Is it possible to pay off a 30 year mortgage in 8-10 years? Th answer is yes, you do have options:

You already know that you have the following options:

1.) Add extra money that directly effects priniciple each month.

2.) Get on a bi-weekly payment program (you can easily set this up with yout lender). This adds an extra payment (13 in total).

2.) Pay a huge lump sum (not usually in most peoples capacity.)

These all look fine and well, but do you notice a similiarity? they all require you to come up with more of your own money.

The next option is something you may not know about, and if you do congratulations! you are ahead of the game.

Note: This is not for everyone.

First, you need to have more money coming in than you have going out every month (discretionary income)

Second, you need to have the ability to qualify for a Home Equity line of Credit, for this is the vehicle that drives the program. So you need to have decent credit. Also, if you already have an equity line it must have room to borrow from.

this is a simple concept but not that easy to explain...The basic idea is that you use your equity line just like you use your primary checking account..instead of paying all your bills (mortgage included) out of your checking, you will now pay using your equity line. At the same time, instead of depositing your monthly income to your checking accnt, you now apply it direclty to your equity line. You are in a sense setting up an interest cancellation account.

The three components to this program are the following:

1.) Primary Mortgage

2.) HELOC (Advanced line of credit for our purposes)

3.) The patented software that my company offers. (no one in the market has a product that can compare)

What the software does is act as your financial dashboard. It optimizes the maximum interest that can be cancelled out. To do this on your own would be very difficult (not saying it can't be done) because the algorithims in the software are very complex..each month will be different.

This is not a new concept. This is very popular in Great Britain, New Zealand, and Austrailia. Infact, banks teach this overt there...They don't over here!

This is just sound financial planning taken to the next level thanks to the software. The result is essentially cancelling out years and years of interest that you would pay to the bank. The average client on the program realizes a mortgage free life in about 8-10 years..that's knocking off around 20 years of your mortgage..nothing is more powerful.

A beta test was conducted in Colorado..It consisted of 400 families. It resulted in a 98% success rate.

if you have any questions feel free to contact me..

508-479-4995

P.S check out this news report on You Tube.

http://youtube.com/watch?v=W0fpp5LR7Gc