The Radio Show

I am currently doing a radio show on AM 590, WKZO in Kalamazoo, MI on Saturday mornings at 11:00 to 11:30 A.M. The name of the show is Mortgage Matters. I spend my time on the show discussing the Accelerator mortgage and all the benefits. Last week, Tim, the engineer and host for all the morning shows had some questions and below is the transcript. I thought you might enjoy reading it.

Tim: Today’s Topic on Mortgage Matters is the Homeownership Accelerator Mortgage with Mark Maire from AmeriFirst Financial. His special guest- Matt Rzepka. Valley Oak Financial. CPA and CFP. Expert on tax and most effective uses of money.

Tim: After the show two weeks ago, I started looking into your mortgage program. I know it has been popular in Australia and the UK for years, but why is it different than other standard mortgages in the U.S.?

Mark: This is the first loan of its kind in the United States that allows borrowers to pay principal first. It is not a pay-option ARM or a bi-weekly loan or one of those software packages that purport to save you money and pay your loan off earlier. The Home Ownership Accelerator solves the problems of those previous solutions by having a set it and forget it mentality. It completely automates the creation of interest savings because all of your cash flows through your checking account therefore paying down on your mortgage saving you thousands of dollars of interest.

Tim: So why does it work so well?

Mark: It is a simple change in how you manage your personal finances. If you can image on the left you have a pile of money and that pile represents your checking account and it sits at bank all month earning you almost nothing. Over on the right you have a hole and the hole represents your mortgage debt. And every single month you take some money out of the pile and put it in the hole, filling in the hole OH so slightly. What if you could take your entire pay check and deposit it into the hole saving you thousands of dollars in interest but allowing you to be able get that money out whenever you needed it. This is a line of credit that allows you to pull the money out when you need it but when you are not using it is working for you

Tim: What sorts of people have been most interested in this new automated loan and checking account approach?

Mark: Well it is becoming very popular; it is one of the fastest growing mortgages in America. Small businesses like the Home Ownership Accelerator because they clearly understand the power of cash flow.

Real estate investors love the product because they know how they can be able to pay down their mortgage, turn around and pull the money back out and buy more rental properties and they can take their rents and flow it through their mortgage saving them even more interest on their home loan.

Baby-boomers love it who are trying to retire with out the mortgage debt. Executives love it because, again, they do not have to juggle different programs to make the system work. It is an all in one, inclusive program built to save them money on their mortgage.

Tim: Well, it certainly appears to be a very smart way to borrow money.

Mark: I couldn’t agree more.