Mortgage Acceleration Tools

Mortgage Cycling Versus Bi-weekly Mortgages

With all the talk lately about Mortgage Cycling versus Bi-Weekly Mortgages which one is really right for you? Choosing the correct one could literally save you thousands of dollars and shave off approximately 20 years on the life of your 30 year mortgage.

So, a little background on the principal of each program needs to be told. Bi-weekly mortgages became popular a few years back when interest rates were extremely high and it made a lot of sense to pay as much on the principal of your mortgage as you can in a systematic way.

The way it works is that your mortgage payments are split in two every month so you end up paying (26) 1/2 payments instead of 12 whole payments which in effect ends up paying one additional month towards your principal.

Doing this ends up saving the average homeowner thousands of dollars on the interest payments over 30 years and shaves off around 7 years of payments. Not bad for back then. But as interest rates started to drop the net effect of savings are not as great now as they were when rates were higher.

But with the discovery of a recent mortgage loophole by Craig Romero, a senior mortgage analyst, Mortgage Cycling was born. Mortgage cycling allows a homeowner to build up 10 times faster then biweekly mortgages and allows you to pay of your 30 year mortgage in 10 years or less.

Mortgage cycling allows a homeowner to build up equity in their home fast using a patent pending technique. So fast, it ends up paying off a traditional 30 year mortgage in just about 10 years.

At first I was skeptical on how powerful mortgage cycling is until I compared using a typical $150,000 loan for thirty years at 7% interest. After running the figures though the difference between a bi-weekly mortgage versus mortgage cycling is dramatic.

Equity using a Bi-weekly Mortgage verusMortgage Cycling

Equity 1st year $1,520$14,061
Equity 3rd year $4,900$44,972
Equity 5th year $8,787$74,179
Equity 9th year $18,397$136,429

No matter the loan amount, interest rates or mortgage terms, mortgage cycling showed to dramatically cut down the payment time and interest payments to your mortgage company over the life of the loan.

Imagine what you could do with all that extra money that you can put back in your pocket instead of your mortgage company.

Now mortgage cycling may not be for everyone. But for someone who has the discipline it can be a very effective way of building up the equity in your home and to pay it off extremely fast versus using a standard bi-weekly option.

By: Ted Kushner -

Article Directory: http://www.articledashboard.com

Ted Kushner writes about consumer issue topics of interests. If you would like to learn more about Mortgage Cycling and how it can reduce your 30 year mortgage to just 10 years visit: www.affiliaterevenuesources.com/mortgage-cycling

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The banks don’t want you to know a technique you can use to help pay off your mortgage early and in the process save thousands, if not hundreds of thousands of dollars.

Basically, the bank charges you interest on your mortgage every day and naturally, the sooner you pay on that pricipal it’s going to reduce the amount of interest the bank makes off of you.  So, in addition to making your regular monthly payment, you will make a larger payment at intervals during the year to reduce your principal.

Will this work for everyone?  No.  The software will, but you need an open ended loan account and the most common is a HELOC (Home Equity Line of Credit) or by using your own cash should you have between $8,000 to $10,000 available.  In this day of savings accounts paying under 3% it may "make" you more money by utilizing this mortgage reduction technique. And you need to have an income where your income exceeds your monthly expenses, but it doesn’t have to be by much.

That’s where mortgage accelerating software can be extremely helpful in determining the interval and the amount you should pay towards your mortgage.  Most people that are familiar with this type of software typically think it is very expensive to purchase.  However, that’s not the case as there are affordable programs that will work very well.

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Interest Arbitrage And The Money Merge Account

When you open a savings account at 1% - 2% interest, the bank takes that money and deposits it into a "sweep account" where they will then redirect it to other investments or loan it to the consumer (maybe you) at say, 9%. So they are "borrowing" (holding your savings) at 2% and earning at 9%. That means that with regard to your business the bank is earning that 7% spread. One of the concepts that we need to use in our daily lives is what the banks use every day; interest arbitrage.

Now, I have nothing against banks. I love banks. Without banks we would not be able to drive our beautiful cars to our beautiful homes. Banks give us the opportunity to obtain the things in life that elevate our standard of living. But beyond that, it is up to us to be smart and use the tools at hand to position our money to work for us not the bank.

So again as an example, if I came to you today and said that I have a bank that will loan you money at 4% and you know of a bank down the street where you can put your money in an account and earn 6%. You’ll earn that 2% spread. This is interest arbitrage. Another concept to understand is that when it comes to our mortgage, cancelling interest is the same as earning interest…to the penny.

The Money Merge Account program employs these two concepts in accelerating a mortgage payoff. In the way interest is calculated on an open line of credit such as a HELOC, versus the way interest is calculated on a closed end loan such as a first mortgage, we are able have some control as to how much we actually end up paying in interest on that home.

By using the HELOC as a checking / savings account along with the Money Merge Account software, we are able to move relatively small increments of debt from the first mortgage to the HELOC whereby changing the way the interest is calculated on that debt. By moving that debt in a controlled and responsible manner, based on your cashflow and guided by the web- based Money Merge Account software, we are able to offset large portions of interest and potentially save thousands of dollars.

This is not a "magic bullet", it is a tool. The homeowner will end up paying 100% of the principal on their loan and will still need to handle their money in a responsible manner. But with the Money Merge Account program, they could stand to save a great deal in interest on that mortgage.

I hope you have found this article interesting and informative. If you have any questions do not hesitate to contact me.

-Greg Campbell

By: gcampbell

Article Directory: http://www.articledashboard.com

Greg Campbell is a San Diego based entrepreneur, independent agent for United First Financial, surfer and father of 2. Greg has been in the real estate and mortgage industry for many years. With the emerging real estate mortgage debt America is accumulating, Greg has shifted his focus on helping people overcome their financial bondage. For more info or to contact Greg, visit: www.DissolveYourMortgage.com

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 Mortgage Accelerators (Fact Or Fiction)

Mortgage Accelators have been around for years, and most people have heard of them in one form or another. Years ago, the most people’s idea of a mortgage accelerator was simply the idea of making an extra payment on your mortgage or adding extra money every month to pay down the principal. Those simple ideas have turned into many different techniques used to payoff mortgages faster.

Extra Payments - This is the easiest type of mortgage acceleration to implement, because it basically involves either making an extra payment whenever you can (using that Annual Bonus for example) or sending in an extra amount with your monthly payment that goes directly towards principal.

There are also many Advanced Techniques that involve using more complicated plans to payoff your mortgage faster. Although these techniques are more complicated, and usually require an investment into the program, they are also much better vehicles for paying off your mortgage quickly and saving tens of thousands of even hundreds of thousands of dollars in mortgage interest.

Although these types of plans are new to the United States, they have been used overseas for years and by a lot of people. In Australia for example, over 30% of people use a mortgage accelerator, and in the UK almost 25% use them.

The basic idea of these advanced products are to pay a big portion of money towards your mortgage using either money you currently have elsewhere, or using a line of credit, such as a home equity line of credit or HELOC. Some of these include Mortgage Accelerator Plus, CMG Financial, and United First Financial.

Mortgage Accelerator PLUS is a money management STRATEGY that teaches smart and efficient money management, with the goal of eliminating all debts, especially mortgage debt, in 1/3 the time. It is a ‘turn key package’ that includes a workbook, instructions, and software that teaches ALL the particulars of using the program, HOW it works and WHY it works.

MAP is based on mathematics and allows you to manage your money to minimize interest. You will be using the same techniques that banks have been using to keep more of your money! MAP also teaches you about Real Estate, Mortgages, Investments, Budgeting, and much more.

Learn more at http://www.mapsavings.com/

By: JohnRobertson

Article Directory: http://www.articledashboard.com

Jamie is a member of MAP and his website is www.mapsavings.com

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Can Mortgage Acceleration Analysis Software Pay Off Your Mortgage Faster?

At a time when our assets are diminishing in value, perhaps the only way in which we can improve our future net worth is by utilizing a suitable debt reduction program.

There are many debt management programs on the market designed to help us improve our future financial security. A suitable strategy designed to pay off our mortgage and other debt may be the best use of our personal financial resources.

Traditionally, financial advisors have made their living on the left side of the balance sheet and have provided little guidance in terms of effective debt management.

There has been an increasing interest in acceleration planning. An acceleration plan is a set of generic instructions or a "road map" to accelerating the payoff of mortgage debt. This would include the bi-weekly payment plans, the progressive payment plans, and "snowball" or "roll-down" type plans. While these plans can be effective, they have never gained popularity as an alternative to conventional mortgage amortization.

New and more advanced innovations in mortgage acceleration programming have come onto the scene. Mortgage acceleration analysis software periodically receives financial information from the owner and develops a customized strategy to pay off the mortgage and consumer debt.

If an acceleration plan is like a road map, mortgage acceleration analysis software is like a GPS navigation system because it utilizes continuous financial data to determine where we are at any point in time and makes strategic adjustments to keep us on course.

The advantages of a mortgage acceleration software program are: - Speed and efficiency in eliminating debt. - It adapts well to changing personal financial circumstances. - It provides real time reporting of our financial progress, giving us daily motivation to stay on track. - It can strategically attack non-mortgage debt, converting the payments to liquidity with which to further accelerate the mortgage payoff.

Because of these advantages, mortgage acceleration software programs can be the fastest way to pay off a 30 year mortgage without necessitating lifestyle changes.

The benefits of using any mortgage acceleration strategy will depend on the owner having some positive cash flow. If your family, on average, makes more money than you spend, you can benefit from the use of these programs.

Those that are within the first few years of a 30 year mortgage will realize the most benefit because of the proportionately high interest payments during this period.

One of the most controversial but successful innovations in the field of mortgage acceleration is found in the "merged account" programs. This involves the combining of cash accounts with certain types of credit accounts for purposes of utilizing temporary and surplus cash flow to reduce interest costs associated with debt.

The original program was developed in Australia and calls for the combining of your checking account with a type of transactional mortgage account so that the short term liquidity of the checking account can reduce the balance on the mortgage and the interest charges accordingly.

Although this is an innovative and effective strategy, the disadvantages are that one must refinance into this type of mortgage, it has an adjustable rate structure, and it is not readily available in many states.

Another variation of this program utilizes an advanced line of credit which merges with the checking account. Specific amounts of debt are transferred from the primary mortgage into this transactional line of credit where the owner’s cash flow can affect the balance and reduce the interest charges.

The owner’s unspent or surplus income further reduces the balance over time, allowing the line of credit to absorb additional amounts of the mortgage debt until both accounts are at a zero balance.

The advantage of this variation is that the owner keeps their existing fixed rate mortgage, avoiding the refinance costs, and it is even faster and more efficient than the original Australian program.

This type of merged account system can be somewhat expensive due to the advanced programming, set up, security, maintenance, training and support which are all provided by the vendor.

These programs are fueled by short term and future liquidity. Because this is a moving target, the company can only provide very conservative payoff and savings projections. This shortcoming has led to some debate as to whether the program investment is justified.

Mortgage acceleration isn’t the solution for everyone, but for many, it can pay off the mortgage and other debt in record time and is a safe strategy to build your financial future.

By: David Haslett

Article Directory: http://www.articledashboard.com

David Haslett is an author, seminar speaker, and business leader in the Mortgage Planning industry. Find out how mortgage acceleration software can benefit your financial future at: www.fastestmortgagepayoffplan.com

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Money Merge Account Revolution - The Money Merge Account Is Here!

America’s new financial landscape is in its infancy, many Americans are unaware what is happening across the country. There is a new program that is coming to a town near you and it will change your life. The Money Merge Account is empowering homeowners through education and action in accelerating their mortgage payoff. Not only are they benefiting from putting themselves in a better financial position by paying off their mortgage, they are also getting a ’street-wise’ education on money.

By putting their money to work for them instead of the bank, homeowners are beginning to understand how hard their money can work. Money placed in the right position, will work 24 hours a day, 365 days per year. No breaks, no time off, no vacations. While we sleep our money is at work, while we sit in traffic, our money is at work. The Money Merge Account positions our money to allow for maximum interest cancellation. Keep in mind; canceling interest is exactly the same as earning interest…to the penny.

It is my belief that once a good portion of the American population begins to understand and employ these concepts, it will be widely agreed that the lack of money education in schools will be looked at as a travesty. For now, while Americans take on more and more debt, the level of financial ignorance remains unchanged. United First Financial and the Money Merge Account are out to change that.

In my past articles, I’ve gone through the workings of the MMA program. If you haven’t seen them already I would encourage you to read them, visit the United First Financial site and do your research. I will be hearing more about this program as media outlets are beginning to catch on to this revolutionary debt elimination program.

-Greg Campbell

By: gcampbell

Article Directory: http://www.articledashboard.com

Greg Campbell is a San Diego based entrepreneur, independent agent for United First Financial, surfer and father of 2. Greg has been in the real estate and mortgage industry for many years. With the emerging real estate mortgage debt America is accumulating, Greg has shifted his focus on helping people overcome their financial bondage. For more info or to contact Greg, visit: www.DissolveYourMortgage.com. Past articles can be found at www.DissolveYourMortgage.blogspot.com

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