The software uses a line of credit as the vehicle to pay down the interest on the primary mortgage. This strategy has been used in other countries, but it remains relatively unknown here in the United States. The line of credit works like a sweep account, an account that many companies regularly use.

When you examine a typical 30-year mortgage, the majority of the payment in the early years goes towards interest. In fact, it is about 19-20 years before the majority of the payment goes towards principal. Most people move or refinance before this occurs. Banks are making money from the interest that is being paid. They do not want the consumer to know how to pay less in interest.

With the record number of foreclosures that are occurring today, consumers need to find a better way of dealing with debt. A mortgage is the largest debt of many people. In the past people would have a mortgage burning party when they finally paid off their mortgage. Today, most people in their 20’s and 30’s have never heard of a mortgage burning party. The sad fact is that only a few people will payoff their mortgage.

In addition to the housing crisis, we have the sky rocketing costs of healthcare. In the past it was thought that when a mortgage was paid off that the money that was used to pay the mortgage could be used for additional healthcare costs. Most Americans will not have the luxury of those funds.

Americans need to learn how to get out from under the enormous weight of debt. Most people do not have a budget. One of the great aspects of the software is that it works for anyone as long as they earn more than they spend. Someone would think that to payoff your mortgage you would need great financial discipline, but in fact the program will work with no change in lifestyle. Another benefit of the software is that the consumer does not need to refinance their existing mortgage

Contact:

Tom Piccirillo
Advantage Marketing & Promotions
419 494-4098  http://www.loananger.com