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Monday, February 16, 2009

To HomeBuyers Who Have To Be Debt Free For Life

By NeilV1001

What good is it to retire when you still have mortgage debt in retirement?

Do you Really Know What You Should Do Next?

Do you know the ins and outs of the stock market? Well for most of us we are only good at contributing money to our savings and 401k plans. And thats about it.

Do you consider yourself a financial whiz kid when it comes to investing in the stock market?

If not, dont be discouraged. It is not your fault you are not a specialist. It takes years of study and practice and that's what you pay a specialist for, to take care of your investments even if it is your 401 k.

Without a clear goal and objectives you are bound to lose your money even if you are managing your own money or having a specialist manage your nest egg.

The Rewards of A Final Payoff

Why would you want to hang on to that large monthly payment if you didn't have to? Outright ownership means no more mortgage and loads of money in your pocket. Using Mortgage Free for Life can speed up the process.

Paying extra towards your mortgage principal every month or biweekly is one way to eliminate your mortgage faster and reduce mortgage interest.

Are you in a position right now to spend more money each month to pay off your mortgage?

Are you in a fortunate situation where you are able to consistently pay more towards your mortgage principal each month?

Dont forget that though you want to pay off your mortgage faster it makes financial sense to have a balanced portfolio and invest at the same time

Do you know that you can eliminate your mortgage faster without spending more of your own money and use the extra cash you have for investment purposes and at the same time be mortgage free for life?

Accelerate Your Mortgage Payoff

Paying off your mortgage in under half the time is easily achieved by using the mortgage free for life system.

The method takes into account that the all banks and financial institutions charge you a significant amount of interest and fees upfront.

Applying the method of mortgage acceleration you can reverse the flow of interest paid to you bank. Instead of the bank applying more of your monthly payment to mortgage interest they happily will apply this to mortgage principal. And an acceleration system like Mortgage Freedom For Life could end up saving you thousands and eliminating your mortgage in record time.

The best way to find out if the mortgage acceleration program would work for your situation is to use a mortgage acceleration calculator. Just plug in the numbers and see how fast you can slash years of your mortgage.You may be tempted to refinance your mortgage to drop your monthly payments. It makes sense to do so when your mortgage rates have dropped. By refinancing itself does not make any difference to the term of the mortgage. The mortgage has to be repaid.

How To Take Back Control Over Your Mortgage Debt

Think of what you could do if your mortgage payment was eliminated. Putting your kids through college would be a lot less expensive, you wouldn't necessarily need loans to do it. The equity you have in your home could be used to fund the down payment on an income producing property.

Mortgage Accelerator is designed to suite your needs and can help you go from having a mortgage to no mortgage in under 10 years, saving thousands

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