Home Ownership Accelerator - Pay off Your Mortgage. Metzler Mortgage Group Good Faith Estimate

Even if you think you have the best mortgage, it's now obsolete.
This innovative and powerful loan uses the power of your income to slash thousands off the total interest you pay and chop years off the time it takes to pay off. All without changing your spending habits, or your access to the cash you earn.

How does the Home Ownership Accelerator revolutionize home loans?
The Home Ownership Accelerator makes one simple change in your financial life. It combines your checking account with your home loan. So you flow all of your personal cash against your loan balance. Why is this a big deal? The money currently in your checking account earns close to nothing. In the Accelerator account, your money will "earn" your home loan rate (a much better return) because:

How it works.
Bank your money in your mortgage. With the Home Ownership Accelerator, you direct-deposit your entire paycheck into your mortgage, instead of your checking account. This immediately reduces your principal balance. Since interest is based on your daily balance, you start saving interest immediately compared to traditional loans!

Access your funds just like you used to. You pay all of your expenses out of your mortgage, just like you would with a traditional bank account -- using the unlimited checks, free ATM/Debit card, and free online bill-pay that comes with the account. Until you need the money, though, it's in your mortgage in the form of a lower principal balance, saving you 5-6% in mortgage interest, instead of earning 1% in a bank account. Less interest means that more of your take-home pay goes towards principal, and you pay off sooner. With no change to spending habits!

Graph of how the Home Ownership Accelerator loan works The Accelerator is your mortgage, checking, savings and equity line of credit combined into one flexible and powerful account. By bringing together your accounts, the CMG Home Ownership Accelerator can help you make your money work harder and reduce the amount of interest you pay on your mortgage.

Just by using your checking account you're reducing your mortgage balance, so you only pay interest on the lower amount. And the lower your balance, the lower your interest expense, so you start saving immediately. This will help you to pay off your mortgage years earlier. And as is simply a normal checking account, you have access to your cash anytime you like. It's the same with your savings - when you need them, they're there.

Read our extensive web site to learn all about this great loan, including: A quick Home Ownership Accelerator overview, a detailed Home Ownership Accelerator Movie explaining everything, read common Home Ownership Accelerator questions, read actual Accelerator customer testimonials, cut through the clutter with Home Ownership Accelerator myths, and even sign up for a FREE Home Ownership Accelerator Seminar. The Accelerator not right for you? Check out our full line of traditional low rate, low cost conventional mortgages

How effective is it?
If you're an average borrower with good cash flow, you could pay off an average sized loan in as little as half the time – with no changes to spending habits.

Let's look at an example:
Imagine you have net pay of $100,000 annually, saving 15% of your net income after expenses, and you have a $400,000 30-year fixed-rate mortgage at "great rate" of 5.5%. And, let's even assume that today's current mortgage interest rates are climbing higher. A 'worst case' rate scenario!"

Saves interest, pays off sooner.
In this example, refinancing to the Home Ownership Accelerator roughly doubles your mortgage efficiency. You could pay off in as little as 17.3 years and save nearly $89,000 (21%) in interest, compared to the 30-year fixed rate loan at 5.5%. In fact, to save that much interest, you'd have to find a 30-year mortgage at 4.4%, which of course is very unlikely.

But what if rates go up even more?
In this example, the adjustable rate on the Home Ownership Accelerator would have to average 9.6% over the entire 17.3 years for the interest payments to equal that of the 30-year fixed rate mortgage at 5.5%. That's not likely to happen either.