australian mortgage: Mortgage Acceleration Programs Explained
- 07/19/08 08:08 AM
With the decline in the Real Estate Market a small roar has begun to erupt regarding Mortgage Acceleration Programs. There are several new concepts hitting the American Market regarding Mortgage Acceleration that are getting a good deal of attention. Before taking a leap and investing in any type of Mortgage Accelleration Program it's important to understand just what Mortagage Acceleration is, and what it isnt? So, What is Mortgage Acceleration? Mortgage Acceleration is simple a process of making extra payments towards the principal balance of your mortgage. A typical mortgage is set up so that the borrower pays more interest at the … (0 comments)
australian mortgage: The Difference between Open-ended and Closed-Ended Loans
- 07/19/08 07:58 AM
It occurred to me, as I was writing my blog post on Mortgage Accelerator Programs, that an explanation of the differences between Open Ended and Closed Ended Loan products might be helpful. Open Ended Loans: are loans that allow you to put money in, (make a payment) and take money out (make charges or cash with-drawls). These loans have credit limits that you cannot exceed without penalty. They are flexible loan products that provide the consumer with options. On an open ended line of credit you only pay interest if a balance is kept at the end of the statement period. One … (0 comments)
australian mortgage: What is an Australian Mortgage
- 07/19/08 07:46 AM
Over the past year a new phenomenon has hit the the United States from the world Down Under. It's called an Australian Mortgage and refers to a financial strategy that's been used in the Australian and European markets for many years. The purpose of the Australian Mortgage is to decrease the amount of interest that you pay on a mortgage while increasing the amount of principal that you pay towards the mortgage. The net effect is that you can own your home free and clear in 1/3 to 1/2 the time it would take to pay of a traditional 30 year mortgage. … (1 comments)
australian mortgage: The Difference between Open-ended and Closed-Ended Loans
- 12/07/07 08:08 AM
It occurred to me, as I was writing my blog post on Mortgage Accelerator Programs, that an explanation of the differences between Open Ended and Closed Ended Loan products might be helpful. Open Ended Loans: are loans that allow you to put money in, (make a payment) and take money out (make charges or cash with-drawls). These loans have credit limits that you cannot exceed without penalty. They are flexible loan products that provide the consumer with options. On an open ended line of credit you only pay interest if a balance is kept at the end of the statement period. One of … (24 comments)
australian mortgage: What Is an Australian Mortgage?
- 11/01/07 07:34 AM
Over the past year a new phenomenon has hit the the United States from the world Down Under. It's called an Australian Mortgage and refers to a financial strategy that's been used in the Australian and European markets for many years. The purpose of the Australian Mortgage is to decrease the amount of interest that you pay on a mortgage while increasing the amount of principal that you pay towards the mortgage. The net effect is that you can own your home free and clear in 1/3 to 1/2 the time it would take to pay of a traditional 30 year mortgage. … (54 comments)
This Blog is my voice on the political, financial and social implications of debt. My goal is to encourage my readers to think outside their own personal reality and to challenge the social and political truths we have been taught about money, finance and our "free market" economy.
With the decline in the Real Estate Market a small roar has begun to erupt regarding Mortgage Acceleration Programs. There are several new concepts hitting the American Market regarding Mortgage Acceleration that are getting a good deal of attention. 
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