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mortgageaccel101 (August 16, 2008 at 4:12 am)
I wonder if the question in the future will be which program should I choose, instead of is this a good idea. When this video was first broadcast, there was basically the big cheese touting a software that cost $3,500. I have searched the internet and found at least 10 other programs out there in the price range of $200 to $3500. Isn't it worth your time to shop around prior to dropping $3500 on a piece of software. You may be able to get by with paying less.
njfreddy (April 28, 2008 at 10:55 am)
there is a secret that the mortgage company dont want anyone to know u can pay off a 30 year mortgage in 11 years or less...simply by calling ur mortgage company and telling them u want to pay ur payments weekly!! thats right weekly, if ur mortage is $1200 a month ..send $300 a week most of the money goes into the principal that way..and remmember some months have 5 paydays on them..im doing it myself, theses banks are a bunch of rip-off they dont tell anyone u can pay it that way
pbl1 (April 18, 2008 at 1:29 am)
actually, its called an infomercial. if you can't tell the truth about this, how can anyone trust your MMA spiel?!?
msanchez007 (April 8, 2008 at 10:40 pm)
Let's say I had a home free and clear, but my house was destroyed by Katrina. How do I get my cash out? How fast? Let's say it burns down in a California fire? How long do I have to wait to get some cash out?I'd prefer a seperate account where I can go and get my money immediately, in case of emergency.I'll get an interest only loan, and deposit the principal, which I was gonna pay anyway to the bank, into another account income producing account.
olivermimi1 (March 5, 2008 at 9:48 pm)
onein999 is right! - get rid of that debt ASAP. Tax Write off's, there's the scam. Pay a buck to save 30 cents, no thanks. Sure they let you deduct the interest - you already PAID it! I do these for a living - this guy is exceptional - he's got VG cashflow. I've had a few payoff in 4 to 5 years, but most 30 yr. can expect closer to 11 or 12 years. Still saving a fortune. Poor Credit? Forget it! 660 minimum Fico & yes A job and equity! -We don't sell you any software - we show you how to do this!
Infin8Wealth (March 3, 2008 at 4:00 am)
Actually the Las Vegas station was originally going to show this as a scam but when the 2 investigative reporters found out the the Attorney Generals in 4 states were actually using this exact same software on their own homes, this reporter and 2 others in the TV station started using it also, and changed the airing to the saving money segment. You are only half correct here.
pbl1 (December 27, 2007 at 7:45 pm)
fake newscast! the sucker borrower pays for the software. its the first check that you write from the HELOC.
onein999 (December 5, 2007 at 3:32 am)
Wow. I'll be honest. Maybe I have an awkward view of money, but I prefer a home paid in full. Then again, I also prefer retirement, large savings accounts, and a carefully managed investment portfolio. =) Call me strange, but a 100% equity home is definitely a good thing in my book.
onein999 (December 5, 2007 at 3:29 am)
Without the software, you can try to reduce your payments, but it will be unreliable. The software literally calculates the changing interest rates, the amortization schedules, your paychecks (and other income), your monthly expenses... and then determines the precise days each month to transfer money between accounts (your mortgage, checking, home equity line of credit, etc.). I don't know about you... but I don't have the time for that!
frenchcolors (August 4, 2007 at 3:17 pm)
I agree it's not a good idea to pay a house off considering the tax break homeowners are getting. |
