If you had that extra money what could you do with it?
RETIRE EARLY IN STYLE?
PUT A CHILD THROUGH SCHOOL?
BUY YOUR DREAM HOME?

Hello, I'm Pete Temple and I have been in the mortgage business since 1990.  My company has processed thousands of mortgages for clients all over the U.S.  There is an alarming trend here in America to Spend, Spend, Spend and worry about it later.  How many people do you know who have their mortgage paid off?  Do your parents still have a mortgage?  What are you going to do if your ready to retire and you still have a huge mortgage payment over your head?  Most people don't even want to think about it because it's too overwhelming.  But what if there was a way that you could pay your mortgage off early and put enough money in the bank to retire in style?  Would that be worth a few minutes of your time to look into?  I hope you said yes - so lets get started.

Working in the mortgage industry has been illuminating for me.  Banks and mortgage companies are making hundreds of thousands of dollars in profit at your expense.  Learning how the banks were getting rich took a lot of time and effort on my part.  The truth is that it's absolutely shocking how much money they are making off your mortgage.  But there is hope, I'm going to give you the information needed so you can stick between 50,000 and 270,000 thousand dollars in interest, or more, in your pocket.  It's your money, and you don't have to give it to the bank - you just don't! 

So what I'm going to ask you to do is "Lose Interest", not in me, but in the money you pay the bank.  If you stick it out and read this whole presentation I will show you how much money you can save yourself.  And when you learn that you will see how to put tens to hundreds of thousands of dollars in your own bank account. 

YOUR PROBABLY WONDERING HOW THIS IS THIS POSSIBLE.  I mean if  it were true that people were overpaying the banks by hundreds of thousands of dollars wouldn't people be out in the streets rioting?  Good question:  But let me ask you this, what if you didn't know that you were overpaying?  What if this is the way your parents bought a house, and you were still doing things the old fashion way because "that's the way it's always been done".  Banks absolutely love to write mortgages.  I mean where else can you find an investment where someone is guaranteed to pay you back nearly 2 and 1/2 times the amount you loan them.  And  to top it off the loan is secured by the home your family lives in?  Getting back 2 and 1/2 times what you lend is a 250% return on their investment.  What a racket! 

So here is the problem, most people think that if you borrow $100,000 at 7% interest that you would owe the bank back $107,000 spread out over 30 years right?  WRONG, you will owe the bank $239,511 spread over 30 years.  And the worst part is that they front load your interest fees to the beginning of the the loan so that the overwhelming majority of money you pay the bank in the first 10 years is almost entirely interest! 

How in the world can they do that?  The secret is in the way that the bank lends you money.  The bank uses compound interest when you take out a loan.  A compound interest loan amortizes your mortgage over 30 years.  (all that really means is that they use a complicated computer program to calculate the loan using a formula)  If you look at the example in the previous paragraph where you borrowed $100,000 and paid back $107,000, that is known as a simple interest loan.  That's the type of loan you get when you borrow $100 from your parents.  They don't use a computer program to calculate 7% interest, they add 7% to the loan and divide by the time it takes to pay it back.  But when you get a mortgage, it's a compound interest loan and the interest is calculated by the day, over 30 years.  You can see the difference in the amount you pay back in the paragraph above.  Just by changing the way they calculate interest from simple interest to compound interest you pay back an extra $132,511 to them in interest.  Pretty sneaky huh?

Right about now some people think I'm lying to them.  They don't believe me.  I can prove it - go grab the payment coupon for your mortgage (or your parents mortgage) and multiply that amount times the number of months your paying your mortgage.  For example, if you had a $300,000 mortgage at 7% interest rate your principal and interest payments per month would be $1,995.91 per month on a regular 30 year mortgage.  Banks most times will also include Taxes and Insurance in your payments.  What you want to find is the amount without taxes and insurance.  That amount should be listed on your mortgage statement, or you can call your bank for just your PI payment (principal & interest).  In the above example a thirty year mortgage times 12 payments a year equals 360 payments for a total of $718,527.60 paid back to the bank!  That means that you just paid the bank $418,527.60 in interest for the privilege of borrowing their money, plus you still owe them the original $300,000 you borrowed.  Do you think somebody's getting rich at your expense? 

Now here's a thought - what if the loan above were at 8% interest instead of 7%?  Then you would pay the bank $492,464 or nearly $74,000 more than at the 7% interest rate.  WOW!  I don't know about you but I could think of a lot of things to do with an extra $74,000.

So how much are you really overpaying?  Here is a chart showing interest rates, and loan amounts.  The number in each box is how much you could save if you started your loan as a biweekly loan rather than paying it off the normal way.

Here come the cold hard facts, so you better sit down.  You need to be aware of  these facts so you can make an informed decision:

• Because the interest on your mortgage is front loaded the amount you pay back each month to the bank is not treated the same.  In the beginning of your loan almost all your payment goes towards paying interest, and almost none towards paying off your loan.  In fact during the first 10 years of your 30 year loan you will pay back only 10% of the balance, not 33% as you might expect.

• It will take you 22 years of your 30 year loan just to pay back 1/2 of the principal you borrowed.

• If you move every 5 years like most Americans do, 94% of all the money you paid to your lender went towards interest.  This leaves 6% of your mortgage that you actually paid off.  And how much does the typical realtor charge to sell your home?  The average is 6 to 7%.

So you have two options.  First you could pay your mortgage the old fashion way and stick out your mortgage for the next 30 years and pay the bank their $100,000 to $300,000 in interest.  Or you could use our program called The Mortgage Maximizer to accelerate your mortgage and start putting money back into your pocket.  You have to make your mortgage payments either way, and it's your choice whether you get rich in the process.

BENEFITS

With The Mortgage MAXIMIZER you get all these benefits risk free:
Keep your existing bank and interest rate.
Build Equity in your property faster.
Have payments made automatically for you.
Change payments and lenders at any time.
Cancel at any time & keep the benefits you have earned.
Keep track of how much money your saving.
Works with both existing and new mortgages.
Plus, you can even add additional monthly amounts for even greater savings.

Now that we have seen all the discouraging things about your mortgage being paid off the normal way let's take a look at what we could do if you paid it off early.  This is the fun part.  Imagine that you decide to take control of our mortgage by using our Mortgage Maximizer program.  I'm going to show you could have 10's to 100's of thousands of dollars sitting in your bank account in 30 years rather than just getting done paying off your mortgage.  It's very simple - take a look at the following scenario. 

Lets say you just bought a new home and received a mortgage for 300,000 over 30 years at 7% interest.  You decide that you want to put your mortgage on The Mortgage MAXIMIZER program.  You also decide that you can spare an extra $25 every 2 weeks to your mortgage to help pay your mortgage off a little earlier.  Because you took out a 30 year mortgage so lets still plan to still make 30 years worth of payments.  But because you will be using the Mortgage Maximizer you will have the bank paid off in 22 1/2 years.  The other 7 1/2 years is pure profit so let's take a look at what happens.  Seven and a half years is equal to 90 months.  Your original payments to the bank were $1995.91 per month.  So after 22 and 1/2 years your mortgage is paid off.  What do you do now?  Just keep making payments, not to the bank, but to yourself.  Keep putting the $1995.91 a month into your bank account for the rest of the time you would have been paying the bank.  You got done paying the bank off 90 months ahead of time so ninety times $1995.91 is $179,632 that you now can put in your bank account.  So you saved $123,006 in interest you would have paid to the bank.  And because you paid your mortgage off early you were able to save $179,632!  Not a bad deal at all for you.  This does not take into account what would happen if you actually invested the 179,632 as you put it into the bank over those 90 months so it could be much more.

Now chances are that you don't have exactly the same loan that I showed you above.  You loan may be for more money or less money.  Your interest rate may be higher or lower.  Or you may just be thinking about buying a home right now and would like to know how much you can save if you were to get a bi-weekly mortgage on your new home.  So to give you a rough idea we have included a mortgage calculator for you to try with your own mortgage numbers.  You can calculate what your mortgage payment per month would be every month and also the amount of interest you would pay over the life of your loan.  There is also  bi-weekly option that will show you how much you could save by paying bi-weekly.  Now this program does not have exact numbers as it requires a more sophisticated program to exactly calculate your bi-weekly program including the options for extra payments.  But the online version will be roughly within 2% of the more complicated program we use at the office so it will give you a really good idea how much you can save off your own mortgage. 

Want to know how much you could put in the bank by paying your mortgage off early? Just take your monthly payment and multiply it by the number of years you paid the mortgage off early and then again by 12 for the months.  For example if your monthly payment was $2,425 and by using the Mortgage Maximizer you paid your mortgage off in 23 years then you would have 7 years left on your mortgage.  So $2, 425 x 7 years is $16,975 times 12 months is $203,700 in the bank at the end of 30 years.

The big question now on nearly everybody's mind is "what is this going to cost me"?  Well the real answer is nothing, your actually saving money.  In the above example you would be $179,632 richer at the end of 30 years.  The cost for our program is just $395 billed by credit card.  If you had the loan above you would spend $395 to save $179,632 for a net profit of $179,237.  So what is the return on your investment?  It's a 45,376% return on your investment - get that return on the stock market! 

Don't wait to do this.  Every month you wait increases the time it will take to pay off your mortgage.  Waiting one month to start this could cost you a lot of money.

What if you have questions?  We will provide toll free technical support for your biweekly program, and we take care of debiting your bank account and paying your mortgage for you.  There is a small $3.95 fee each time we debit your account to cover the wire transfer fees and toll free support.  A very small price to pay for what your going to make by using this program. 

So how do you sign up?  Signing up with the program is very simple.  Here are the steps to enroll in this biweekly program:

1) Provide us with the information on your current, or new mortgage, so we can provide a custom analysis for you.
2) Tell us if you would like to add any extra amounts per month to your payments. i.e. $25 extra
3) Provide us with information on a bank account you would like to use to make payments.

We take care of the rest.  We will automatically debit your account every 2 weeks for 1/2 of your normal mortgage payment and make your payments for you direct to your lender.  If you add extra amounts to accelerate your mortgage even further we take care of that too.  We provide a toll free tech support line for any questions.  Cancel at any time, and keep the benefits to your mortgage that you have accumulated.

The only thing you have to lose is interest - interest you would otherwise be paying the bank!  This one simple change can change your life and put you and your family in a much better position for your future.  You start receiving the benefits in the first month so even if you sell your house and move to a new one you will still get the benefits in interest savings from now until then.  If times get tough for you at your job or you have a family emergency you can suspend, or cancel at any time with no penalty.  Plus the equity in your home is growing faster than normal which you can borrow against at any time.  We all know that we are going to need more money in retirement than Uncle Sam and employers are going to pay you.  Take a simple step for the future of your family and be ready to enjoy your retirement in style.