Mortgage

Mortgage Acceleration Secret Unveiled

DIY Mortgage Acceleration

Online Mortgage Tools

Special Report On Mortgage Acceleration

Introduction

Classical, higher HELOC rate, Page 1

Classical, higher HELOC rate, Page 2

Currently, HELOC rate is lower, Page 1

Currently, HELOC rate is lower, Page 2

Over stretched home owner, page 1

Over stretched home owner, page 2

Mortgage Acceleration Software


World's Most Honest Mortgage Accelerator Review
Can Over stretched Home Owner Refinance? (Part 1 of 2)
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We are using Mortgage Accelerator software from a company called StreamlineYourDebt. This software also has the ability to import your bank statement and recalculate paying off date accordingly. This feature is very nice; it allows users to see how large purchases or deposits will impact his pay off date. This feature is not shown in our screen shots. But you will fall in love with this feature once you begin to follow this software.

It was quite common in California; some people took out risky loan, i.e., stated income loan. Can Mortgage Acceleration save them more money? Here I use an example as an aggressive buyer with 80% with 85k house hold income, and bought a 800k property, interest rate at 5.5%. The real 30 year interest has never been so low. However, he choose 3/1 5/1 ARM for low interest at the beginning. Can he refinance down the road? Or how much can the housing price drop while he can still refinance? Assuming he doesn’t want to buy PMI. This buyer also has 15% HELOC max at 120k, currently paid off 20k.



Step 1, Input Primary Mortgage
You can bring up wizard by clicking on "Edit", then "Wizard".
input mortgage


Step 2, Input HELOC
The person has HELOC max at 120k, currently with balance about 100k. He always leave 20k for emergency use. Also, his HELOC started in 07/01/2008.
input heloc


Step 3, Input Monthly Expense and start Calculation
This person has monthly income of $6400. His debt to income ratio is quite high. He is living in $1,000 budget. However, his primary mortgage is full amortized.
input mortgage


Step 4, How is HELOC look

He will pay off his HELOC until year 2021. This is Unrealistic. He has to refinance way early then that. Can he refinance?
heloc


Continue to second page ...

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