Webinar: Introducing the Home Ownership Accelerator®

For most people, the hundreds of thousands spent on mortgage interest is the number-one barrier to building wealth.  Worse, most “homeowners” will retire with a mortgage.  Will you?

Join us on Today, for a lunchtime webinar on a revolutionary new home loan that could put you on the road to mortgage freedom faster and more easily than you ever thought possible.  

We’ll be introducing the Home Ownership Accelerator® -- an innovative home loan which uses your own cash flow to help you potentially save tens or hundreds of thousands in interest and pay off years earlier -- all without changing your spending habits!

Don’t miss this opportunity to make an early exit from the world of monthly mortgage payments!  Join the thousands of clients who are getting ahead faster, thanks to the incredible power of the Home Ownership Accelerator loan. 

Friday, August 27
11:30am-12:30pm Pacific
Reserve your Webinar seat NOW

Fast Facts about the Home Ownership Accelerator®

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	Description	Advantage
Loan Type	First-position home equity line of credit	Full-service checking account embedded inside the loan allows all available cash to flow against the balance until needed for investments or expenses.
Deposit and withdrawals	Unlimited. Deposit or withdraw as much and as often as you need using free online bill-pay, ATM/debit Card, electronic fund transfers, checks	With the Accelerator, your deposits go against principal first, unlike traditional home loans. All deposits are credited against your loan balance within one business day.
Interest Rate	Adjustable Rate Loan based on 1-month LIBOR index	According to independent studies, LIBOR is a consumer-friendly index, second only to COFI for long-term stability.  See white paper on adjustable rate mortgages in our News and Views section.
Margins available	Available margins are 2.85%. 3.15%, and 3.35% above 1-month LIBOR. Ask your certified agent about margin pricing.	A lower margin reduces long-term interest costs and accelerates loan payoff and equity build-up. Your agent will present the costs involved for each margin and run a break-even analysis to see which margin works best for you.
Lifetime rate cap	6% over initial interest rate (index + margin)	We do not expect rates to rise dramatically in the near future, but to protect people concerned with rising rates, the Accelerator offers long-term protection with our +6% lifetime rate cap (your loan rate never exceeds the cap).
Minimum credit line	$100,000
Maximum credit line	$2.5 million
Maximum loan-to-value	75% of appraised value
Minimum credit score required	700 (720 in CA, AZ, NV)
States currently available	CA, AZ, NV, UT, OR, CO, WA, MN	Look for new states in late Spring 2010!
Statements	Online banking, and monthly paper statements detail available balance, withdrawals and deposits	You have all the information you need to track balance reduction, interest charges and other expenses, just as with your current checking account. You will also receive a standard tax form 1098 for all the interest paid on the loan each year.

FAQ #17. How do I access the equity in my account for expenses?

Just like you access your bank account. You have online access to view your account balances and transactions, and you can access funds via check, ATM, EFT, ACH and bill-pay.

Watch The Movie

FAQ #9. Are my payments FDIC insured?

Not until you pay off your debt and run a positive balance. This is a line of credit mortgage, not a savings account, and therefore not FDIC insured. Your cash actually becomes home equity. You are paying down your mortgage, not making a deposit in the traditional sense. Years of traditional banking has trained us to think we need to have a "pile" of money somewhere, when in reality, the banks are using it to loan money to others. In this new approach, you build your wealth in a completely new way — it's in your real estate investment.

hoa@mortgageangel.net

 

FAQ #23. Won’t paying less mortgage interest reduce my tax deduction?

Of course it will. Unless you're currently a renter, paying a dollar in interest to get a thirty-cent tax deduction is a no-win game. If maximizing your interest tax deduction really made sense, you'd want to pay a higher interest rate on your loans, right? So minimize overall interest with the Home Ownership Accelerator, and own your home sooner.