Pay off your mortgage in 1/2 the time with no change to your spending habits

By
Mortgage and Lending with Affordable Mortgage of Va.

Paying off a 30 yr or a 15 year loan or any kind of long term financing is not fun. Every month you write the check for the payment amount and watch your mortgage balance drop by almost nothing.  If you have some extra money you could put it toward the principal balance but what if you need it later. You can't recall those dollars.

Along comes  the most remarkable mortgage product........... ever for the "responsible adult" in the Home Ownership Accelerator.  Here is a product that acutally makes paying your mortgage  each month a pleasure. Why, because your payment is actually deducted from your checking account because your mortgage account and your checking account are one.

Here is how it works,

You deposit your income directly into your loan,

Therefore YOUR average daily balance is less

Therefore, YOU save interest,

Therefore, You have more money for principal

Therefore, YOU pay off faster

Notice how your spending habits did not change

You actually save in two ways. The money you deposited saved you interest untill you spent it and the money you didn't use reduced your principal balance immediately. It sounds too good to be true but  this really does work for the  the repsonsible adult". Your mortgage pays off unbelievabely fast!

Comments (3)

The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

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

Jun 04, 2008 09:30 AM
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

Welcome to Active Rain and congrats on your first post.  Be sure to spend some time looking around at what and how others are blogging here.  It is a great education and lot s of fun.  Looks like you're off to a great start...keep it up!

Jun 04, 2008 10:53 AM
Kirk Westervelt
Van West Realty - Greenville, SC Realtor -Short Sale Expert! - Greenville, SC
Kirk Westervelt, Broker In Charge, Van West Realty - CDPE - Short Sale Agent - Home for Sale - Greenville, Simpsonvil...

Hello,

I would like to welcome you to Active Rain!

I hope to see more of your blogs in the future!

Educate us, learn from others and don't forget to have a little fun while you're at it!

Take care!

Jun 04, 2008 01:07 PM