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Wednesday, February 18, 2009

To Parents Who Want To Be Mortgage Free For Life But Not Sure How

By NeilV1001

What good is it to send your kids to college if they then have to pay for debt their entire lives?

Do you Really Know What You Should Do Next?

Do you really know how to invest in the stock market and increase your investment? No, most people do not. Outside of a monthly or weekly payment to their 401K, an average person's understanding of the financial markets is based on the information sent to them by their employers.

Do you consider yourself an investment expert?

It is not your fault. You are just not given the right information.

The money you invest needs to have a clear goal in order to have a successful outcome. If you don't understand the stock market or financial investing, you are bound to lose your money quickly. The reality is, real estate is still the best investment you can make. Value may drop but unless you are selling the property, there is no loss to you. The trick is to use the Mortgage Free for Life system.

How Are You Rewarded When You Have No Mortgage But Own Your Home Free And Clear?

Why would you want to hang on to that large monthly payment if you didn't have to? Outright ownership means no more mortgage and loads of money in your pocket. Using Mortgage Free for Life can speed up the process.

Spending more of your paycheck each month on your mortgage is one way of paying off your mortgage faster.

Are you in a position right now to spend more money each month to pay off your mortgage?

Are you in a fortunate situation where you are able to consistently pay more towards your mortgage principal each month?

Are you neglecting your investments?

Do you know that you can eliminate your mortgage faster without spending more of your own money and use the extra cash you have for investment purposes and at the same time be mortgage free for life?

Accelerate Your Mortgage Payoff

Paying off your mortgage in under half the time is easily achieved by using the mortgage free for life system.

The method takes into account that the all banks and financial institutions charge you a significant amount of interest and fees upfront.

Using a financial calculator, a professional can show you how to accelerate your mortgage.

If you want to find out how to slash years of your mortgage early without spending more or changing your lifestyle, the best way is to enter your information directly into a mortgage acceleration calculator. Sometimes we may feel that refinancing is a good option to pay off your mortgage faster, especially when the rates have dropped. You refinance to a lower rate thinking that the extra cash savings will be applied to paying your mortgage faster. This rarely happens. In some cases you could be worse off with refinance fees and longer time it takes to pay off your mortgage.

How To Take Back Control Over Your Mortgage Debt

One reason to pay off your mortgage would be to use the equity in your home to pay for your kids college education.

Another way could be to use the equity in your home to buy an investment property. Imagine having the ability to fund a deposit on an investment property, and earn a steady stream of cash flow for life.

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