/24-7PressRelease/ - ORTONVILLE, MI, May 23, 2007 - Accelerator loans, common in Australia and the U.K. but new to the U.S., use special accounts that encourage borrowers to apply all extra money toward their mortgages. The savings can be big.
A different type of home loan, called a mortgage accelerator, has migrated to the United States. It uses home-equity borrowing and a borrower's paychecks to shorten the time until a mortgage is paid off, saving tens of thousands of dollars in interest expense. Not to be confused with biweekly programs that shorten a mortgage through extra payments, the mortgage-accelerator program is based on an approach common in Australia and the United Kingdom, where borrowers deposit their paychecks into accounts that, every month, apply every unspent dime against the mortgage loan balances.
In Australia, more than one-third of homeowners use mortgage-accelerator programs. In the U.K., it's about 25%.
In the United States Financial Freedom International, Inc a 20 year old company (BBB Member) has partnered with M&I Bank est. in 1847 with 45 Billion dollars in assets and is FDIC insured to offer consumers a new way to pay off their home and eliminate their consumer debt.
Financial Freedom International, Inc. (FFII) can use one or more of their multiple DEBT FREE STRATEGIES to assist you to TOTALLY ELIMINATE ALL OF YOUR DEBTS including... credit card debts, personal loans, business debt, auto loans, student loans and your mortage(s) so that you own your home and/or other properties free and clear... within an average of 6-12 years.
FFII SAVES THEIR CLIENTS AN AVERAGE OF $150,000 IN INTEREST & PRINCIPAL PAYMENTS.
It is necessary to change your thinking. We can no longer accept the conventional realm of banking. We need to understand that there is ways that we can take greater power...greater control of our hard earned money and make it work more to our advantage.
Conventional Banking says that there are only 2 possible ways that you can pay less interest and pay your mortgage off sooner. First is you can refinance to a lower interest rate which is a false premise. You will begin paying 94% all over again. The second is to apply additional money to principle.
For additional information go to http://www.mydebtfreesolutions.com to see a video presentation on our service and submit your FREE debt analysis.
TIM J THRIFT
FFII Consultant (#187673) 248-830-4832 or e-mail: tim@tjtfinancialservics.com
The Average American pays 42% of their income on debt and interest (twice what they pay on household expenses and over 20 times what they keep in savings).
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