From: "Ashley" 
Newsgroups: alt.org.natl-assn-mortgage-brokers
Subject: Re: Equity Acceleration
Date: Fri, 20 Apr 2007 17:28:23 GMT

First of all, I am not lying and we are not money lenders.
Your discussion about HELOCs is getting at the idea our system employs.
It works with any kind of mortgage and the homeowner does not refinance
his existing note. We show the homeowner how to force changes to the
amortization schedule by making precise equity transfers from HELOC to
1st mortgage. But he does not use money out of pocket.

I respect your opinion, but you're simply not sufficiently informed on 
what's available.

If you would like to learn more, then contact me directly.


"Jeff Strickland"  wrote in message 
news:A3uUh.1737$BS2.1720@trndny01...
>
> "Ashley"  wrote in message 
> news:vDsUh.910$Qp.207@trnddc07...
>> We do not originate mortgages. We show the property owner how to satisfy 
>> them - sooner.
>>
>> Our web based system enables people to accelerate the rate at which they 
>> accumulate equity in their properties. We show them how to force changes 
>> to the amortization schedule and cancel future interest by aggressively 
>> paying down the principal while using the bank's money and not their own. 
>> We have customers who are on schedule to pay off 30 year notes in as 
>> little as 8 years or less. They do it on current income, without making 
>> additional out of pocket principal payments, without refinancing, and 
>> without making changes to lifestyle or cash flow.
>>
>> If you would like to learn more about this smart system, please respond 
>> and I will show you how it works.
>>
>>
>
> Well, you are lying. One can not pay off a loan early without either 
> refinancing to a different loan program -- hence you must originate 
> loans --  or the existing loan must have greater amounts sent in as extra 
> principle payments.
>
> My question to you is, IF mortgage interest is a deductable expense on 
> income taxes AND one has the income with which to pay a mortgage off 
> early, then wouldn't that sort of person need as many deductions as they 
> could find?
>
> The high dollar people that I know of obtain Interest Only Mortgages that 
> let them pay mortgage interest for years, and write off 100% of the 
> payments they make.
>
>
>
> PS
> To those that are interested, the program being offered here is a 1st 
> Trust Deed that is a HELOC, and requires your paycheck to be deposited 
> through automatic deposits. The FICO score that is required is either a 
> 720 or 740 -- I forget which. What happens is that your pay is deposited 
> and this pulls down the average daily balance from the date of deposit. 
> You pay your bills with HELOC checks, that slowly drive the principle 
> balance up again, but your next payroll check pulls the balance down again 
> and the process starts again. The idea is that if you are a paycheck 
> person and have a high FICO, then you can use the power of your deposits 
> that exceed expenses to reduce mortgage principle much faster. The affect 
> is that your residual income -- income after expenses -- earns interest at 
> the effectivej interest rate of your home mortgage.
>
> It is a very good product for the right borrower. Very good. Over time you 
> will have much greater equity in your property than you would otherwise 
> have. Since your mortgage is essentially a home equity line of credit 
> (HELOC), then you have immediate access to upwards of 90% of any equity 
> you might have, and no new qualifying to pull out the cash you want. Let's 
> say you collect cars, and are driving through the wine country one 
> afternoon and see a fabulous '67 Mustang for sale. You can pull to the 
> side of the road and simply write the check and take the car home. Cool, 
> huh? Another thing that happens under the program is that your daily 
> living expenses -- stuff you pay for with the HELOC checks, like 
> grocweries and utility bills -- get transferred to mortgage interest, and 
> they become a tax deduction. Any thing you buy with a HELOC check is 
> repaid through the mortgage, and any interest paid that way is a 
> deduction.
>
> There is a a downside to the product, but since it requires a high FICO 
> and good income, the people that would be affected by the downside are 
> disqualified from the program.
>
> It's a good program, and you should contact the OP for details. But do not 
> be fooled by her promises to not write a new loan, or pay stuff off 
> without spending a dime.
>
>
>