MaxHouse - Mortgage Savings 101

Those who understand interest, collect it; those who don't, pay it. - Albert Einstein
If we could honestly show you how to save hundreds of thousands of dollars in mortgage interest and pay off your home in 1/2 to 2/3* less time, simply by changing where you deposit your paycheck, would it be worth 2 minutes of your time to receive your Free Financial Analysis?
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Do you have a Mortgage Savings Account?
You soon will. Mortgage Savings Accounts are helping people to pay off their homes in 1/2 to 2/3* less time than traditional mortgages by combining your checking, savings and mortgage accounts into one and making good use of a concept called daily calculated interest. The amazing fact is that this can often be done with little or no change in income or spending.
Mortgage Savings Accounts were first created by the National Australia Bank when it decided to tie mortgages to checking accounts, offered daily interest calculation and did not penalize borrowers for increasing payments of paying in lump sums. In taking these actions, the National Australia Bank signaled its belief that a mortgage was a loan that should be paid off. From Melbourne the idea eventually migrated to New Zealand, England, Canada and America.
A traditional MSA is a single, variable mortgage account that is tied to a checking account. The main problem with the traditional approach is the variable nature of the mortgage. For good reason, many people are reluctant to have a mortgage with a rate that can change monthly.
Realizing this weakness in the traditional approach to Mortgage Savings Accounts, we have changed the traditional approach to make it easier for more people to use an MSA. Instead of having one MSA that covers the entire amount of the mortgage, a person's current first mortgage and a converted Home Equity or Personal Line of Credit is used to act as the MSA with specific features that have been identified to work within an overall system.
A Mortgage Savings Account offers the following features:
+ Repay your home loan in much less time, saving thousands in interest.
+ Online financial software determines how financial changes impact both your pay off and your financial future.
+ Clearly defined payment schedule determines payment times and amounts to optimize interest savings.
+ Four part financial seminar teaches you how to take control of your financial life.
+ Faster payoff can occur with little or no variation in how much you make or spend.
+ In most cases there is no need to refinance your existing mortgage.
+ Improves upon MSA's set up in other countries without the inherent risk of a variable interest loan.
Mortgage Savings Accounts are designed with plenty of flexibility to meet the various needs of persons in many different financial situations. The easiest way to discover if a Mortgage Savings Account will work for you is to take two minutes, fill out the information above and receive your Free Financial Analysis which will give you a rough estimate of how much money you can save in interest and how fast you can be completely out of debt. If you would like a complete, in depth review of your financial strategies, click here to receive your Free Personal Financial Profile.
We will never ask for any account numbers or codes - all we need are the account balances - which are kept completely confidential - and we can show you how much mortgage interest you can save and how quickly you can be debt free!
How it Works!
Do you really have to pay as much as 90% of your monthly mortgage payment to interest - leaving as little as 10% to pay down your principal?
Is increasing your payment the only way to pay off your mortgage early?
Is mortgage acceleration (paying more money toward principal) a good way to get out of debt?
The answer to all three questions is “NO” in most cases. Here’s why!
Mortgage acceleration – making extra payments to pay down principal - 1) Takes money out of your pocket, 2) Takes away your access to your money and 3) increases your risk.
Why? Because when you pay additional money toward the principal of your mortgage using mortgage acceleration programs you transfer money from your account into the bank’s account. You no longer have access to those funds unless you sell or refinance your house. This increases your risk because if you are injured or unemployed or for any other reason aren’t able to make your mortgage payment and the bank forecloses on your house, you could lose all of the equity you created by paying extra payments toward your principal.
So what should you do? We think you should pay your mortgage off as soon as possible to save hundreds of thousands of dollars in mortgage interest, but you should not pay money out of your pocket to lose access to your money and increase your risk by mortgage acceleration!
How is this possible?
By combining all of your accounts into one account.
Can it really be that simple?
Yes. It has worked for almost 20 years. In Australia!
In the U.S., all of our accounts are separated. Australians are able to combine their accounts into one. Australians pay an average of $100,000 to $150,000 less mortgage interest than Americans for the same mortgage.
Why? Because when your accounts are combined, everything deposited into your account lowers the principal balance of your mortgage.
In addition, Australians have access to all of their equity, which provides them with emergency funds to pay their mortgage and other living expenses for a time if they are injured or unemployed - or they can use those funds for other needs or investments.
Australians are able to dramatically lower the amount of mortgage interest they pay - Without taking extra money out of their pockets and without losing access to their money.
How does that help you? Mortgage Savings Accounts are now available in the U.S. which makes it possible to combine your accounts and realize the same benefits as Australians.
*This is not a guarantee. Pay off times vary according to your personal financial situation.
Click here to receive your Free Personal Financial Profile.
To speak with a Personal Financial Advisor immediately call(435) 669-2495.