Mortgage debt is a source of stress for almost every homeowner. While owning a home is a dream for many people, the reality of paying down a mortgage is anything but, since the majority of the mortgage payment is usually applied to interest instead of principal. Lending institutions love this system, because the original amount of the loan is reduced at an infinitesimal rate. This system can result in total interest payments that are equal to the original cost of the home by the time the loan is paid. If you are tired of being held hostage by the mortgage industry, there is a better way.
Financial GPS – Debt Elimination Software is a great way to reduce the amount of interest you pay and maximize the impact of your payment on the principal balance. This is how it works:
- Open an account and deposit your paycheck.
- The account earns interest, creating more money to go toward debt reduction.
- The debt elimination software analyzes your personal financial situation, maximizing your cash flow and prompting you at periodic intervals to pay an extra payment. This system reduces principal and therefore interest owed on the principal balance.
It’s that simple. You have the power to reduce your debt at a faster rate without refinancing, moving your accounts, increasing your payment, or changing the terms of your mortgage agreement.
Financial stability is an attainable goal, especially when you are committed to doing everything you can to get there. Take steps today to ensure your family’s security. Create and stick to a budget. Research what your financial safety net should look like and begin setting it up.
Lenders and mortgage brokers have been handing out 15, 30, and even 40-year sentences. We are in the parole business. Would you like to get out in as little as 1/3 to 1/2 of your time? Contact us for more information on how to optimize the impact of your hard-earned money and reduce your debt.