If you haven't heard it yet, there are two sides to every story. Perhaps by reading this article, you can make sense of the Facts for your specific situation. The facts are that the average American Homebuyer is paying their Lender about $60,000 more than necessary.
With this fact in mind, there are many "know-it-all" advisors out there who can tell you everything there is to know about mortgage acceleration and prepaying a mortgage on your own. In fact, I a recent conversation with my neighbor, she was very aware of what mortgage acceleration programs were, however she was more adamant that she could do it herself without ever having to pay for the information. Have you ever tried to make Blueberry Muffins without a recipe?
In theory she was correct, there is generally a small investment to purchase the recipe on how to accelerate your mortgage. My neighbor was also right in the fact that she could do it on her own. I shared with her that she was very informed on the subject, and then I asked her "Have you ever sent any additional money to your lender in an effort to prepay your loan"? She quietly replied with a soft "No". Once you have the recipe, you can payoff your mortgages in lightening speed . . . for the rest of your life!
Over the past many years, I have heard that same scenario over and over again. It pains me that there are so many people like my neighbor who "know-it-all", yet keep forking over unnecessary mortgage interest month after month and year after year. If you want to stop overpaying your lender right away, watch the free video below.
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