Homeowners Payoff Mortgage Debt with Gas Price Savings Now that gas prices have plummeted, a growing number of homeowners plan to payoff mortgage debt using the money they save at the pump.
BigNews.Biz - Dec 11,2008 - Salt Lake City, UT – Now that gas prices have plummeted, a growing number of homeowners plan to payoff mortgage debt using the money they save at the pump. The Sydney Financial system is already helping thousands payoff mortgage loans in half or even a third of the time.
By making additional payments every month, these homeowners are able to save a significant amount of money as they continue to payoff mortgage debt each year. Many are able to payoff mortgage loans within 10 or 15 years, instead of the traditional 30.
Sydney Financial advisers help new enrollees set up a specialized “mortgage checking account,” a proven way to leverage funds to actually reduce the accrual of interest on the borrower’s mortgage. Enrollees pay less over time, without increasing their mandatory minimum payment.
By making as little as one extra payment each year, homeowners can payoff mortgage debt years before the anticipated date.
To qualify for the program, applicants should be homeowners with significant equity in their home as well as decent credit scores. A new alternative program is offered to those who cannot meet these traditional requirements.
To learn more about how Sydney Financial is helping homeowners payoff mortgage debts, visit the Sydney Financial website: www.sydneyfinancialgroup.com.
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