John D. Laudenslager

I am a newbie on Active Rain and have never participated in the blogging effort but I have posted 3 blogs since the beginning of my participation in this web site. All of my blogs have been centered around a relatively new mortgage product called The Home Ownership Accelerator.

I have been looking at this product for about a year and have studied all aspects of this loan. There are numeros benefits to this particular mortgage product. Should you refinance into this product your payment will most deifinitely drop unless of course you have an interest rate less than 3.5%. If you have a positive cash flow on a monthly basis, THERE IS NO FASTER WAY TO PAY OFF A MORTGAGE LOAN on your primary residence or 2nd home. Think about it! Let's say that you take out a mortgage of $300,000 and your payment is based on 6.5% for a 30 year fixed rate loan. You would have a payment of $1896.20 and about $271.00 would be going to principle. It will to take you 30 years to pay off that loan. It would normally take aobut $6000 per month to qualify for the loan outlined above. Applying that amount of money to the HOA here is what will happen.

Take the same $300,000 on The Home Ownership Accelerator and with a positive cash flow of just $400.00 per month you would be able to pay this loan off in 12 years, save $260,175 in interest and have an equivalent rate on a first mortgage of 2.1%. In addition you will have access to most of the credit line for the next 18 years which would allow you to invest in other real estate without having to get a new mortgage loan for that pruchase.

If you have the opportunity to reduce your gas bill or pay off your mortgage....... the mortgage is easier.

I joined Active Rain last week and posted my first blog regarding The Home Ownership Acclelerator. I am overwhelmed by the power of this mortgage product.

I have been working with this product for about a year and have made many mistakes when talking to potential clients about it. The biggest mistake has been that I email the potential client the 5 minute video that describes the product and what it can do and think that they will see this product in the same positive light that I do. THEY DON'T! As I think about I, why should they. I have 35 years experience in the business and the ordinary client just doesn't have the same experience level that I do therefore the power of this product just doesn't knock them over as it did for me.

I closed my 1st loan using this product in February and will close my 2nd loan next week. I stay in touch with my client that closed in February and in 4 short months she and her husband have reduced their principle balance on a $227,000 loan by $13,000. That puts them on track to pay off approximately $39,000 in principal balance this year and if those projections continue they will pay off their current mortgage in 2013.

My sceond client has projected that he will pay off his mortgage of $221,000 in about the same amount of time.

Think about client number one. They will be in their mid thirties and have their home loan paid. Now they have an ability to create an additional retirement account or invest their additional disposable income in purchasing real estate for investment or any other number of choices to create addtional wealth for themselves and their family.

Wouldn't we all love to have our mortage paid while we are in our thirties and be able to concentrate creating additional wealth for ourselves. If you are an individual who is considering purchasing real estate or considering refinancing your current residence or 2nd home you owe it to yourself to find out about this mortgage product and how it can change your financial life. It is truly extraordinary!!