Posted on: 30th Aug, 2008 05:16 pm
There is a new way to pay off your mortgage without having to refi or make extra payments every month. All you have to do is what you're doing right. You will be able to pay off your mortgage in 1/3 - 1/2 of the time without drastic changes to your everyday life. Sounds great doesn't it?
Here is a website link where you can learn more and receive a free financial analysis to see how this system could benefit you: "http://www.PaidOffMyDebt.com"
[size=9:624ea8965d][color=Red:624ea8965d][Link deactivated as per forum rules. Thanks.][/color:624ea8965d][/size:624ea8965d]
Here is a website link where you can learn more and receive a free financial analysis to see how this system could benefit you: "http://www.PaidOffMyDebt.com"
[size=9:624ea8965d][color=Red:624ea8965d][Link deactivated as per forum rules. Thanks.][/color:624ea8965d][/size:624ea8965d]
Welcome bmead,
It does sound great if one can pay off his mortgage in 1/2 the time. But frankly speaking, your post looks like more like an ad.
It does sound great if one can pay off his mortgage in 1/2 the time. But frankly speaking, your post looks like more like an ad.
Accelerated mortgage reduction programs are not new. However, in the last few years a few MLM programs have come out charging up to $3K to show you how to payoff your mortgage early, and not spend any extra per month.
In essence your extra money at the end of the month is applied to the balance instead of savings. Most people dont have that extra money. To cut the time in half is a stretch and misleading.
However you can payoff your mortgage early with a simple no charge plan:
1) Get a 15 or 20 year mortgage instead of a 30 year. That way the discipline is built in the payment to be paid off.
2) $150 extra a month on a 30 year $200K mortgage will shave off about 7 years. $300 a month about 12 years off.
3) Have your mortgage company withdraw the same amount from your bank with the extra every month.
In essence your extra money at the end of the month is applied to the balance instead of savings. Most people dont have that extra money. To cut the time in half is a stretch and misleading.
However you can payoff your mortgage early with a simple no charge plan:
1) Get a 15 or 20 year mortgage instead of a 30 year. That way the discipline is built in the payment to be paid off.
2) $150 extra a month on a 30 year $200K mortgage will shave off about 7 years. $300 a month about 12 years off.
3) Have your mortgage company withdraw the same amount from your bank with the extra every month.
thank you matt - no need to go out and purchase someone else's plan when one can accelerate payments on one's own, as you've noted.
There are a few programs that do make it possible to own your home in about 1/2 to 1/3 the time. They use a system of mathematical equations to figure out how to do it thats tailored to each persons indivudual needs. Its really not a scam and should be seriously considered by anyone that wants to be debt free. I use one of these programs and thisngs it does for me I couldn't do on my own.