Mortgage Checking Account

OK so hear I am.

I got my mortgage 2 years ago and it's a 30 year mortgage with a 6.0 fixed interest rate. With the way the economy is going I decided that I need to get this mortgage paid off fast.

I've heard a lot about the new ways to pay off your mortgage fast. Here are the options:

1. Pay extra each month on your mortgage payment
2. Bi-weekly payments
3. Do a debt roll-down and then snowball the extra cash into your mortgage
4. Use the new "HLOC" or Australian Mortgage system.

With option #1, I'm like most people where I just don't have a ton of extra cash to be putting toward my mortgage each month.

I found out that option #2 will only shave a few years off my mortgage. And I'm wanted to really get rid of this mortgage fast.

Option #3 is kind of like option #2 in how fast it will pay my mortgage off, and kind of like option #1 in that I would have to change my spending in a dramatic way.

So then I came across option #4. You have probably heard about these types of systems. There has been a lot of skepticism about them because they require a dramatic new way of thinking.

I'll try to explain it here quickly.

First you get a HLOC (home equity Line of Credit) or some other kind of line of credit.

Then you buy some software. (Most run about $3500)

Then, you use these two tools to turn the tables on the banks.

Just how do you do that?

Well first let me review with you what the banks are doing to you...

1. We deposit our paycheck into a checking account and don't earn any interest on it.
The bank gets to use our money interest free.

2. We pay interest on our mortgage 24/7/365.

When you look at it that way, you can see that the banks of conditioned us to make the odds of success highly in their favor.

Incomes the "Mortgage Checking Account"

This was designed in Australia and has proven itself over 20 years or so to work.

Simply put, they turn the tables on the banks.

1. Instead of paying your bills out of your checking account you pay your bills out of your line of credit.
2. Instead of depositing your check into a checking account you deposit it against the balance of your Line of credit.
3. The software helps you keep the balance low in your line of credit while telling you the perfect time to reposition money from the line to pay off your mortgage.

Doing this actually CANCELS out interest you would normally pay on your mortgage.
The average person will pay off their mortgage in 7-10 years.

After wrapping my head around this concept I decided to try it. This blog is going to detail how well it's working for me.

So far I've created and extra 10k in equity in my home in just 8 months. And canceled out over $40k in interest I would have paid, had I just made the regular payment.

Now there are quite a few companies offering this system now, so I had to do some big time research to figure out which one was the best.

There are even some Pyramid scheme companies that are selling this system.

After everything I found Sydney Financial Group. What I liked most about them is that there wasn't any Multi-Level Marketing involved and they were straight forward and honest. What was even better is that their system went well beyond just paying off your mortgage. They will not only show you how to get out of debt and pay off your mortgage in the fastest way possible, they will show you what to do with you money after you have paid off the mortgage to create LONG Term wealth.

Sound good? Here is there website where you can complete a simple form and be contacted:

Sydney Financial "Mortgage Miracle" site.


I'll keep posting here to talk about my experience. Feel free to ask any questions.

Thanks,

Ben