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Did you know you can use the accelerated mortgage payment calculator to determine fast you can payoff your mortgage, without a change in your lifestyle or changing your monthly mortgage payments? And I am going to reveal the step by step insider secrets to show you how to do just that.
Let me ask you a question. Let’s assume you had extra money each month, what would you rather do?
1. Invest in a high interest money market account where you could possible earn 5% of interest on your extra money you have invested each month.
2.Pay off your mortgage faster by making accelerated mortgage payments
3. Try and invest conservatively in the market maybe starting out with an index fund with low fees or maybe mutual funds
4. Contribute more towards your monthly 401 k or retirement fund.
So i decided to hit the streets and find out first hand for myself what people where thinking and find out for you the best option, especially in today’s economy. The results were almost equal with one winner only by a small amount.
Most replied that we should invest our money in a money market account.
And given the state of todays economy that did not surprise me in the least bit. We all want to invest our money and keep this safe. And we should always take this route especially if we plan on retiring in the next 5-10 years.
What about using the method of accelerate mortgage payments? Is this a good investment choice given that your financial savings may take a decade before it restores to it level that were seen a year ago?
A $210000 mortgage would cost almost $430000 in repayments over a 30 year period. The cost of interest is a little more than the mortgage principal you borrowed.
And do you know if you make one accelerated mortgage payment each year you can save over $51000 in interest and even chop 6 years off your mortgage.
That is a great savings if you afford to make the one extra payment each year.
What if there is an emergency or you need to use those extra funds to pay additional bills and have no extra money left at the end of the month?
There are better alternatives to accelerated mortgage payments rather than paying extra.
Mortgage acceleration is the new method of making accelerated mortgage payments.
You can easily slash 13 years off your mortgage and save $63000. You can determine your personal savings by using the accelerated mortgage payment calculator. And the away you achieve this goal is to use a Home Equity Line of Credit as an accelerated checking account. This accelerated checking account is the secret that slashes years off your mortgage without changing your lifestyle.
Making accelerated mortgage payments and paying off your mortgage early is a risk free investment decision, especially in todays market.
Owing a home is almost risk free investment. Paying off your home is a much better strategy especially in the next 5 years as compared to investing in volatile stocks and bonds.
But you don’t have to take my word for this. Go directly to Enter your information directly into the accelerated mortgage calculator and see for yourself how much you can save for your situation. And then download our free guide with all the insider tips. |