This is a common question. Mortgage Acceleration is another option for financing your home to be considered alongside other conventional options. To learn why MA really isn't all that unbelievable, see the following question in addition to the "Costs and Risks of Mortgage Acceleration" section.

Why haven't I heard of this before?

• This is a valid question. Any time you hear an amazing claim that asks you to evaluate a major financial decision, you are wise to ask these questions as sometimes the answers will reveal the claims are not what they seem. That said, there are several reasons we believe MA is just now rapidly gaining popularity.
   
• First of all, understand this: the goal of MA is to utilize mathematical advantages of certain mortgage structures in order to give the big banks less interest and to give yourself more of that money to pay down your house. Understandably, banks would not want to promote something that decreases their interest revenues. Big banks would like to see you in a stable debt at the highest possible safe amount for as long as possible. That's how they make money. As such, banks, and their subsidiaries are not eager to promote this. Even so, we anticipate larger institutions will begin to promote this as they will be forced to cater to increasing market demand.
   
• MA concepts actually HAVE been used for about 20 years in other countries. A large percentage of the population in Australia uses MA concepts to finance their homes. Some experts hypothesize that the general attitude regarding mortgage debt in those countries is more mature than that of Americans. Statistically, Americans do not have strong savings habits or predispositions to pay down debts. In other words, as a country, we have not been "ready to hear" the message of MA until it becomes too loud to ignore.
   
• Only in the last several years have certain companies begun to make that message louder. We applaud the MA pioneers for their efforts. Now there is momentum in the MA industry. This creates familiarity, which is the first step in trust.
   
• Finally, consider the birth of any unprecedented invention, such as hybrid cars, internet commerce sites, or the electric razor. It took some time, but the value of these items was recognized, even if a decent percentage of the population does not use them. From that stage, the inventions grow to a level of national awareness. For MA, it's not a matter of if, but when.