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Mortgage Refinance Information

Money Smart Homeowners Use this Mortgage Strategy Every Time


There are currently more than 50 million home mortgages in the United States today. So why aren't more homeowners taking advantage of the highest yielding lowest risk, tax-free financial strategy available today?

Let me ask you.

Where can you.......

? Forego only $3.35 in tax savings (three dollars and 35 cents)

? Invest $350 over the course of 12 months ( three hundred and fifty dollars)

? Get a return of $3,300! (That's Three thousand three hundred dollars)

$3300 for $353.35?

It's certainly not the stock market, pork bellies or even currency trading.These vehicles are all highly leveraged high risk speculations in which the vast majority of the participants lose money, Lots of money.

So what is this low risk high return tax-free strategy?

Well, it's right in front of your nose. In fact this is so close to home that you may have never even realized the life altering benefits you can achieve.

It's called The Bankers Secret otherwise known as equity acceleration or mortgage principal pre-payment

Several years ago author Mark Eisenson wrote the best selling book titled The Bankers Secret which effectively blew the lid off of what most bankers were all too happy not to talk about. The strategy of pre-paying mortgage principal in order to accelerate equity gain.

It's no wonder they weren't talking. In our example above simply by paying an extra $350.00 on your mortgage in one years time $3300.00 in future interest is saved. Thats quite a savings, wouldn't you agree?

Years ago you could only learn of this by having a banker as a relative or by attending an expensive seminar.

Just imagine how much interest you will save while at the same time substantially cutting down the number of years it will take to pay off the mortgage.

But it gets even easier. Pay your mortgage on a bi-weekly basis (perfectly legal) and you will be astounded at the number of years you can shorten the mortgage while hardly noticing the change at all. This is the perfect strategy for those who feel they just can't afford to pre-pay a mortgage. Truth be known you really can't afford to miss this opportunity.

Since the publishing of The Bankers Secret many have embraced this deceptively simple and incredibly safe wealth building strategy. You may even have read the book and be familiar with the strategy. So the question begging to be asked is......

Why aren't you doing this?

There are several reasons most people don't begin an equity acceleration program but when you really analyze these you come to know that they're really not reasons at all, they're actually misconceptions.

See if any of these "reasons" sound like yours.....

? It sounds too good to be true

? I can't afford to pre-pay

? I'll lose my biggest tax deduction

? My banker will resent me if I pre-pay

? My banker will subtract my pre-payments from the back end of my loan

? I can get a better return on my money some place else

While many people use these as reasons not to get started the undiluted truth is that all these "reasons" are 100% false!

You can do this.

Start an equity acceleration program today and you will be years ahead of your friends at your very first mortgage burning party..

Remember this: When there is nothing to lose by trying and everything to gain then by all means try!

Randall Madon is a business owner who is also a Homeowner. He uses a totally free equity accelerator software program. You can use it too. Download your free copy athttp://mortgagesavers.has.it


MORE RESOURCES:

CBC.ca

Pros and Cons of a Mortgage Refinance
FreeRateUpdate.com
Many homeowners are jumping on the opportunity to save money with a mortgage refinance at the current low mortgage rates. With mortgage rates at historically low levels, some homeowners have refinanced more than once in the past several years which is ...
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Lenders say mortgage refinance deal will bolster Manatee market
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By JOSH SALMAN - jsalman@bradenton.com MANATEE -- A new refinance program to help underwater homeowners will uplift the local economy by putting extra cash into the pockets of those who will spend it, area lenders predict. The deal struck with five of ...

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Mortgage-refinance bill a dangerous deal
Arizona Republic
by Robert Robb, columnist - Feb. 10, 2012 12:00 AM State Sen. Michele Reagan wants to help out underwater homeowners in the worst way. And she has succeeded with SB 1451 -- it's hard to imagine a worse bill. Reagan proposes to establish a state agency ...

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Housing Wire

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WASHINGTON – President Obama is rallying support for his plan to expand government assistance to homeowners, pressuring Congress to help lower lending rates for millions of strapped homeowners. Obama, in his radio and Internet address Saturday, ...
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MonitorBankRates.com

Mortgage Refinance Rates: 15 Year Refinance Mortgage Rates at 3.29%
MonitorBankRates.com
Mortgage refinance rates on 30 year conforming home loans are averaging 3.98%, unchanged from yesterday's average 30 year mortgage refinance rate. Mortgage refinance rates today on 15 year home mortgage loans are averaging 3.29%, down from yesterday's ...

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Fox News

Obama Proposes Mortgage-Refinance Plan
Wall Street Journal
By NICK TIMIRAOS President Barack Obama called on Congress during Tuesday's State of the Union address to approve new legislation that would give all homeowners who are current on their mortgages the opportunity to refinance at record low mortgage ...
Will Obama's Mortgage Refinance Plan Be D.O.A.?U.S. News & World Report
Obama proposes mortgage refinance programPolitico (blog)
Obama proposes new mortgage refinance programHousing Wire
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Harney: Reviewing Obama's mortgage refinance plan
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Though it was pronounced dead-before-arrival by opponents on Capitol Hill, President Obama's new mortgage-refinancing package contained... By Kenneth R. Harney Mortgage refinancing is an outstanding plan particularly as the home mortgage rates are.

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International Business Times

FOX 11 News Discussion: State of the Union
MyFox Los Angeles
And he aimed a pitch at homeowners, announcing a new mortgage refinance program with "historically low interest rates" that "gives every responsible homeowner the chance to save about $3000 a year on their mortgage." He added, "A small fee on the ...
Winning Words, But Not a WinnerU.S. News & World Report
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CBS Local

Six Questions on Obama's Mortgage Refinance Proposal
Wall Street Journal (blog)
By Nick Timiraos President Barack Obama said Tuesday night in his State of the Union address that he would send a plan to Congress to allow all homeowners who are current on their mortgages to refinance. Here's a quick look at the proposal: How is this ...
Obama plan could help refinance Bay Area mortgagesSan Francisco Chronicle

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Bloomberg

HARP Refi May Delay PMI Cancellation
NASDAQ
The federal HARP mortgage refinance program can be a huge boon for underwater homeowners. But if you have PMI, there's a little hitch you should know about. While refinancing a mortgage through HARP can cut your interest rate and save you money, ...
New HARP Could Help Up to 6.7 MillionMortgageLoan.com

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