3 Steps You Must Do If You Want To Pay Off Your Mortgage In 7 Years Or Less

One of the most significant financial purchases a person makes in a lifetime is a home. More often than not, a mortgage is required to fund this purchase. However, the way mortgages are typically paid off is detrimental to our financial health. The mortgage and banking industry have long promoted the 30-year fixed amortized mortgage, which is the most expensive option for consumers, similar to how the cigarette industry once marketed cigarettes.

For years, U.S. consumers have had no other choice but to use a mortgage that primarily benefits banks and mortgage companies. Now, a revolutionary mortgage program is available that can show homeowners how to pay off their mortgage in as little as seven years.

Enter Money Principal Group, a company based in Utah and founded by Ariel Metekingi, a native of New Zealand. Their innovative mortgage product, The Mortgage Eliminator, is based on a proven Australian industry standard that has been in use for over 30 years and is employed by over a third of homeowners in Australia. This model was later introduced to the New Zealand market, where homeowners have seen similar results, paying off their debts and mortgage in an average of 6-10 years.

This powerful new tool combats the financial plague of debt by combining a mortgage and a full-service bank account. This new "all-inclusive" loan creates significant savings in interest payments and enables loan payoffs in half to a third of the time, requiring little to no change in current spending habits or income.

How does it work? Homeowners deposit their income and other assets into the new mortgage account, which functions like a checking account, allowing expenses to be paid by check or ATM card. The key element is that when the homeowners' money isn’t being used, it sits in the mortgage account, reducing the daily loan balance on which interest is computed. This approach saves, on average, hundreds of thousands of dollars in interest over the life of a typical loan. Reduced interest means more money goes towards the principal, allowing homeowners to build equity faster and own their home sooner.

"This program empowers homeowners to take control of their financial health," says Ariel Metekingi, founder and president of Money Principal Group. "With this new loan program, a homeowner can combat the financial cancer known as consumer debt and current mortgage options, allowing them to reach their goals sooner in life. This isn’t a mystical trick of numbers; it simply eliminates the interest spread banks earn and returns it to the homeowner."

There are three steps consumers can take to reduce their mortgage payout and pay off their home in as little as seven years:

1. Decide What Your Goals Are

The first step with The Mortgage Eliminator program is to have a clear picture of your financial future and decide on your goals. Reflect on where you were five years ago and the expectations you had. Determine whether you are willing to make changes to reach your goals. Goal setting is crucial as it helps you create a flexible plan and schedule.

2. Set Up a Budget

The next step is to review your current spending habits and create a budget. This may be challenging, but it is essential for paying off your mortgage quickly. The Mortgage Eliminator program includes budgeting software and personal coaching to help you succeed. With over 90% of clients achieving success with this system, the combination of tools and coaching is highly effective.

3. Get a Financial Review and Analysis

Everyone’s financial situation is unique. A financial review and analysis are akin to a surgeon’s review before an operation. This review helps determine the best strategy for paying off your debts and mortgage. Money Principal Group provides a plan that shows the best options to help you reach your financial goals quickly.

Is this new loan product and system for everyone? Yes, if you can adhere to the disciplines of budgeting, have a positive cash flow, or are willing to adjust your budget to create one. With commitment, the payoff is significant, enabling you to eliminate debt and pay off your home mortgage in 6-10 years.

"The ability to be mortgage-free within 6-10 years, eliminate consumer debt, and free up income for significant future investments is now a reality. This can all be achieved without additional income or reducing your standard of living," says Metekingi. "The Mortgage Eliminator has empowered individuals in New Zealand and Australia to positively impact their financial destiny, and it is now available in the U.S. to achieve the same level of success and freedom."

For more information on how you can be debt-free and pay off your home mortgage in as little as seven years, and experience the savings with the Money Principal Program using their proprietary calculator, visit www.PDXLoan.com or call 1-800-862-0784 ext 21.