Our home planning centers:
|What if You Can Pay Off Your Mortgage Quickly
in about 1/3rd of the time without refinancing or changing your current monthly payment or cash flow position
|1st: Make additional payments to reduce mortgage interest fast:
You will setup a schedule where you make large, lump-sum payments to bring your mortgage balance down quickly this allows more of your regular monthly mortgage payment to paydown principal rather than interest.
We have a slide show on mortgage amortization and interest.
|2nd: Next, deposit all of your income into your advanced home equity line of credit account
You will take all of your income sources and deposit them into your home equity line account instead of your checking account.
|3rd: Now use your banker home equity line account to pay expenses
Use your home equity account to pay for everyday budgeted and planned expenses such as:
|Benefit: Your discretionary income pay offs your debt balances FAST!
Your discretionary income (the income amount minus your expenses) remains into your home equity line account to lower the debt balance.
When your debt balance drops to a pre-determined amount, you will then make another scheduled payment to paydown your mortgage. You will repeat the cycle over again until you payoff your mortgage.
Over time, you will be able to pay off your mortgage in half the time by budgeting and managing your mortgage payoff account.
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