Home Loans
How To Be Mortgage Free In 6-10 Years Or Less With Little Change To Income or Spending Habits
(presented by www.refinance-refinance.net - mortgage lenders)
By Ed Bisquera
Ariel Metekingi knew there was a way to pay off debts and a home mortgage quicker
than what was being offered on the US market. Living in New Zealand where
homeowners pay off their homes and are debt free on an average of 6-10 years, he
experienced how a flexible mortgage account worked there and in Australia.
“I was surprised to find that Americans, generally considered worldwide leaders and
innovators, are laboring with archaic mortgage programs where the major face-lift
has been bi-monthly mortgage payments and the second mortgage,” says
Metekingi. “I found that the American Mortgage industry was seriously lacking in
some of the wealth building mortgage and financial principles that have become so
prevalent in New Zealand and Australia.”
The flexible mortgage account Metekingi is referring to is now available in the US,
based on a 30 year+ proven Australian industry standard and model in use by over
a third of homeowners in that country. It was later introduced to the New Zealand
market, where homeowners achieve similar results; paying off their debts and
mortgage on average of 6-10 years.
This powerful new tool to combat the current financial plague of debt in America
combines a mortgage and a full-service bank account. The new “all-inclusive” type
loan creates huge savings in interest payments and loan payoffs in one-half to one-
third the time requiring little to no change to current spending habits or income.
Several companies, including CMG Mortgage and MacQuarie, are the frontrunner in
the mortgage industry, offering the innovative flexible mortgage account loan option
to consumers. CMG’s Home Ownership Accelerator has been available on the US
market since early 2005.
How does it work? Homeowners deposit income and other assets into the new
flexible mortgage account and since it allows access like a checking account, expenses
are paid out from it by check or ATM card. The fundamental part is, when the
homeowners’ money isn’!
t being
used it sits in the mortgage account reducing the
daily loan balance on which interest is computed. This saves on average hundreds
of thousands in interest over the life a typical loan. Less interest paid means more
money for principal, so the homeowner builds equity faster and owns their home
sooner.
financial health,” says Ed Bisquera, loan officer for Mortgage Express. “With this
program, a homeowner can combat the financial cancer known as consumer debt
plus current mortgage options and it allows the homeowner to reach their goals
sooner in life, rather than later. This isn’t a mystical trick of numbers; it is simply
taking away the interest spread banks earn and gives it back to the homeowner.”
Is this new loan product and system for everyone?
Yes, if you can achieve the simple disciplines of budgeting and currently have
positive cash flow or are willing to review your budget to recover funds to create
significant positive cash flow. You must be coachable and allow your goals to dictate
your plan of action. If you’re willing to do that, the payoff is unlimited and getting
rid of debt and your home mortgage in 6-10 years is no longer a dream, it’s a
reality.
“The ability to be mortgage free within 6-10 years, quickly eliminate consumer debt,
and free up existing income to start a significant investment program for the future
is a now a reality. This can all be possible without requiring any additional income
or reducing standard of living. The flexible mortgage account has
empowered the individual in New Zealand and Australia to positively impact their
own financial destiny in ways, which traditionally, many could not otherwise
achieve,” says Bisquera. “It is now available for the US, to achieve the same level
of financial success and freedom, already experienced and proven in these
international markets.”
Author Ed Bisquera is currently a loan officer for Mortgage Express and has worked as an event planner, music producer and marketing director for Fortune 500 companies like Sony Records and Microsoft.
For more information on how you can be debt-free and pay off your home mortgage
in as little as 7 years, and experience the savings with a flexible mortgage account visit
http://www.PDXLoan.com/12/ .
For articles, interviews and consultation, call 1-800-862-0784 ext 21.
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For additional Mortgage Refinancing information
and resources visit Mortgage Refinancing.
(http://www.refinance-refinance.net)
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