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Dear Homeowner,
There are two kinds of investors in this world. There are winners and there are losers.
What makes the difference?
The is a super powerful finance technique called LEVERAGE which is used by
all the winners.
Let me give you an example:
Let's assume you had two credit cards. The first at a 3% interest rate and the second at a 6% interest rate.
Would you borrow money from the 3% credit card to pay off the 6% credit card?
…of course you would and you just applied the power of leverage.
Why?
So that you can save a ton of money in interest charges and keep all those payments
for yourself.
In fact, you might be using this super ninja technique already when you transfer your high credit card balances to a credit card that has a zero or a low interest rate.
And you guessed it…
The same technique applies to your mortgage…and we will show you how to reduce your high mortgage interest rate of 6.0% to a low interest rate of 2.7%.
All without refinancing or spending more of your own money.
Are You Ready…
…As I am about to reveal the secret of how the mortgage acceleration program works in 7 simple steps.
So let's look at Jill's situation…
Jill recently became a single mom and took over her home in a bitter divorce settlement.
One day while surfing the internet, she stumbled upon
EquityExcel.
And here's what we learnt about her situation;
Jill has two kids and an outstanding mortgage balance of $240,500.
$1,520 of her monthly paycheck was sucked up by her mortgage payment each month.
Fifteen minutes into the call, I learnt that her dream in life was to pay for her
kids' college education so that they never have to worry about paying off debt once
they graduated.
They had been through enough and Jill wanted the financial obligation on herself.
Here was her dilemma
Jill's income just about covered her monthly bills. She figured out early on, the
only way she could send her kids to college was to tap into her home equity and
use this to fund their education.
In her efforts to build equity faster, she attempted to pay extra towards her mortgage
and at one point even used the bi-weekly mortgage system.
But,
Somehow, life got in the way of making consistent progress.
This was not her fault…
… raising a family was quite challenging and it was next to impossible at times
to have enough money left over just to take care of the bills.
Jill earned just over $5,000 a month. Each time she reluctantly tore open her mortgage
statement here is what she found…
Her outstanding balance of $240,500 and a big chunk of her paycheck were sucked
up by the mortgage interest.
After a quick calculation, Jill found that she was scheduled to pay over $546,106
in interest and principal over 30 years of which $306,106 related to interest alone.
Which was not fair!
Jill had a glimmer of hope when she learnt about mortgage acceleration.
In order to position Jill for success, we introduced her to the Seven Step System.
Step 1: Establish a Home Equity Line of Credit (HELOC)
The first step was for Jill to open a HELOC and turn this into her new checking
account. This is the starting point to paying off your mortgage faster.
Huh?
Let me explain the secret in this step…
Your HELOC works just like a credit card account.
If use a credit card to pay your bills and then make a full payment at the end of
the month, you will not be charged interest.
Pretty simple rule, right?
Here is how we use this rule to pay off your mortgage faster.
In fact, this rule covers 51% of the entire mortgage acceleration strategy,
and if when you apply this rule to your situation, you will save a ton of money
immediately.
The key is to treat your HELOC as a checking account.
Let me show you how.
Once Jill set up her HELOC account,
Step 2: She deposited her Paycheck into her HELOC, AND
Step 3: Paid her bills as late as possible, only when they were
due at month-end
Why?
Think back to your credit card for a second.
Whether you end up paying interest on your credit card is dependent upon the outstanding
balance.
If you do not pay your credit card bill on time or settle the full amount, you will
incur late fees and interest charges.
If you paid the full amount on-time, there is no balance outstanding.
So no interest charges!
The same concept applies to your HELOC.
By depositing your income as early as possible in your HELOC, you immediately reduce
the balance on your HELOC. By paying your bills when they are due, very little,
or at times even no, interest is charged.
Why…
… Because when you used this awesome weapon to keep you HELOC balance low during
the entire month, you will paid very little interest.
Here is the cool part. The interest may also be tax deductible.
In fact, if you do nothing else and follow this principle you are guaranteed
to save at least $35,000 to $40,000 of interest charges and still pay off your mortgage
early.
Warning: You only want to pay your bill when they are due, or else you will
eliminate your interest savings
The end result…
… you don't have to spend more in order to pay off your mortgage, postpone a vacation,
or take on a second job to pay off your mortgage.
Simply treat your HELOC as a checking account, follow the 3 steps above and you
will save yourself thousands of dollars.
If this is so simple, why then did Jill rely on EquityExcel to help her?
Step 4: Calculate Your Optimal HELOC Number
Okay so we jumped ahead a few steps.
But this is really the first step, let me explain why.
Jill wanted to pay off her mortgage without paying anything extra as she had two
kids and her goal was to put her kids into college using her home equity.
The secret…
First, determine her optimal HELOC number. She simply plugged-in her numbers into
our software and generated a report which created her optimal HELOC number as $7,000.
Why is this secret?
The Optimal HELOC Number is the key to paying off Jill's mortgage in
the SHOREST period of time and with the MOST amount of interest savings.
Still not sure how important this is? Let's assume that you boiled water to make
a cup of coffee.
You switched off the coffee pot when the water was 210 F. If the temperature of
the water is below 212 F, then it's just warm water.
Can you imagine the taste…
…probably tastes like muddy water and of course all the bacteria will still be swimming
around in your cup.
Now what happens if you boil the water beyond 212 F. Chances are that all the water
will evaporate and you may end up with so little water that you have to start all
over again.
What if you switched off the coffee pot at 212 F and brewed a cup of coffee.
AHHH…
That would be a perfectly brewed cup.
The same applies to paying off your mortgage…
If you set your HELOC account too high, you will pay more interest than you
have to, and if you set your HELOC too low, you will not maximize your interest
savings.
The key is to keep your HELOC balance at the correct boiling point.
You don't want to be in a muddy mortgage mess so that you are forced to watch your
interest savings evaporate after all that hard work…
… and Jill did not want to take that chance also, especially as she wanted to send
her kids to college.
Step 5: Rinse and Repeat
Here is the best part of all.
Once you set up the system the right way…
then all you have to do each month is pay your bills from the HELOC
And you are done.
You can even set this up electronically and forget about it.
But if it is so easy, what's the catch?
We had a client who previously tried to set this up himself. He was slammed
with $327 in fees and bank charges within the first month, which completely
wiped out his savings.
You see this is not your fault. The banks don't want you to pay off your mortgage
early.
Banks have actually set a sneaky trap…
… if you set up your HELOC account incorrectly, they will slap you with fees!
We found that it is important for you to tell them exactly what to do, and how to
set up the HELOC for your situation for the best chance of success.
If you plan to do this yourself, it important to have a conversation with the banking
staff, to correctly set this account, and avoid those charges that will eliminate
your interest savings.
Most banks are pretty helpful when it comes to explaining the fee structure.
For Jill, she handed her bank manager a quick checklist when she set up the HELOC
and saved herself from throwing away her money in extra fees.
She simply opened a HELOC for $7,000 and,
activated her HELOC account so that it would have all the features of a checking
account.
Don't worry; we will help you with all of this so you never need to figure this
out for yourself.
You will need to spare just 10 minutes to watch the video and you would then be
on your way to save at least $63,676 in interest.
Step 6: Keeping on Tracking
Have you ever been late for an appointment or meeting?
Did you encounter Murphy's law…
…you know, a significant roadblock, detours, or accidents along the way, that made
you even more late.
If you have a GPS, you have a good chance of navigating through these accidents
and challenges and getting to your meeting on time.
The same applies to mortgage acceleration.
Your personal financial situation will change; you make take another job or move
to a new home.
And of course, the interest rate on your HELOC will change!
As a result of this, your interest savings and the time to pay off your mortgage
will also change as well.
For this reason, it is important to create a simple tracking method to make
sure you can adjust with life's changes and still pay off your mortgage without
spending more of your money.
Think of your monthly tracking tool as a GPS system; like the navigation system
in cars to help you reach your destination faster.
Here is how we set up Jill for success:
Our objective is to make paying off your mortgage as easy as flipping on a light
switch.
We will do everything for you. You enter one number and the software takes care
of the rest, and even sends you a monthly status report.
…You only have to spend two minutes, to do a quick check on your progress.
Jill spends no more than two minutes a month logging-in and only taking action if
necessary.
And she is done!
Here is a question I commonly receive. How critical is the software?
Here is an insider secret.
The software only accounts for 25 % of the total mortgage acceleration
strategy!
The real power is finding the right HELOC number and using the software to
manage and recalculate your HELOC number over time.
You could have the best software in the world but if you plug in the wrong numbers,
especially the incorrect HELOC number, this could literally be a thousand dollar
mistake.
Once you determine your optimal numbers, you can easily track this yourself.
Step 7 - Enjoy the Journey
That's it.
"If that sounds so simple, why can't I do this myself?"
Based on our 13 years of experience, homeowners who have done this themselves have
saved on average $35,000 to $49,000 in interest, which are awesome results!
AND yes, you can…
… do this on your own and you will get great results.
But what if I could save you an additional $47,000 or $73,000 and slash the time
required to paying off your mortgage even further.
Would this be worth your while?
As you go from one month to the next and the next, your mortgage balance is paid
down exponentially. And so does the interest. You go from being merely a slave to
the bank to now owning your home, not your mortgage.
This process is linear. It's straightforward. It's predictable.
Our clients know immediately how much they are going to save by using the free mortgage
acceleration calculator.
We have created a method, which has been refined and enhanced over the past 13 years
to help you save even more!
Which is why we offer such a bold double-your-money-back guarantee
on our EquityExcel Mortgage Acceleration Program.
As you can see from Jill's case, her biggest frustration was getting paid only to
look at her online bank statement and realize she had no money left over at the
end of each month.
And now she looks at her online account with excitement and knows that one
day, her dream of sending her kids to school will surely be a reality, and all without
taking any chances or placing herself in financial jeopardy.
Please go directly to the Mortgage
Acceleration Benefits to find out the exciting benefits of using the EquityExcel
Mortgage Acceleration System, and don't forget to use the Mortgage Accelerator Calculator to see how much you
can save.
If you would like to know more, enter your name and e-mail address below and we'll
send you a free newsletter worth $17.97 a month, where you get access to the best
tips to apply some of the techniques for yourself.
Thanks and I look forward to taking this journey with you.
Neil Venketramen
P.S. If you want to apply the seven-step process that is guaranteed to help you
slash at least 13 years off your mortgage, and save at least $67,636 in interest
without spending more or refinancing, go directly to .
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