- As a prudent and educated consumer, you want to be careful of
any company that is aggressively promoting one product as a
solution for everyone's needs.
- We'd like to be clear to say that Mortgage Acceleration is not
the solution for everyone, and even if it would benefit you, it
still may not be an "emotional fit." It should simply be
considered side by side with other options to finance and/or pay
down the balance on your home.
- Though most Mortgage Acceleration companies do charge an
actual fee for their service, we do not. In some cases,
fees can be quite large, up to $4000. Even though
MA should save you plenty of money to be worth such an investment,
we are committed to free education with the same or higher quality
than the competition. Just as you wouldn't want to be charged for
someone telling that hybrid cars are available, we do not believe
you should be charged for learning that MA is available.
- That said, there can be transaction costs involved in
restructuring your mortgages to fit into an MA program. Depending
on your current loans, it may be necessary to
refinance or obtain one additional loan. These
costs are not charged by us, and are no different
than the average costs associated with refinancing your home.
- The operational risks of MA are manageable but important to
discuss, nonetheless. The structure of an MA program will likely
involve very common types of loans. Since you don't pay any money
for the program itself and since you are not obligated to make
payments in any more stringent way than normal, the financial risk
of MA is equivalent to a normal refinance of your home.
- The main risk is that the MA program, although designed to
minimize it, requires a certain level of discipline. If you abuse
the program, you will have access to higher amount of liquid cash
than you are accustomed to. Because of this, you run the risk of
doing what so many other Americans do: spend more money than you
- Your biggest risk in MA is that you will simply maintain your
current situation, and possibly incur more debt. If you are credit
worthy, seek credit, and use it, this is something you are likely
to do with or without our assistance.
- To account for this potential risk, we make every effort to
educate, prepare, and prevent you from treating MA like any other
mortgage. Once you've seen our presentation, we think you'll be
enthusiastic about the potential to pay off your home.