| Are you serious about saving thousands of | | | | the principal and not the interest. After |
| dollars in interest money? Did you get a | | | | one year of paying $1200 each month I would |
| good deal with your mortgage? Most people | | | | only have $2400 in equity from those |
| choose a mortgage based on one thing: The | | | | payments. |
| interest rate. They may take all of 30 | | | | |
| minutes deciding on a mortgage and then lock | | | | That $231,000 in interest actually was 115% |
| themselves into 360 months of payments. 30 | | | | interest. Not 6%! Call your banker and get |
| years of hard labor! | | | | the numbers for your own loan. You will be |
| | | | amazed! Of course this lead me into some |
| In the past when I have taken out a loan I | | | | checking around for something better. |
| always stop to multiply the payments by the | | | | |
| term, or the number of months. When I was | | | | What I found was a system of paying down |
| told I was approved for a 6% loan on $200,000 | | | | mortgages in 12 to 14 years. This system has |
| for my home I stopped to figure out what it | | | | in fact been in use for many years in England |
| really was going to cost. I multiplied my | | | | and Australia! It is not making two payment |
| payment of $1199.10 by 360 months and came up | | | | each month or even send a few hundred |
| with $431,676! Now, that seemed like a lot | | | | dollars each month. It is the combination |
| more than 6% to me. That was $231,676 in | | | | of powerful, easy to use software with a |
| interest alone! | | | | simple secondary account. Even though I |
| | | | knew my lender had made thousands of loans |
| I did some investigating and found that most | | | | and no one was complaining, I was just |
| buyers are tricked into thinking that 6% or | | | | shocked that my equity was building so |
| 6.25% is a good rate. Well, let's look at | | | | slowly. It is like I woke up from a dream! |
| that 6% APR loan. The truth is that loan is | | | | The system in other countries cutting |
| front heavy on interest. Check it out for | | | | mortgage time in half or in third is tried |
| yourself. Call your lender and ask how much | | | | and true. It is legal and a very simple |
| of your mortgage payment was applied to the | | | | concept that works with your existing |
| principal and how much was interest. Of my | | | | mortgage. There are no risks involved, no |
| $1199.10 payment, $1000 went to interest and | | | | roll of the dice and no out of pocket |
| $199.10 went to principal. I figured it out. | | | | expenses incurred by the home owner! |
| That equates to 502% interest that first | | | | |
| month. I could not believe it. I knew it | | | | The vehicle is called a Money Merge Account, |
| would get better. It had to! I asked my | | | | a powerful financial tool and software to |
| lender to break down the figures for me. By | | | | help you fulfill your dream of home ownership |
| year 15 I was still paying $1199.10. I was | | | | and save money for your future. The average |
| amazed to find out that $713 went to interest | | | | Money Merge Account customer will pay their |
| and only $486 to principal. I was still | | | | mortgage off 100%, in 1/2 to 1/3 the time, |
| paying 146% interest. | | | | with little to no change to their day-to-day |
| | | | spending habits and without increasing their |
| I found out that 6% meant 6% APR or annual | | | | monthly mortgage payments. It will save the |
| percentage rate. 6% per year over thirty | | | | average home owner tens or even hundred of |
| years was actually 180%. Why didn't my | | | | thousands in interest on their home loans. |
| banker tell me this? | | | | |
| | | | I now spend my days helping average people |
| This, I thought was trouble, because I knew | | | | build equity much faster and pay off their |
| by year seven or eight I would want to move | | | | home loans in less than half the time of the |
| to another home, just as most Americans do. | | | | traditional 30 year mortgage. |
| I knew that my equity was built by adding to | | | | |