When it comes to mortgage payoff there are those that DO refinancing mortgage those that DON'T. The implication isn't that there are those that don't pay off their mortgage, rather there are those that don't pay-off their mortgage as quickly as they could or should.
A classic example is a guy like Lee: he could never get a handle on his mortgage payoff.
When he was younger, in good health with a decent paying job, a 30 year mortgage pay-off didn't seem insurmountable. But as he got older, his health started to fail, other bills mounted, he refinanced his home and any thoughts he may have entertained about a timely mortgage payoff turned into the stuff dreams are made off.
This is unfortunate as best and tragic at worst.
Because no one should be spending the lions-share of their life seeing their hard-earn savings go down the mortgage-payment hole.
Not when there's a viable alternative -- a mortgage acceleration system mortgage refinancing example; that helps pay off your home 10-13 years faster without spending more, while at the same time enabling you to save thousands of dollars in interest.
That's money you should be enjoying for yourself or your loved ones.
As rocky a road as economists paint for the new year, if you take a step back and look closer, there's really no reason why 2009 shouldn't be a good time to pay off your mortgage.
Not if you take advantage of the strategies that mortgage acceleration provides for a timely mortgage payoff. Mortgage acceleration isn't just squeezing in an extra mortgage payment each month. Rather mortgage acceleration lets the interest your mortgage accrues work for you!
Further many experts feel that mortgage acceleration is much sounder than a simple savings plan or investment in stocks - especially when the stock market lost half its gains last year.
By being prudent with your tax deductions and reducing the mortgage principal you can position yourself to buy bigger home in the long run, and that's very good news.
Best of all you can do this without spending more of your money.
2009 is the year to completely get on top of your mortgage debt and make mortgage payoff a reality instead of a dream.
Consider this: according to the National Association of Home Builders (NAHB) most economists think it will be late in 2009 or 2010 before we see much of a recovery in the housing market. As such, single-family housing first-time purchases are projected to reach all-time lows during the ensuing 12 months of 2009 before they start to again rise.
In all probability, mortgage interest rates will most likely remain accessible to most homeowners because of the lower demand for mortgages in general and also due to lowered interest rates.
At the same time, the higher risk often attributed to mortgages is keeping rates from falling significantly.
Due to the drop in home prices and continued low mortgage interest rates, housing has become more affordable.
The National Association of Realtors (NAR) Housing Affordability Index is now at 135, whereas it was only 106 in 2006. This indicates that the median income family now has 35 percent more income than necessary to qualify for a loan on a median priced home, compared to 6 percent more income than necessary in 2006.
Furthermore, the NAR experts feel that thirty-year fixed mortgage rates hover at the 5.5 percent mark at the beginning of 2009. AS the year continues that percentage rate may fluctuate between 5.5-6.0 percent, before wrapping up 2009 at about 6.0-6.25 percent.
That's actually not bad all things considered.
As a homeowner with a mortgage that's good news.
But even better news is taking advantage of the mortgage acceleration plan that will make 2009 THE year you see your mortgage payoff begin!
To find how fast you can eliminate your mortgage debt and retire early, please go directly to http://www.eqxl.com/mortgage-accelerator.html, enter your information directly into the free mortgage pay off calculator and within 4 seconds it will reveal your savings for your specific situation.
And we will give you a valuable guide that reveals the steps to take, so that you can be on your way to being mortgage free today.
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