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Even if you think you have the best mortgage, it's now obsolete. | |||
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This innovative and powerful loan uses the power of your income to slash thousands off the total interest you pay and chop years off the time it takes to pay off. All without changing your spending habits, or your access to the cash you earn. | |||
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How it works. Bank your money in your mortgage.
With the Home Ownership Accelerator, you direct-deposit
your entire paycheck into your mortgage, instead of your
checking account. This immediately reduces your
principal balance. Since interest is based on your daily
balance, you start saving interest immediately compared
to traditional loans!  Access your funds just like you used to. You pay all of your expenses out of your mortgage, just like you would with a traditional bank account -- using the unlimited checks, free ATM/Debit card, and free online bill-pay that comes with the account. Until you need the money, though, it's in your mortgage in the form of a lower principal balance, saving you 5-6% in mortgage interest, instead of earning 1% in a bank account. Less interest means that more of your take-home pay goes towards principal, and you pay off sooner. With no change to spending habits! If you haven't already, play The Movie: How it Works to find out why this loan is so powerful. ( Need Flash player? ) How effective is it? If you're an average borrower with good cash flow,
you could pay off an average sized loan in as little as
half the time – with no changes to spending
habits. See the answers to Frequently Asked Questions that customers often have. Specifications. | |||