Have you ever dreamed what life would be like without a mortgage payment? This used to be just a dream for many until recently with the introduction of a money merge account. The money merge account can shorten your mortgage and reduce the amount of interest you pay over the course of the loan.
Money merge accounts are a way of subverting the filthy game of the mortgage. As long as you owe a bank even $1, you are not free. You don't truly own your own home. You only own your own home when you owe the bank nothing at all. Banks do nothing to earn the exorbitant amount of money that they get from a mortgage that is not paid off. You will pay the bank outrageous amounts of money in interest, and all the while if you fail to keep paying on time they can come take your house away from you. Yet, with a money merge account, you can do away with this ugly situation.
The money merge account require no refinancing of your existing mortgage. And, you will even be able to maintain your existing lifestyle. They will however accelerate you equity position, or it could even help you payoff your mortgage in a fraction of the time. As you build equity less of your money goes towards interest, and more of it goes towards reducing principal.
Christopher Cruise, a former mortgage broker who now trains people who write home loans, says, "One hundred percent of the people I teach in their late 20s or 30s have no idea what a mortgage burning is. This whole attitude of paying off the mortgage and owning the home free and clear is disappearing from the country...increasingly, it is a milestone that people do not expect to reach. A new AARP national survey, for example, found that among workers 55 and older with mortgages, about half doubted that they could pay them off before they retired." This is a very sad situation. It's deplorable, in fact. However, the money merge account makes this formerly common dream of the day of the holding of the mortgage burning ceremony a reality once again.
The money merge account uses a advanced line of credit (ALOC) to replace a checking and savings account. This helps to strengthen your financial position because it cancels interest opposed to the small amount of interest checking or savings accounts typically earn. Your money is now working harder for you, and it helps pay off your mortgage in a fraction of the time. The software not only allows you to save time and interest in repaying your mortgage, but it also helps to educate you on the implications of your financial decisions.
While the results of the money merge account are quite impressive, it will not work for everyone. You need to meet specific financial guidelines to qualify for the program. Many people can take control of their financial lives in a way that they have never experienced before and never would by using the money merge account.
This system that has been in place in Australia and the United Kingdom for the past 12 years is now a rising star in the United States. Every homeowner should see if they can qualify for a money merge account.
About the Author:
Before you make another mortgage payment check out how you can payoff your mortgage in a fraction of the time. Tom Piccirillo works with families showing them how they can save tens of thousands of dollars in interest using a money merge account.
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