Create Wealth Using Your Mortgage As the Cornerstone

Mortgage and Lending with Affordable Mortgage of Va.

Here is some sound investment advice. This works and it  works very well. The secret  to creating wealth using your mortgage  as a cornerstone is having money left over at the end of each month.

Lets take a look at a couple who borrows $250,000 and has a payment using  the Home Ownership Accelerator  Mortgage of $743.00 per month. (Yes that would be the current payment) Let's assume that this couple saves about 10% of their income each month and that their NET INCOME is $10,038 per month. Saving 10% of their income  means that they are putting  $10,038 into your mortgage account each month. At the end of  the month their principal balance will  be reduced  by $1,038.00  plus the average  daily balance is reduced as well. At that pace they would pay ther loan off in 8.9 years, save $260,776 in interest cost (as compared to a 6.75% 30 year fixed rate mortgage) and have an equivalnt interest cost of 1.44% if compared to a 30 year fixed rate mortgage.

Now lets look at the same couple. Instead of reducing their principal balance by $1038.00 each month they invest most of it  ($800.00) in other investments  yielding 8% over the next 13.5  years. In this scenario this couple would still pay off their loan in 13.5 years, save $225,563 in interest cost when compared  to a 6.75% 30 year fixed rate mortgage and have an equivalent interest rate of 2.19%.   In addition they would have a paid off mortgage and have an investment account with  approximately $79,000 dollars at the end of 13.5 years.

This can only be achieved by using the Home Ownership Accelerator as a mortgage product and having a positive cash flow. If your are a deficit spender each month this loan is not for you. If you are an individual who manages his/her money very well  this loan will help  you build  a greater  wealth and security than can be obtained by  using  any other mortgage product. The best part of it is this.............. YOU DON'T HAVE TO CHANGE YOUR SPENDING HABITS!

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