Cindy’s Other Blog

Would you like to pay off your mortgage in half (or more) of the time, without having to make more money than you do currently? If you have a mortgage, I think your answer to this question is a resounding “YES”. There is a new, guaranteed, do-it-yourself accelerated mortgage payment system that will allow you to do just this. With this new do -it-yourself accelerated mortgage payoff system, you implement it yourself, you regulate it yourself and there are no huge upfront fees that you must pay to implement this system.

A 30-year, 15-year or any other kind of mortgage can be accelerated and paid off quickly with this system. The mortgage can even be interest only. The beauty of this system is that it does not affect your existing cash at hand. You do however, need to obtain a Home Equity Line of Credit (HELOC) to implement the AMP.

Once you obtain, a HELOC you will use it just like you would a checking account. Instead of having your income sitting in a bank you will be using it to cancel out incredible amounts of interest on your mortgage. As a bonus, this system can also be used to eliminate all your debt such as credit cards, cars, medical bills, student loans, vacations, time shares etc. Simplified, there are 7 basic steps to implementing this do-it-yourself accelerated mortgage payoff system:

1) Apply for and receive a Home Equity Line Of Credit from a bank;

2) Deposit all your monthly income checks into your Home Equity Line Of Credit;

3) Your mortgage loan and other bills are to be paid from the Home Equity Line Of Credit;

4) Borrow from your HELOC to pay your bills for the month;

5) The subsequent month, use your monthly income to pay the HELOC down to $1. Borrow enough again to pay down your mortgage and all other monthly debts for this month;

6) Pay all your bills from your Home Equity Line Of Credit the following month;

7) Continue repeating this pattern until all your bills are paid off.

One Dollar, $1, will keep your Home Equity Line Of Credit open. Paying it down every month to $1 will minimize the monthly interest which is calculated on the daily balance outstanding. If you implement AMP, your mortgage and other bills can be paid in a fraction of its originally scheduled time.

The HELOC interest amount charged over time is much less that what is paid on a traditional mortgage. This is why AMP works.