loans: HOMEOWNERSHIP ACCELERATOR...... WHAT MAKES IT SO GOOD? - 06/13/10 01:36 PM
Think about your mortgage as a triangle. One leg  of the triangle is the term, one leg is the principle balance and one leg is the interest rate. Each one contributes to the total cost of the mortgage.  If the interest rate is small,  one leg of the triangle may be shorter than the other two legs. If the principle balance is small, that leg may be shorter than the other leg, and that affects the total cost of the loan. I could go on but you get the picture. The point is that  the shorter you make each of the legs the smaller … (0 comments)

loans: HOME OWNERSHIP ACCELERATOR... ON ITS WAY BACK - 06/11/10 04:36 AM
Almost  three years ago I tripped over a loan product that I absolutely believe is the best mortgage product on the market..... for the right individual.  It has been dubbed the  Home Ownership Accelerator and it originated in Australia  and quickly spread to Europe where there is no subsidy for mortgage interest.  Consequently the mortgage pays off   very quickly. In many cases in half the time  or less based on a 30 year  mortgage term.
I  closed three loans  prior to October of 2008 and shortly after that the product was pulled from the market because investors (large  pension funds, … (3 comments)

 

John D. Laudenslager

Virginia Beach, VA

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Affordable Mortgage of Va.

Address: 4663 Haygood Road, Suite 210, Virginia Beach, Va, 23455

Office: (757) 464-0333

Mobile: (757) 679-5186

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