EXPLOSIVE - Mortgage Reduction Program

[MargaretOpine]

WAIT A MINUTE!!!--I may save in interest but I will pay that amount in taxes. So, either I pay interest to the bank or taxes to the government and that's what is not being said here. TRUE, all of these suggestions will work. You can save recycle material and come up with the money to reduce your mortgage with these methods or a newspaper route. (One mortgage payment per year) but you will have to pay more in income taxes; you will even pay taxes on what you earn from the newspaper route.

[LarosaRealtyEG]

Ask me how you can get your mortgage principle reduced to, on average, 60% below market value... you dont have to be behind on payments, through Nlore we can help you, our leagle team works for you pro-bono.

[capricious71]

In the UK, it's so much simpler.

There's no SuperDooper System (TM) for a start.

You get an "offset" mortgage. You have savings/current accounts that don't pay interest but just reduce the debt.

Additionally, you can overpay whenever you like.

Simple as that.

You don't have to buy any software!

[sickwiththetruth]

California's Mortgage Foreclosure Consultant Act at Civil Code 2945.4(a): "It shall be a violation for a foreclosure consultant to:

(a) Claim, demand , charge, collect, or receive any compensation until after the foreclosure consultant has fully performed each and every service the foreclosure consultant contracted to perform or represented that he or she would perform."

[gythiyanki]

wow this is blowing my mind. How come this isnt being used by everyone - were not talking about chump change. I will definitely use this (after doing my due diligence)

[altha2008]

make an extra payment once a year cut a 30 yr loan to 22

[altha2008]

all you have to do is if you owe $100,000/ it by 11 pay of $9,000 a year to pay it off in 11 years

[njfreddy]

there is a secret that the mortgage company dont want anyone to know u can pay off a 30 year mortgage in 11 years or less...simply by calling ur mortgage company and telling them u want to pay ur payments weekly!! thats right weekly, if ur mortage is $1200 a month ..send $300 a week most of the money goes into the principal that way..and remmember some months have 5 paydays on them..im doing it myself, theses banks are a bunch of rip-off they dont tell anyone u can pay it that way

[seldomseennow]

you are just plain wrong by about 14 years njfreddy. If you pay weekly you end up making 1 extra payment per year (52 x $300). Making 1 extra payment per year would take about 5-7 years off your term. All you have to do is get an amortization schedule-see how much goes to the principle each year, calculate how much extra you have paid - and that's how many years you save. YOu would never save 19 years off a 30 year ortgage. It's 5-7 years. I know I use 2to run computer analysis

[dankelly]

seldomseennow is right... you DO save 5 years by doing that... And, if you add $100/mo to your payments (on a $150k) loan, you save ANOTHER 5 years.

Paying bi-weekly and adding $50 to each payment, you can pay off a $150k loan in 20 years.

[cyndrellian]

i don't have a mortgage but all this sounds like a lot of fun

[cyndrellian]

we built our own hahahah

[Jon20202]

In Canada, both Manulife and Canadian Tire offer these accounts, the Manulife one has a annual fee, the C.T. does not. The interest rates are generally higher than typical mortgages, which should be compared.

[baggywrinkle62]

We've been working this system for a year now.

It works! 164,000 will be paid off free and clear in five years. We used Freedom Financial

and paid 5,000 dollars for the knowledge. Steep,

but still worth every penny. You don't need

the software-think of it as training wheels for confidence building. If you can balance

a checkbook, you can work this system. But first do your homework. Start with Harj's book

It is 25 well spent dollars

[AxaptaMan]

Good to know it works in Canada. But paying $5,000 is INSANE! What did they teach you for this hefty price, that can't be learned with Harj's subscription program?

[marvin2813]

They currently offers practically no technical support and their is no phone number to call if you have a problem. Most of his users after a few months complain. Look for other products that do the same thing even if you have to pay more.

[hilife257]

there are several systems that are very good and not expensive.

[1Longshadow]

THis company offers limited products. Want the best product, highest benefits, best lifetime support, most products and most success. Look at Sydney Financial and judge for yourself. Or contact me and ill give more detailed info.

[Angelen]

This is Manulife Bank's account. Most people dont' even know they existed, that's why no one heard of it. You can only get access to that bank two ways, through Toronto office, or through a knowledgable Financial specialist. Most advisors dont' know shit about finance. They just have a certificate. -,-

[JonathanLeeBarber]

The creator neglects to tell you that you need a Home Equity Line of Credit Loan, HELC to make this idea work. Most of us do not have this type of mortgage & it will mean you need to refinance. You can pay your mortgage payment each week 4 payments each month instead of one payment and achieve similar results and save yourself the $200 for this "software" program. Or go to the expense of refinancing your current loan into a HELC.

[pbl1]

no, you don't need to refinance for a HELOC. It is an additional mortgage.

Program works, but you don't need to pay for this system. Just prepay on your own.

[DanceSexy101]

why does the comments not show? too negative?

[DanceSexy101]

sounds suspicious to me