The standard 30-year mortgage requires 360 payments.
That's a lot of payments.
When the day comes that you make your final payment and burn the mortgage, you will have bought one house for yourself and a second house for the bank.
Yes, that is roughly how much interest you will pay of this entire period.
Many families struggle to add a little extra to their mortgage each month—or whenever they can—to try to shorten the curve a little.
How would you like to shorten that payoff period to 7 years or less, and with the exact same income you have coming in right now. IS this really possible?
Yes, it is, and it uses some very interesting math. Is it legal, ethical, moral.
Homeowners all over the world are wise to this simple technique.
It involves using a financial product available from that local bank where you maintain your checking and savings accounts.
So why haven’t they told you about this?
For the same reason that pharmaceutical companies don’t run ads for health foods.
It’s not good for business.
Would you prefer to grind away at that mortgage for a full 30 years?
Or pay it off in 7 years or less with your exact, same current income and save tens of thousands of dollars in interest payments?
A 30-year mortgage requires 360 payments to pay it off.
When the day comes that you make your final payment and burn the mortgage, you will have bought one house for yourself and a second house for the bank.
Yes, that is roughly how much interest you will pay of this entire period.
Many families struggle to add a little extra to their mortgage each month—or whenever they can—to try to shorten the curve a little.
How would you like to shorten that payoff period to 7 years or less, and with the exact same income you have coming in right now?
Is this really possible?
Yes, it is, and it uses some very interesting math.
Is it legal, ethical, moral?
Absolutely.
Homeowners all over the world are wise to this simple technique.
It involves using a financial product available from that local bank where you maintain your checking and savings accounts.
So why haven’t they told you about this?
For the same reason that pharmaceutical companies don’t run ads for healthy foods.
It’s not good for business.
Would you prefer to grind away at that mortgage for a full 30 years?
Or pay it off in 7 years or less with your exact, same current income and save tens of thousands of dollars in interest payments?
FAQ
Q: What is the sequence of events when a homeowner is about to go into foreclosure? A: See the following list. 1. A homeowner gets behind on their mortgage paments. 2. The bank or lender forecloses. 3. An auction is held to sell the property. 4. Investors come to bid on the property. 5. The property is sold for more than the loan balance. 6. The lender receives the funds due to them. 7. The county where the auction was held receives various legal fees, court costs and taxes. 8. After the lender and auction costs have been paid, the remaining funds (called surplus funds or overages) are held in trust by the county in the name of the former homeowner. These funds are still the property of the homeowner who was foreclosed on! 9. By law, the county is required to mail a first class letter to the former homeowner informing them of the surplus funds. 10. This letter goes to the address of the foreclosed property, but the former owner no longer lives there. 11. NO FURTHER ACTIONS ARE TAKEN by the county, the state or the former lender to assist the former homeowner to obtain their surplus funds. 12. After a period of time (typically 2-3 years depending on the state), these excess funds "escheat" back to the state treasury and can never be recovered.
Q: How can I possibly pay off a 30-year mortgage in 7 years or less without making additional payments to principal? It just doesn't seem possible.
A: The answer combines a financial product available from your bank with an understanding of how to accelerate the amortization table.
I can't say more here since this isn't something that Big Finance wants you to know, and I'd rather keep it under the radar.
Suffice it to say that it's real, it's ethical and it works.
You will save TENS of THOUSANDS of dollars and there's not a darned thing the bank can do about it.
When we meet on ZOOM I'll explain how to proceed.
Reach out and get in touch and we can schedule a ZOOM.