New loan pays your mortgage off sooner

By Deane Endo
Wednesday - October 25, 2006

Refinance plan gains high praise


Pay Down / Pay Off your mortgage sooner

Save thousands of dollars in interest costs

Maintain Easy Access to the Equity in your Home

No immediate or automatic foreclosure in the event of illness or incapacity (interest is added back to your loan but better than foreclosure)

Deane Endo
Sr. Loan Officer
Mortgage Connections, Inc.

.(JavaScript must be enabled to view this email address)

Ph. (808) 330-4590
Fax: (808) 593-2433

“The [Home Ownership] Accelerator loan program has allowed me to have my cake and eat it too !!! By refinancing my home loan into the [Home Ownership] Accelerator I am able to pay down my outstanding mortgage balance much sooner saving me hundreds of thousands of dollars in interest costs. But here is the icing on the cake ... if I ever want to purchase another piece of [investment] real estate, I just have to write a check from my [Home Ownership] Accelerator. I pay down my mortgage much faster plus maintain access to the equity in my home ... what a “sweet” deal !!!” Stuart Yasunaga, American Carpet One-Corporate Trainer & Ewa Homeowner

Like Stuart, would you like to pay down your current mortgage in about half the time, possibly save hundreds of thousands of dollars in interest payments while maintaining EASY access to the equity in your home, while not having to alter your current spending habits. Consider refinancing into the Home Ownership Accelerator mortgage loan.

Why not consider the Home Ownership Accelerator loan ?

The Home Ownership Accelerator is a new concept in US mortgage lending that allows homeowners to deposit their paychecks directly toward the pay down of their mortgage instead of into their checking (or savings) account. This dramatically reduces the homeowner’s principal balance, and since interest on the loan is computed on a daily basis, the total interest expense can be tens or even hundreds of thousands of dollars less than a conventional 30 year fixed loan.

With a typical 30 year fixed mortgage, your mortgage lender pays themselves first (e.g. takes the interest that you owe them first) and then applies any remaining dollars to the pay down of your principal balance. This is why during the first 10 -15 years of a typical 30 year mortgage your principal balance reduces very slowly. Conversely, during the last 15 years of a 30 year fixed mortgage ... relatively little of your monthly mortgage payment is applied to interest and most of your monthly payment is applied to the pay down of your principal balance.


It is the reversal of this process (principal paid before interest) that enables you to pay down your mortgage so much more quickly with the Home Ownership Accelerator.

If something unforeseen happens to you and you are unable to work (and earn a paycheck) you are not required to make a “monthly mortgage payment” as long as the outstanding balance of your mortgage does not exceed your credit line limit (or 80% of the appraised value of your home at the time that you obtained your loan).


The interest for the current month will just be added to your loan balance. Yes, this is a loan with “negative amortization” but it sure beats having your home foreclosed on !!!

Liquidity (or access to your equity) is maintained by:

1)VISA ATM/Debit Card (STAR or Cirrus ATM Networks) for access to cash

2) Check Book with unlimited check writing privileges

3)Free Online Bill-Pay

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