In addition to saving thousands in interest and paying off faster, many people may find additional benefits to the “Home Ownership Accelerator™ ” in managing their money.  This program can be especially advantageous for:

• Self Employed or Business Owners

• Commissioned Sales People

• Real Estate Investors

• Contractors and Builders

As mentioned in the 5 minute video found on the home page, borrowers save money in two ways. First, the money you do need for expenses saves you interest by keeping your principal balance lower until you access those funds to pay for expenses. Secondly, the money you do not access roles over into the next month in the form of principal reduction.

“PILES” AND “HOLES”

If you are one of the people mentioned above, then chances are your income and/or revenues may not be entirely consistent month to month. Some months of the year you may do better than others. Therefore, when times are good you stock pile funds in a bank account in anticipation of when things may slow down and you will need that money to cover expenses. You don’t place the money in you mortgage (a hole) because any payments towards principal are permanent and you may need that money. So instead you place that money in a bank account (a pile) so you have access to it, even if the rate of return on that money is less than impressive.

The “Home Ownership Accelerator™ ” makes the equity in your home (up to 80% of your homes value) as liquid and accessible as cash in the bank. Therefore, funds that would have been in “piles” earning very little, such as a checking or savings account, can be moved into your mortgage “hole” where you in effect receive a better rate of return on your money. The reduction in your principal balance becomes your cash reserve in the form of increased equity that remains liquid up to your credit line maximum. So even if you do not maintain a positive personal cash flow in a given month, you may still be able to accelerate the rate at which you pay off your home, save thousands in interest, and make no changes to spending as long as you have significant annual positive cash flow currently. 

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