Most of you reading this would answer the above question quickly and label your mortgage as a liability. After all, it is a debt, isn't it? But if there was more to it than that, or even if your mortgage could become one of your greatest assets. You may think I am crazy, but think about the concept for a while, then read on.

Traditional thinking places the mortgage clearly as a liability, a debt that should be paid off. Some even think that financial freedom cannot occur with a mortgage looming overhead, possibly because of the monthly payment required to maintain it. Money Merge Account and other mortgage acceleration advocates, especially the agents that sell these products, will encourage this thought process. In fact, they will entice you to join their clan even though their product only works as advertised if you use all of your discretionary income to pay off your mortgage as fast as possible, a belief that could actually do the opposite of what is intended, potentially sending you into foreclosure or bankruptcy, even both.

I am not going to give you the rundown as to why what I just mentioned is accurate, but you can click on MMA in the sidebar and review my posts on the subject and read where I have explained it before. I want you to focus more on the reality of the benefits derived from using your mortgage as a financial tool, an asset that can prove extremely helpful in obtaining financial freedom even faster than any mortgage acceleration program can accomplish.

Read more at Florida Mortgage Report