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The Home Ownership Accelerator

I am a Certified Home Ownership Accelerator Specialist. The Home Ownership Accelerator is the only First Position HELOC of its kind that allows you to pay Principle First and Interest Second! What this means is that, by making the same monthly payment you are now, a traditional 30-Year Mortgage can be paid off completely in less than ten years!

In addition, as you pay down, those funds are available to you 24/7, 365, because again, this is a HELOC. Can you imagine, as a Home Owner, paying off your mortgage in 9 years? Can you imagine as a Developer, having access to thousands of dollars of equity at the swipe of a card, when the unexpected job delays occur? Can you imagine as an Investment Property Owner, being able to effortlessly weather a poor Rental Market?

Also know as the "Australian Mortgage, over 33% of Australians use this type of mortgage and over 25% of the UK does as well. For your own, over the phone Interactive Simulator Webinar, either call, email or check us on the web at: www.stevenardin.com today!

Posted by Steve Nardin on 07/11/2008 01:56 PM

Comments (12)

mortgage accelerator, mortgage, vacation rental, investment property, developers, home ownership accelerator

12 Comments on The Home Ownership Accelerator

JUL

2008

Welcome to active rain Steve, and congrats on your first post. What are the minimum fico score requirements and LTV?

Welcome to the group

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain. It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm

I have seen a similar program, and it seems to offer true savings. I wish you the best, and welcome to Active Rain!

Hey there! Welcome to Active Rain! THis is a great site for learning, as well as sharing. Check out some blogs (you can critique mine if you'd like!) and join some groups. Watch out though - if you're like me, you'll get addicted!

Have fun!

JUL

2008

Hi, welcome to Active Rain! I hope to see more of your blogs in the future. Learn from others, share your knowledge and experiences and enjoy yourself! Take care! ---Kirk.

JUL

2008

While there is some merit to these programs for a very specific, savvy investor, it is extremely rare to find that person in our business. People come to Mortgage Bankers, Brokers, and Loan Officers because they are generally in need of our financial help, and advice. Unless the client in question is one you have a great deal of knowledge of, and experience with, these products are most likely not for them. I see where the statement is made above that people can be trusted to not stray from the disciplined path required to succeed in this product. I believe statistics will show those few who have that level of discipline would be the "exceptions that prove the rule" rather than the norm.

My 2 cents comes in the form of 2 questions:

If these products really worked as advertised, why isn't everyone offering them? From the Banks point of view, we would rather get the money back quicker so we can "roll" it again. After all, we made acceptable interest on it while it lasted, and we make money off of money, so the more we can compound the funds the better.

Also, why is it that Macquarie Mortgage (one of the biggest "pushers" of these products) had to withdraw from the US? I understand they have a very substantial market share overseas (over one third of the Australian Mortgage market, and around 25% in the UK), but there is a significant difference in mindset (read - likelihood to save versus spend) for most Americans. The current US "service" economy has spawned a generation that has no predisposal towards savings, we not only want it now, we feel we are entitled to it now!

If the buyer/borrower really had the necessary discipline to succeed in this product, they would probably be able to proportion enough of their savings into other investment vehicles that would provide a higher rate of return than that realized from the interest savings on their mortgage. They would not only increase their rate of wealth accumulation, they would lower the risk involved, and be very happy to reap the tax advantages provided by the mortgage interest.

Ron Brown

First Mortgage Company of Washington

Steve.... welcome to AR...... but a question... this sounds awesome, paying down your mortgage to 9 years.

But do I have to change my spending habits to make this happen? Can you give me an example of a $300,000 loan amount, if I am making a P & I payment of $1,798 at 6.0% on a 30 yr fixed rate mortgage? With your program, how do I get it down to 9 years left that quickly? thanks, jeff

jeff belonger

Steve - I also welcome you to AR. What you see above is folks who will not only read & heed... but folks who will help you learn. In regards to the products & service in this post, Ron Brown puts it pretty articulately.

JUL

2008

Sorry for the delay, as I have been traveling out of state for a few days. I have never seen this kind of warm reception in any new gathering I have joined, which includes my last Family reunion. To answer a couple of your questions, the Max LTV is 80% and a minimum 680 credit score is required. Also, this is a full doc loan, but SIVA may be back in a few months. This actually does not require you to change your spending habits, seriously! By parking your income in the full service checking account until you pay bills, and making same payment to the mortgage as you are currently paying, you will pay off more interest in three months than you have in the last three years! That is why this program is so great for referrals!

Thinking about moving in 3 , great, you will make $50,000 more in profit because of the extra equity you will obtain.

What does everyone think about me having a Webinar and inviting all of you, where I would actually run an example through the Interactive Simulator to show exactly how this works. We could do this in ten minutes or so and then open up a Q and A.

Also, I will have time tonight to answer each question individually and check out some of your sites.

A sincere thank you to all of you for making me feel so welcome!!

JUL

2008

Thank you so very much for your insightful criticisms. This program definitely requires discipline because so much equity is freed up so quickly. Because of this, the program has stricter qualifying requirements than the the subprime or FHA mortgages that you are used to.

Also, the Mortgage Accelerator encourages you to "Park" funds where you will yield the best return, but unfortunately the Market doesn't currently offer anything yielding more than a 10% ROI. When you consider the fact that the Mortgage Accelerator more than doubles this, the writing's on the wall.

Again Ron, thank you so much for your insightfull criticism, it sounds like you are definitely on to something, but I very much encourage you to continue your research of the program on my website at www.stevenardin.com.

And how much does this special program cost? I've listened to a similar program and it was $3500 for the software.

It also made the claim that you wouldn't have to change your lifestyle but it came down to making an extra $1000 payment towards debt every month. If one were to simply send in an extra payment towards principle every month you could pay down the loan in about the same time. Just find a good free online mortgage calculator and you'll see how easy it is to pay off a mortgage if you send in more money every month.

I know, I have to spend a few hours listening to a presentation explaining why this ain't so. I'm sure your certification makes you much more qualified than I am on this subject but what I've seen before, it's all smoke and mirrors. Sorry to be negative but I felt so disappointed when I learned exactly how it all worked.

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