal rather thanEARLY AS 13 YEARS SOONER THAN NORMAL,
interest without changing your repayment orAND SAVE AN AVERAGE OF $67,636 CASH!
refinancing your mortgage.You will NOT have to change your day-to-day
For example, if you pay $1,200 towards your monthlyspending habits or your lifestyle to take advantage of
mortgage repayments, $1,100 goes towards interestthis concept. It's a sound, smart way to pay down your
and $100 towards principal early in the life of themortgage.
mortgage.