Monday, May 12, 2008

The Retirement Fund Hidden In Your Mortgage

Dear Mortgagor:

Did you know that you already have equity in your home that can be unlocked, and used to help you pay off your mortgage faster...and...

...that by paying off your mortgage faster, you can have a much better retirement fund?

If you still have a significant portion of your mortgage to pay off, and you're concerned about your retirement, I think I've got an answer for you.

No, you don't have to earn a second paycheck or refinance your home (that's what the banks would have you do, but in the long run, refinancing can actually be devastating to you).

All you have to do is understand that, of each monthly mortgage payment you make, the overwhelming majority of that payment likely goes toward the interest, NOT the principal.

This is a key idea you'll hear us repeat over and over again. It makes all the difference in whether you'll be able to pay off you mortgage now...or much later.

Our Mortgage Acceleration Report goes into more detail.

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