The reasons why 2009 is a fabulous time to accelerate your mortgage payments...

The Secret To Pay Off Your Mortgage Strategies In This Market...

The reasons why this year is a fabulous time to accelerate your mortgage payments without sacrifying your lifestyle.

You are probably closer to retirement and plan on paying off your mortgage in the next five years. But you not show whether it still makes sense given the current market conditions.

Since the market has slashed your retirement savings by almost 40%, you are betting that the stock market will rebound and that you would recoup your retirement savings.

Should you still pay off your mortgage before you retire and ahead of time?

There are two reasons why you should pay off your debt and accelerator your mortgage payments especially in 2009.

But before I get into that there are two caveats that you must consider before paying off your mortgage.

If you have high credit card debt to pay, make this a priority in 2009. Credit card interest rates are high and sometimes around 30%. It makes much more sense to pay off your credit card debt first before you choose to pay off your mortgage. There is one exception and I will discuss this later.

The second caveat is that you should make sure that you are always contributing to your 401(k) or retirement savings account. I know the stock market has fallen over the last eight months and it does not make sense to keep contributing in the stock market, but in order to prepare for your retirement, it is imperative that you keep contributing to your 401(k) plan at least out to your employer match.

If you done that, they paying down your mortgage is the smartest financial strategy in 2009 and it is even better if you can do this before you retire.

The best reason why you should own your home in retirement is that you would use your retirement funds only for property tax and maintenance cost. You don't need to use your retirement savings to pay off your huge monthly mortgage bill.

If you pay off your mortgage in retirement you have the option of getting access to your money through a reverse mortgage.

A reverse mortgage gives you the ability to tap into your home equity only if your mortgage is almost fully paid off. This gives you the advantage of using your home as a second income source in the event you need this in retirement.

When you think about paying off your mortgage, you immediately think that you need to spend more of your own money in order to pay off our mortgage early. But it does not have to be this way.

There is a new technique called mortgage acceleration that will help you pay off your mortgage faster without changing your lifestyle. This technique can help you slash at least 13 years off your mortgage and save thousands of dollars of interest.

To find out exactly how much you can save your situation and how to pay off your mortgage before you retire without spending money go directly to www.eqxl.com.

Enter your information in the mortgage accelerator calculator and within 30 seconds you can see for yourself how to save thousands and how fast you can get rid of that mortgage before you retire. And while you're at it download your free mortgage acceleration guide that'll show you the insider tips and strategies to help you on your way to a debt free retirement.