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 Refi? (Part 2 of 2)
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We are testing 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 a 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 5, How is primary Mortgage look

This is the amortization table calculated the software.
mortgage


Step 6, Summary page

The interest saving and paying off schedule is shown. Let's check it in next section.

summary


Final Step, Can he refinance in three years?

After 36 months, in our calculation, will be 6/1/2011. His primary balance is 612k, and his HELOC balance is 85k. If he can refinance at 80%, then the house price has to be 871k. However, if he is lucky, he can refinance 90%, and then his house price can stand at 680k.

The saving from Mortgage Acceleration is about $400 year, estimated. Also noted, he doesn't need MA software to direct his banking. He deposits his pay check into the HELOC, and then draws money from his HELOC to pay his balance every month. However, in order to look into the future about his HELOC, he still need this software.


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