Searching for Sub Prime Mortgage Payment Solutions

acceleratedmortgage — Sun, 20 Jul 2008 20:22:51 CDT

Accelerated Mortgage Payments is a magic solution to America’s sub-prime mortgage crisis. Newer, Consumer-friendly, mortgage repayment strategies now eat away at the Principal so fast, that the Mortgage balance is paid off in record time. And these extra fast pay off solutions need no extra dollar amounts from the Consumers’ Household Budget. These are not shady, accelerated payments schemes that leave the Borrower poorer. In fact, these new mortgage pay off strategies cut the mortgage pay off time in half. This new thinking goes contrary to the High-Flyer, creative, mortgage offers that festered the recent mortgage crisis. Now the entire US Economy is threatened by the sub prime mortgage meltdown.
Part of the Sub Prime Mortgage woes came from the Banks' drive to have the Borrower make smaller mortgage payments for 40 years or more. Some Mortgage Lenders and Loan Officers convinced their Customers to make Interest only payments on the mortgage. The Consumer got captivated with that dream of a nicer home, more space, a sauna, a swimming pool. Unfortunately, these were not examples of accelerated mortgage repayments. Too often in fact, they became the "Never-Never Pay Off Mortgage Plan". No one bothered to think in the best interests of Consumers to pay off the mortgage fast.
If you are caught in the sub prime mortgage meltdown holding one of these creative products, you should not be fooled again with such easy loan and mortgage payment schemes that profit the Bank. Now you would remember that they also serve to trap dream-seeking Consumers in a nightmarish labyrinth of mounting debt. They have succeeded in robbing your wealth and the wealth of many other Home Owners with decreased home values. Borrowers get locked in to many more years of interest and principal payments. Consumer ownership and wealth creation take second priority.
Also trapped are the Bankers who dreamt up these schemes that were intended for their profit in the first place. If you still hold a Mortgage on your home and if you did not consult a Mortgage Repayment Specialist to design your own accelerated mortgage repayment plan, sad to say, you did not learn the hard lessons from the sub-prime mortgage melt down. Robert Kiyosaki, in his Financial IQ book requires you to learn such lessons as part of your valuable financial education resource that would lead to your wealth. Take Robert Kiyosaki’s advice and learn.
Several accelerated mortgage and fast debt repayment programs exist and some are Consumer friendly. You must search hard in order to find them. Unfortunately, Borrowers still keep hanging on to financial, nursery rhymes and Bed-Time Stories they learned as naive and innocent Babes. Eyes covered by Baby Blankets, surrounded by trinkets and toys, their senses get numbed by the tea, cocoa or coffee passed out by the Bank and Loan Officers. Meanwhile, Mortgage Lenders rake in the huge mortgage profits that innocent Consumers hand over, often waiting in long lines to donate to excess Bank Profits. The Banker’s job is not unlike taking candy from their kid-like Customers.
Visit this site and sample techniques from the Consumers’ Friend, that guarantee fast mortgage freedom and huge savings:
http://www.mortgagefreedom.livingfreeandclear.com
Another Consumer friendly, Mortgage Freedom Company estimates excess profits on a $200,000 Mortgage to be over $250,000, when the Bank Lender and the IRS or CRA are finished collecting their piece of your pie. In fact the offer here is to evaluate your mortgage repayment plan. Then they design a more efficient payment plan after you supply the numbers on the mortgage that encumbers your home. Visit the website. It would cost you nothing:

http://www.mortgage-freedom.com/Fast_Pay-My_Mortgage.html
Getting to the goal of complete freedom from a Mortgage comes from following well-known success principles: Set a goal; Create a plan; Select a competent Mentor and; Take action to complete the plan. The sub-prime mortgage crisis that has now spread way beyond the mortgage and housing markets is in fact your wake up call. Learn the wealth lessons and grasp the opportunities. House prices are low. NOW is the time to BUY. The same Robert Kiyosaki bemoaned the fact his college-professor Dad, the poor Dad, never realized that he should have purchased that second home as a wealth asset to buy himself financial freedom in his later years. You can learn from Poor Dad’s mistake.
Your solutions to the mortgage payments and housing crisis are to:

Think long term and set some accelerated mortgage payment goals
Think and act out side the proverbial box to employ new, debt and mortgage payment techniques, which you never considered previously
Place you trust in Experts whose interests do not compete with yours
Engage the services of a new breed of Mortgage Professional, the Accelerated Mortgage Repayment Coach.

Unfortunately, it was that blind trust that you, as a Consumer of Mortgages and Loans, gave to your Bankers or Loan Officer, that has caused us all horrific sub-prime mortgage grief. We should have learned our lesson. But No..... Consumers of Mortgages and Loans, continue to trust the party who stands to profit most from their lack of knowledge. That's why, too often, we loose at "the money game".
What other result would you expect if your Game Plan was designed for you by the Coach of the opposing Team.....? No matter what the sport.... For some reason, Consumers see the Banker and Loan Officer as their Money Coach. Here are the results of that thinking:

We stop questioning why 75% to 90% of mortgage payments in the early years reward the Lender as Interest Payments while only 10% or so pay out our debt.
We agree to pay a mortgage for 40 years and more, when we could be finished in 15 years or less
We swallow their story line with gimmicks such as cash back, interest only payment plans, principal payment holidays, interest payment holidays. Instead our focus should remain fixed on one question only: When will we be free of mortgage payments?

As American Home Owners, we do not set a goal to pay off the mortgage with accelerated payments. Instead we live in the home for seven years and pay maximum interest then sell and move on to do the same thing again. Now is the time to broaden your thinking and to act outside the box. This is your solution to the credit crisis and the recent sub prime mortgage woes. Add to your education resources and increase your wealth tremendously.
The author, Alfred Fraser, MA is a specialist in accelerated mortgage Payment Plans. Once a Mortgage Broker and Financial Planner, he now runs an active practice pioneering fast repayment strategies as a Finance Coach to a growing Clientele. Contact: c/o Consumer Credit Solutions Inc. 720- 999 West Broadway Ave Vancouver, BC Canada,V5Z 1K5 Phone 1-866-686-7243 Email: Alfred@mortgage-freedom.com URL: http://www.mortgage-freedom.com

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