Debt Free Mortgage in as Little as 1/3 to 1/2 the Time!The words “debt free mortgage” might sound like an oxymoron to you. When buying a home, most of us have the full expectation that we are going to be in debt for 30 years or more. But with the tough economic times, it’s more important to eliminate personal debt as quickly as possible. This includes your mortgage. You can find tips for achieving mortgage freedom all over the place. These tips include:
Accelerated Mortgage PaymentsThe way this method works to help you achieve a debt free mortgage is by having you make bi-weekly mortgage payments instead of one monthly payment. This means over the course of the year, you are making 26 mortgage payments instead of 12. Sure, this can help you reduce personal debt, but be careful about jumping into this. Many mortgages are not set up for bi-weekly payments and some lenders even charge you fees to set it up that way. That’s not helping to reduce mortgage debt! Also, even though you’re making bi-weekly payments, some lenders only apply it once a month! So your bi-weekly plan toward mortgage freedom may not be working in your favor. Making One Extra Mortgage PaymentAnother tip towards a debt free mortgage is to make one extra mortgage payment each year. Some suggest applying a tax refund or work bonus directly to your principal. That’s definitely a positive step towards mortgage reduction. However, many lenders put rules around how many payments you can make per year. You also need to make sure you flag your extra payment so your lenders know exactly how to apply it. Because mortgages are typically set up on a monthly cycle, lenders might treat it as a regular payment and not apply the dollars in the proper fashion. Paying Extra Each MonthPerhaps the most common suggestion to achieving a debt free mortgage is to pay a little extra on your mortgage each month. The idea here is to increase the principal payment so you begin eliminating the overall personal debt. This is a very important debt reduction tip and it does work. But if you’re like the millions of people with excessive personal debt, where do the extra dollars come from to add to your mortgage payment? Plus, does that mean that you don’t have enough money to pay your other debts? It’s important to be cautious about this approach to a debt free mortgage. A Debt Free Mortgage IS Possible…In a Fraction of the Time!It is now possible to have a debt free mortgage in as little as 1/3 to 1/2 the time. The Money Merge Account™ system is an accelerated debt reduction program that helps you use your current income to eliminate personal debt as quickly as possible without having to scrape together extra money or worry about bi-weekly payments. At the heart of the Money Merge Account program is powerful debt reduction software that centralizes your income and expenses. The Money Merge Account system calculates the precise time to make a payment, and in exactly what amount, in order to maximize the payment made on principal. Doing so cancels future interest charges and gets you on the road to a debt free mortgage quickly. How Does this System Help You Get a Debt Free Mortgage?The Money Merge Account accelerated debt reduction software uses four debt reduction strategies to help you reduce mortgage debt quickly:
Find Out the Date You’ll Have a Debt Free Mortgage Right Now!Get your complimentary Money Merge Account analysis today and you’ll be able to see your mortgage payoff date using the most powerful mortgage elimination system. There’s no obligation. To make the Money Merge Account system work for you, you only need a checking account, a savings account and the powerful debt reduction software. You CAN achieve mortgage freedom in a fraction of the time!
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