Just Released: Voted 2008 Editor’s Choice Award by Personal Real Estate Investor Magazine for most innovative client mortgage program!!! The Money Merge Account System is marketed in the US and will be released in the Western Provinces of Canada May 1, 2008!
As featured in 2007 Scottsman Guide and 2008 Mortgage Planner — property owners across America are paying down their property loans in 1/2 to 1/3 of the time with banking strategies that have been around for decades. This results in an accelerated equity position, tens to hundreds of thousands of cancelled interest dollars otherwise owed to the bank, and property ownership free and clear. Read on to learn about the MMA system and how it can assist you.
Why Repay Your Property Loan Early
Before you read on, here are a couple of results from my clients:
- $ 11,549.83 in cancelled interest dollars otherwise owed to the bank and property pay off in 9.3 years.
- $ 90,959.32 in cancelled interest dollars otherwise owed to the bank and property pay off in 13.9 years.
- $ 119,960.64 in cancelled interest dollars otherwise owed to the bank and property pay off in 9.4 years.
- $ 270,101.04 in cancelled interest dollars otherwise owed to the bank and property pay off in 9.4 years.When repaying a property loan , it’s not the rate you pay that’s most important. What matters most is the total amount of interest you pay over the term of your loan. Did you get that? It’s the total amount of interest you pay over the term of your loan. For example, a $ 200,000 30-year loan at 6% will actually have a total repayment of $ 431,677 – that’s $ 231,677 in interest. It’s not until year 21 that more of your monthly payment is applied towards the principal than the interest!
I hear objections – you’re planning to refinance or move so you won’t have a 30-year loan. Okay, so you’ve refinanced and locked in a great new low rate. But, you’re also restarting the debt interest cycle – from year one. And, until you move, for whatever time you are in your property, pay down the debt and accelerate equity (in most cases more than 1,000%) instead of just paying the minimum. Then, when you move, you’ll have a larger chunk of equity to tap.
I Can Do This Myself
This is another common objection. If you are one of the less than 1% of people that IS doing this, congratulations. Let’s say you are using the bi-weekly strategy. You can expect a loan term reduction of seven years maximum. With the MMA system, you can expect a loan term reduction of 7 years minimum with an average pay off in 10.4 years. Of course, the final outcome is based on a number of variables and your unique situation.
Do you own a car? If you had a major breakdown, would you take the time to troubleshoot, call for parts, wait for the parts to arrive, and then fix it? Or, would you take it to an expert who also provides a money back guarantee and will have you back on the road within a matter of hours? Same applies here. You could take the time and have a ton of spreadsheets with calculations that also figures out how each individual purchase affects your loan pay-off or you could update the MMA system in 10 – 15 minutes / month and get the same results.
How Does This Work?
Today you purchased a new washer and dryer for $ 1,000 on your credit card with 11.9% interest. You pay the balance off before or on the due date. How much interest did you pay? That’s right – zero! Now think bigger…..
The MMA system uses an interest cancellation account in the form of an equity or personal line of credit. By using the bank’s money (it’s the bank’s property until you receive the title) – the property’s equity – you can reduce the balance owing on your primary property loan while cancelling interest and accelerating your equity position. This means more of your money goes towards your principal balance each month, helping you repay your loan years ahead of your standard loan schedule.
Still Think You Can Do This On Your Own?
Optimum interest savings under this system is a delicate balance between your primary loan, your line of credit, your income, expenses, transfers, etc. If you transfer too much to your primary property loan, it can cost you more interest on your line of credit. If you transfer too little, it can cost you “lost” interest savings on your primary mortgage. This system assists you to reduce both the interest and time owing on your existing loan by strategically positioning your money where it can provide much more financial benefit and by functioning as your primary checking account – with money going in and money going out.
How Much Does it Cost?
If your loan officer said to you, “Hey Bob or Sally, I have a system that will pay your property off in 1/2 to 1/3 of the time, save you from paying thousands of dollars in scheduled interest, requires no additional monthly income, no refinance, and no change to your lifestyle. It only costs you 3 points on the balance of your loan. Are you in?” You’ may respond, “You bet! Where do I sign!” Three points on a $ 200,000 loan is $ 6,000.00 – from your pocket! The MMA system costs much less than this and also is backed by a money-back guarantee, can be transferred to subsequent properties, and can be funded using the bank’s money.
The right question to ask is “How much will it cost me if I don’t check it out?”. Here are a couple of results from my clients:
- $ 11,549.83 in cancelled interest dollars otherwise owed to the bank and property pay off in 9.3 years.
- $ 90,959.32 in cancelled interest dollars otherwise owed to the bank and property pay off in 13.9 years.
- $ 119,960.64 in cancelled interest dollars otherwise owed to the bank and property pay off in 9.4 years.
- $ 270,101.04 in cancelled interest dollars otherwise owed to the bank and property pay off in 9.4 years.
What Next?
Sound too good to be true? If I asked you to loan me $ 20 with the guarantee to pay you back $ 5 every week for the rest of your life, would you do it? Probably – because of the return on investment even though it sounds too good to be true.
Schedule a FREE phone consultation to determine if you qualify and or to learn more. Send an email to info@lessdebtnow.com before Wednesday, March 12th.
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