FAQ's

24 Jul 2007

My Frequently Most Asked Questions

1. Do I have to increase my income for Mortgage Reduction to work?
No. Not at all. Mortgage Reduction does not require an increase in your income.

2. Do I need to make any changes to my current mortgage?
No. With Mortgage Reduction your current mortgage remains completely the same without making any changes.

3. Does Mortgage Reduction require that I refinance my mortgage?
No. Mortgage Reduction does not involve refinancing, serial refinancing or anything similar.

4. Does Mortgage Reduction work with ARM’s?
As long as you have interest to be paid on your mortgage and there are no pre-payment penalties associated with you loan…then Mortgage Reduction will work for you.

5. Why won’t Mortgage Reduction work if I’m living pay check to pay check?
As with any mortgage reduction plan you’ll need some surplus cash (money left over after paying all your bills) to put the cycle into action.

6. How can Mortgage Reduction gain so much equity so quickly?
Mortgage Reduction relies on a simple cycling method using a HELOC or “Home Equity Line Of Credit” or personal savings to make huge “lump” payments against your principal mortgage balance.

7. Do I Have to obtain a Home Equity Line Of Credit? No. I’ve just developed an alternative method of Mortgage Reduction which uses a personal savings deposited into a money market account that not only reduces your mortgage faster, but also Pays You interest…It’s a huge breakthrough in mortgage reduction.

8. How is Mortgage Reduction better than a Bi-weekly mortgage?
A Bi-weekly mortgage takes 12 months to make only one extra monthly payment against your principal balance. With Mortgage Reduction you cycle your entire monthly surplus cash into your “Home Equity Line Of Credit” which in turn allows you to place huge “lump” payments against your principal balance every 6-10 months. All while giving you the security of having access to any emergency funds if needed.

If the above doesn’t make much sense…don’t worry. You’ll understand once you have access to the report. I walk you through each step explaining with crystal clear detail.

9. Do I need to know a lot about mortgages?
Not at all. If you’re able to pay your monthly mortgage payment and monthly bills, then that’s all the experience you’ll need to implement a successful cycling plan.