What if I told you there was a new home loan program that could help you save thousands of dollars in interest while paying off your mortgage in half the time? What would your response be?
- "There must be a catch."
- "Is this some multi-level marketing scheme?"
- "It sounds like a scam to me!"
I can assure you that none of the above apply. This loan program is a new and truly revolutionary product that can have a dramatic impact on your financial status. It's not MAGIC, it's MATH!
The loan I am referring to is the Home Ownership Accelerator (HOA). As the name implies, the HOA has been designed to help you pay off your mortgage as quickly as possible. The HOA gives you the potential to . . .
- pay off your loan in half the time and in doing so
- save you tens of thousands of dollars in interest charges
- all without changing your spending habits
I know it sounds too good to be true, but if you take a few minutes to understand how it works, I think you’ll see the logic and appreciate that this is no gimmick. The key to this loan is the combination of your mortgage and your checking account into one financial instrument, a first position line of credit. In simplistic terms . . .
- Instead of depositing your income into your checking account
- You will deposit your checks into your loan
- Therefore, your daily balance will be less
- Therefore, you will pay less interest
- Therefore, more money will be applied toward the principal balance
- Therefore, you will pay off your loan faster
This can be accomplished with no change in your spending habits. The only change is where your paycheck lands and from where your expenses are paid.
The HOA is designed to make it easy for you to reduce your loan balance by applying available cash to the loan balance, whether for a day, a week, a month or until the loan is paid off. By doing so, you'll minimize the amount of interest you pay. At the same time, since the loan is a first position line of credit, you'll be able to pull money out of your HOA account for both day to day and extraordinary expenses. Your line of credit is available using unlimited checks, debit card, ATM card and electronic transfer. Meanwhile, you achieve maximum pay-down and maximum savings.
To learn more about the HOA, spend five minutes with the HOA Movie. This introductory slide show will help you appreciate the power of the Home Ownership Accelerator.
For a more detailed analysis of how fast you're likely to pay off your loan with the HOA, spend a few minutes with the HOA Interactive Simulator. It enables you to evaluate in detail the impact of different purchase, rate, loan and payment scenarios. This tool provides detailed answers regarding the bottom line impact of the HOA on your unique circumstances. You are also invited to one of the Centurion Funding Group HOA Seminars where we'll explain the HOA in more detail and look at some specific scenarios with the HOA Interactive Simulator.
