Mortgage interest is one of the largest expenses most homeowners will pay. A 30 year mortgage at 5% paid over the full 30 years will cost the homeowner about the same in interest as their original mortgage. Homeowner’s don’t realize they’re paying nearly double for their homes and most don’t know there’s an alternative. Four years ago my family switched from a regular mortgage to an accelerator mortgage and we paid thousands less in interest and thousands more in principle than we would have with our traditional fixed-rate mortgage.
In my accounting business we advise clients every day on ways to keep more of their hard-earned money. This is a way for every family with a mortgage to do just that.