A definition.....
Mortgage Accelerator PLUS is a money management stratgey that teaches smart and efficient money management, with a goal of eliminating all debts, especially mortgage debt in 1/3 the time. It is a "turn key package" that includes a workbook, instructions, and software that teaches ALL the particulars of using the program, HOW it works and why.
MAP is more than just an acronym, it is also a road map that guides you towards eliminating ALL mortgage debt and using the equity to build a real estate portfolio. "Teaching you to do more with the money that you already have" is our motto. |
Is it a biweekly mortgage program? NO. This is the most common question we get because many people are familiar with biweekly loans already. This is not a bad way to pay your mortgage, and it will work, but there are issues. The MAP program offers many more options and works twice as fast.
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NO - and yes. With MAP, ALL income is driven towards your mortgage, which is now merged with your checking account, so that all of the money is applied towards the principle as quickly and abundantly as possible. We call this feature "Money Maximizing", (AKA Paycheck Parking) and it is one of six components used in MAP. All expenses are paid from the mortgage as LATE as possible, allowing your money to "work" for you more effectively and reducing "daily interest expenses".
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NO. YOU have total control and all options.
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Your Home Equity Line of Credit (HELOC) will essentially replace your primary checking account. You will keep a minimal amount of money in your personal account and use your HELOC checks for most of your bills
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YES. We've done the math since this question came up years ago when HELOC rates were still quite low. Your HELOC interest rate can be 2.5 times HIGHER than the rate of your first loan and MAP still works to your advantage.
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Theoretically yes, but MAP is NOT a cure all for those with negative or marginal cash flow. It is fueled by excess income. As long as you make more than you spend, applied mathmatics will work to your advantage.
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If you have Positive Cash Flow, it's a mathmatical certainty that MAP will work. It takes no time to learn the basics, but there are nuances that become more clear as you understand it better.
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Absolutely. Imagine that your loan balance was reduced by 50% in 5 years (rather than 5%). You would have that much more equity than if you did things as "usual". That's why "hybrid loans", like 5 year ARMS work so well. If you knew that in 5 years your balance was reduced by half, would you care then if the rate became adjustable? (The answer is NO since your new payment would be based on the lower principle balance.)
It Sounds too good to be true, so it must be a scam, right? (our favorite question)
Here's a question for you. If we told you that if you paid on your 30 year mortgage for 22 years and you still owed 1/2 of what you borrowed, would you believe it? You should, because it's true. With a 30 year loan it is not until year 22 that the principle is reduced by half and MOST principle is paid off in the last 7 years. This is what we've been taught as "Normal", but it is not very smart or financially sound.
Our Program effectively takes that 30 year amortization chart and turns it upside down, so that you pay off most of your principal in the first 7 years (or less), NOT the last 7 years. Does it sound to good to be true? It probably does, but the techniques used are 100% legal, ethical, practical, etc..., but more important, they are EFFECTIVE, based on applied mathematics and designed to make your money work for YOU in a whole new way!
If you have questions that were not addressed here, dont hesitate to call or send us an email.
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