mortagesandforeclosures

by Jerry Smith

By applying and using a mortgage accelerator system , you will be able to slash your mortgage 10-12 years faster, reducing your interest burden without changing your lifestyle. Using the method of mortgage acceleration, you could save thousands in interest and pay off your mortgage at least 13 earlier, without spending more or refinancing. The mortgage accelerator system will help you save thousands and get rid of your mortgage debt at least 13 years faster, even if you chose not to change your lifestyle or spend more.

But as time goes on, we quickly realize on average, at least 35% of our monthly salary, and in some cases more goes towards paying your mortgage bill each month. But as you earn your paycheck each month, you quickly realize that sometimes approximately 40% of your monthly hard earned paycheck goes towards paying off your mortgage and it feels worse as most of that is just for the mortgage interest payments. The only challenge with owning a home is the huge monthly mortgage bill. On average we spend 35% to 40 % of our paycheck towards the monthly mortgage bill.

There is nothing wrong with that exceptThats perfectly acceptable butThis seems acceptable however

Less than 5% of Americans are able to actually retire financially independent. And when they approach retirement 35% of them still have over 20 years left in mortgage repayments. And now most retirees have to postpone their impending retirement or take on a part time job in retirement and you know why? They have to pay for the mortgage bill each month which is competing with the medical and other retirement costs.

One way to become financially independent is to eliminate your largest debt, your mortgage. And the best way to become financially bullet-proof is to retire without any debt. To retire without the burden of debt the easiest step is to pay off your mortgage first.

And lets assume you are approaching retirement. And what if your are extremely close to retiring. And what happens when you are closing on towards those retirement years?

You may even consider retiring from your corporate job at that point. Just imagine, with no mortgage you could think of opening your own business and on your way to an early retirement. Once your mortgage is paid off, that could represent financial independence and could be the starting point for an early retirement.

You may think you are donating the home but the sad reality is that you are donating over mortgage debt. Their inheritance sadly could be outstanding mortgage debt rather than the legacy of your home. Their much anticipated inheritance could well turn out to be debt.

And remember, you haven't changed your current lifestyle at all. Heres the best part. You dont even have to change your existing standard of living at all. Remember we do this without changing our current lifestyle or having to make any sacrifices in the way we live.

Is there anything else you could do to get rid of the mortgage burden before retirement or send your kids to college without changing your current lifestyle?And now the question is could you pay off your mortgage before you retire so that you get to spend time with the family and enjoying retirement rather than using your retirement savings to pay off mortgage debt?Living debt free is the ultimate retirement dream. Is there a way to do this without changing your lifestyle or spending more of your cash?

There certainly is. This overview will reveal how to accomplish this. There is a smart way out. And I will reveal this to you in this article. Well I am excited to show you a new approach to this below.

Imagine your kids stuck in a corporate job spending 10 -15 years of their life paying off college debts. That financial legacy will continue to perpetuate itself to their kids and so on. Assume if you kids financed their way through college by taking out loans. Imagine what their life would be like once they finished college. You know how hard and long it takes to pay off any college debt. Instead of your kids working to enjoy life and live debt free, they may have to face the prospect of working for a very long time to get rid of debt.

With this extra cash, you would be able to put your kids/grandkids through college, or purchase a second property for investment purposes or just have the extra cash to enjoy during retirement. With this extra cash it is not uncommon for you to buy a second property and earn a second stream of residual income for life. And just imagine not only do you eliminate debt but now have more money in retirement. By living debt free in retirement you have the option to travel and set the way for your kids to follow your good financial habits. They never have to work just to pay off debt.

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