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Tuesday, February 24, 2009

To Parents Who Want To Be Mortgage Free For Life But Not Sure How

By NeilV1001

What good is it to retire when you still have mortgage debt in retirement?

Do you Really Know What You Should Do Next?

Do you know the ins and outs of the stock market? Well for most of us we are only good at contributing money to our savings and 401k plans. And thats about it.

Do you consider yourself a financial whiz kid when it comes to investing in the stock market?

If not, dont be discouraged. It is not your fault you are not a specialist. It takes years of study and practice and that's what you pay a specialist for, to take care of your investments even if it is your 401 k.

The money you invest needs to have a clear goal in order to have a successful outcome. If you don't understand the stock market or financial investing, you are bound to lose your money quickly. The reality is, real estate is still the best investment you can make. Value may drop but unless you are selling the property, there is no loss to you. The trick is to use the Mortgage Free for Life system.

The Rewards of A Final Payoff

Its strange how we all have come to accept that we need to take 30 years or more to pay off our mortgages. The banks have created this 30 year amortization schedule that makes us believe that we have to make a payment for almost three decades. Just imagine owning your home faster without spending more or changing your lifestyle.

Paying extra towards your mortgage principal every month or biweekly is one way to eliminate your mortgage faster and reduce mortgage interest.

Do you really want to increase mortgage payments and leave yourself without every month? And what about that investing?

Are you in a position right now to spend more money each month to pay off your mortgage?

Dont forget that though you want to pay off your mortgage faster it makes financial sense to have a balanced portfolio and invest at the same time

Accelerating your mortgage payments is what the Mortgage Free for Life program is all about.

Eliminate Your Mortgage Not Your Extra Cash

The mortgage acceleration process addresses the fact that banks and lending institutions front load your loans with interest rates, very high interests rates in some cases. By using accelerated mortgage principles, you harness the power of paying less interest. Paying less interest means paying off your debt more quickly and becoming Mortgage Free for Life.

By using accelerated mortgage principles, you harness the power of paying less interest. Paying less interest means paying off your debt more quickly and becoming Mortgage Free for Life.

Applying the method of mortgage acceleration you can reverse the flow of interest paid to you bank. Instead of the bank applying more of your monthly payment to mortgage interest they happily will apply this to mortgage principal. And an acceleration system like Mortgage Freedom For Life could end up saving you thousands and eliminating your mortgage in record time.

The best way to find out if the mortgage acceleration program would work for your situation is to use a mortgage acceleration calculator. Just plug in the numbers and see how fast you can slash years of your mortgage.You may be tempted to refinance your mortgage to drop your monthly payments. It makes sense to do so when your mortgage rates have dropped. By refinancing itself does not make any difference to the term of the mortgage. The mortgage has to be repaid.

Life Without A Mortgage

One reason to pay off your mortgage would be to use the equity in your home to pay for your kids college education.

Another way could be to use the equity in your home to buy an investment property. Imagine having the ability to fund a deposit on an investment property, and earn a steady stream of cash flow for life.

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