RETIRE YOUR MORTGAGE BEFORE YOU RETIRE A SURE THING IN CREATING EQUITY!

An increasing number of baby-boomers seem resigned to the fact, unlike their parents; they will be making mortgage payment well into retirement. If you look at statistics, you can see where this anxiety comes from. The average age of a person with a 30-year mortgage in California is 45 years old. Unless these people sell their home or pay off their loan early, their last mortgage payment won’t be made until they are 75 years old! And to pay off that loan early isn’t easy, because the borrower has to make significant changes to the family budget to squeeze in the extra principal payments.
Thankfully, there is now a better way to retire mortgage-free.
Use CMG’s revolutionary Home Owner Accelerator loan to accelerate paying off your home loan without changing your family budget. You simply deposit your monthly paychecks directly into this innovative line-of-credit; reduce your loan balance until you pay your bills. While you aren’t using the deposited money it keeps your principal balance lower, which can save you thousands of dollars of interest over time. The money you save remains in your account, further reducing your balance. So, just by changing where your deposit your income, you can pay off your loan years earlier with no change to the family budget. A recent article in the New York Times noted the arrival of the Accelerator as a viable financing alternative.

“For borrowers who cannot face the prospect of paying more interest than principal over the course of the loan, mortgage lenders have begun to offer alternatives more aggressively.”

If you want to further accelerate the pay-down of your loan balance without changing your family spending habits, consider parking your “rainy day” money in the account. Your rainy day fund is probably sitting in a low-interest bearing savings account or CD. Switch that money into the Home Owner Accelerator account, and the money will immediately reduce your loan balance, saving you even more interest. And you haven’t lost access to your rainy day fund: You can tap into it instantly by writing a check or using your debit card. Until that rainy day comes, however, your cash is working aggressively to help you pay down your loan faster. Which means, even if you’re a baby-boomer, you can actually retire mortgage-free! While this sounds too good to be true, this loan is for real! If this sounds intriguing enough to discuss in greater detail, watch a short videohttp://www.homeownershipaccelerator.com/consumers/promo2007-video.shtml and give me a call.

Equipoint Financial
Mortgage Solutions
Brad Simpson
Office: 623.932.3554
BradSimpsonLoans@yahoo.com