All mortgage acceleration
programs are not created
equal.
- Some require a costly refinance.
- Some lock you into a big payment.
- Some are too slow and inefficient.
- Some are limited to mortgage debt.
- Some require lifestyle changes.
- Some compromise your safety.
The following comparison is based on a new 30 year
mortgage, $200,000 loan amount, 6 % APR, monthly
payment $1199.10. $1000 monthly discretionary income.
Plan Payoff Time Refinance Payment Other Live Lifesyle InterActive
Approximation Required Changes Debts Support Changes Dynamic
Bi-Weekly Plan
|
23 years |
No |
Yes |
No |
No |
No |
No |
|
15 Year Mortgage
|
15 years |
Yes |
Yes |
No |
No |
Yes |
No |
Money Merge Account
Program
|
10.4 years |
No * |
No |
Yes |
Yes * |
No |
Yes * |
Make extra principal
payments * |
14.9 years |
No |
No |
Yes * |
No |
Yes * |
No |
Australian ARM &
US Counterpart |
Adjustable * |
Yes |
Yes * |
Yes |
Yes |
No |
No |
Compare and Review Mortgage Acceleration Programs.
* No refinance of existing mortgage required.
* Live support refers to live system training, coaching, and support.
* Interactive refers to automatic adjustments to plan based on changing personal financial circumstances.
* The extra principal plan involves sending an extra $500 per month in addition to scheduled monthly payment.
* In the extra principal plan, the repayment of other debt would affect the payoff time of the mortgage.
* The Australian ARM and it's US Counterpart are Adjustable Rate Loans and payoff time depends on interest rate adjustments over the life of the loan.
Want to hear some good news for a change?
Give us one hour and we'll show you how to eliminate years of mortgage payments.
- We will input your current account balances and other financial information, analyze that data, and generate your payoff date.
- We will guarantee the results of your analysis in writing.
- We will provide a live demonstration the program.
Contact us for your free analysis and live demonstration!