So, What Is Mortgage Acceleration?

"Oh, it's just where you have to make more money each month so you pay off your mortgage faster."

Actually, no.

In our use of the term mortgage acceleration we refer to a process whereby you pay off your 30-year mortgage in an average of 8.5 years, with no increse in monthly expenses.

I know that sounds hard to believe, but it's really quite understandable once you know the crucial difference between interest and principal.

"Principal is how much it costs. Interest is how much it goes up over time."

Yes, that's true, but what most people probably don't understand is how much of their monthly payments are being diverted into the interest, instead of mostly toward the principal.

Paying the interest before paying the principal is like treating a problem, instead of fixing the cure.

Our Mortgage Acceleration Report talks more about this.