Find The Monthly Payment Needed To Amortize A Principal Formula Payoff Your Mortgage – Use the Fastest Method Without Cutting Into Your Paycheck

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Payoff Your Mortgage – Use the Fastest Method Without Cutting Into Your Paycheck

I’m guessing that by now you’re thinking, “Hey, I pay my mortgage bill on time. I have a good rate on my mortgage and there’s no reason to do anything more.”

Well, I hate to break it to you, but you won’t feel like you’re paying more on your mortgage than you should. This happens because some of those who go to the bank are very sophisticated.

The current mortgage system is designed to squeeze as much money as possible out of you…

Warning: You are at a serious disadvantage because mortgage companies charge interest for as long as possible without clearly informing you of all the steps you can take to change it.

The current system requires your payments to follow an “amortization schedule,” which forces most of your money to go toward interest.

In the first five years, you could spend five times more on interest than on mortgage principal – and that’s a huge chunk out of your paycheck! So if you make $12,000 in principal payments, you’ll spend $60,000 in interest. Unbelievable! Visit www.bankrate.com for a simple calculation

And when you move, the bleeding starts…

Banks know you’ll probably move or refinance again in 5 years, and then the cycle of paying more interest starts all over again.

It takes years to reduce your loan balance by a small amount – how unfair is that?

How many years have you been paying off your mortgage and are you really ahead?

But how to fight here…

You’re going to love it… there’s an improved method you can use to lower these interest payments.

The way to do this is simple. Apply your monthly mortgage payment to principal instead of interest without changing your repayments or refinancing your mortgage.

For example, if you pay $1,200 toward your monthly mortgage payment, $1,100 goes toward interest and $100 goes toward principal early in the life of the mortgage.

You can pay more in principal, less in interest… and that’s perfectly fine with the bank!

Hold on to your seats, because now there’s a way to apply $900 toward interest and $300 in principal without changing your lifestyle or paying anything extra…and the best part is that banks will gladly accept it!

This method has been around forever but no one has figured out how to use it.

until now.

Don’t you want to shave 13 years off your mortgage? You can! Here’s how…

Your mortgage can be paid off in half to a third of the time. Most of our customers save at least 13 years off their mortgage without paying more.

And no, you don’t have to refinance or take out another mortgage; Just have an open mind and a willingness to solve a simple math problem!

The concept is really simple. All you need to do is use a mortgage checking account the right way. Once you set it up you start allocating more of your payments to principal instead of interest and can pay off your mortgage much faster. On the plus side, banks happily accept this.

Here are 7 basic steps you need to follow:

1. Calculate your personal “HELOC Number”.

2. You set up a home equity line of credit (HELOC) for a Heloc number.

3. You pay your bills and mortgage on time.

4. You transfer money to your HELOC at the right time.

5. Your bank takes care of the rest—and they’re happy to do it!

6. Create a spreadsheet to make sure you stay on track.

7. …and you pay off your mortgage 13 years sooner than usual, and save an average of $67,636 in cash!

You don’t have to change your daily spending habits or your lifestyle to take advantage of this concept. This is a great, smart way to pay off your mortgage.

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