How would your life be different if you no longer had a mortgage payment to make? Would you take more vacations? Would you purchase investment properties? Would you retire early?

Imagine for a moment: You are no longer required to make that large payment every month. You are free!

Why would you want to pay off your mortgage faster? Let’s look at an example of a typical 30 year mortgage on a loan amount of $200,000 at a 6% interest rate. Your monthly payment will be approximately $1,199. You will make 360 payments over the course of the loan and you will have paid an additional amount in interest on top of your principle, of around $231,677.

$431,677 is the total, if you add in your original $200,000 borrowed.

There are basically 3 ways to pay off your mortgage fast:

1) Send in extra cash each month with your mortgage payment and request that it be applied to the principal or sign up for a Bi-Monthly payment plan, where you in essence make two payments in half the amount each month. What happens here, is that at the end of the year you will have made one full extra payment which will be applied to pay down your principle balance.

2) Refinance to a lower interest rate.

3) Use a HELOC or Home Equity Line Of Credit as an interest cancellation account, to accelerate your principle pay down.

There are upsides to all of these methods, but the first ones are not as effective, in my opinion.

1st: homeowners have shown that they do not have the extra money or even the discipline to practice this method consistently enough for it to work and do much damage.

2nd: Since the 30 yr loan has it’s interest calculated only once every 30 days, the banks are getting rich holding on to our money each month until they need it to apply as per our request.

And finally, it is simply not recommended to keep refinancing the loan. Each time we do it, we pay large fees and points.

It is now easier, because of computers, to eliminate our mortgage fast, by utilizing the latest technology.

There are now interest reduction programs that use innovative software and advanced bank systems. These are not new, but they are now becoming popular, because home-owners can successfully pay off their 30 yr mortgage in 15 or even 10 years.

In Australia, over 1/3rd of the mortgages are structured this way. A few years back, billionaire entrepreneur, visionary and founder of Virgin Records, Sir Richard Branson, brought it to England. Now it is available in the great USA.

The wrong way is to get paid, deposit your income, pay your bills at the beginning of the month and save what is left over. The reason, is because when we do this we overpay way too much in interest on the principal amounts of the various loans we have.

The traditional way is no longer effective. Now we can use a Bank Line Of Credit or Heloc and have a powerful software program direct us on how to pay off that mortgage extremely fast, using no additional money or changing our lifestyle. You really must see this to believe it. Want to lose your mortgage super fast?

You haven’t seen anything like this. As a mortgage holder, you can pay off your regular 30 year mortgage in 15 or even 10 years and save hundreds of thousands.

However you attack this, implement a plan to pay off your mortgage fast or at least faster than 30 years. It is just sound financial advice.

I have a whole chapter about this debt elimination message in my best-selling book, 3 Secrets Of Millionaires. It is that powerful. There is even the opportunity for my readers to download a free analysis of just how fast you can be debt free and how much money you get to keep instead of using it to make the banks and mortgage companies rich.

Want to pay off your mortgage in half the time Get your free print out. To read Mike’s best-selling wealth creation book, visit 3 secrets of millionaires for 3 powerful, yet simple ways to retire filthy rich.


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