A truly flexible program…

Unlike traditional mortgages, there is a distinct advantage with the Home Ownership Accelerator® in the way the loan works for you. The key difference is the flexibility and the access you have to use this loan. For many home owners, paying off their mortgage early is the main objective. The Accelerator excels at this. However, if your situation ever changes, you have the ability to use this loan for investments, home improvements, tuition or any other situation. And the best part is… you don’t have to go back to the bank to refinance your home or take out an additional home equity loan. Most mortgages are a one way street…meaning any additional principal payment you send to the bank is gone. You pay your home off earlier but you can’t call the bank up and ask for that money back if you need it.

We trust you with your money and put you in control of having access to it. As you pay down the principal with the Accelerator, you are building up the equity in your property. It’s your equity, not the bank's! Now you can aggressively pay down your principal with your extra money because you know you can get it back if you need it. This simple difference not only allows a peace of mind, but truly helps you pay down your debt without worrying about needing your money in the future and not being able to get it.

How safe is this loan?

We know the Accelerator is different and some people are even a bit scared of the concept. The truth is, this is the safest loan available on the market for most people. Let’s talk about what we mean by safe.

Suppose your situation changes and you are unable to make your mortgage payments due to an accident or job loss. Let’s also assume that you have been paying your mortgage on time and even sending in a little extra over the years so you have built up some equity. Now let’s compare the difference between a traditional mortgage and the Home Ownership Accelerator® over a three month period and how the banks handle it.

Once you are past due 90 days on a traditional mortgage, the foreclosure process is started. Your only options to keep your home at this point are to come up with all the past due payments, interest and fees, or try to do a quick sell on your home. Refinancing is not an option because you are in default and your credit is wrecked. Regardless of what happens, you are going to lose thousand of dollars in this situation. The bank will even make it worse by charging you fees for the foreclosure process and a higher interest rate. Unfortunately, the bank is not going to help you out by returning any of the additional money you sent them to pay down your principal. This just made the bank's situation even better to foreclose because there is more equity in your property.

The Home Ownership Accelerator® works in a completely different way. As long as you are below your credit line, the interest is simply added to your account just like any other month. There are no late fees and no default interest. Most important, your credit doesn’t get wrecked because there are no late payments to report. Because you have equity in your home, you can even access additional money if needed to pay your normal expenses. If the situation that caused you to lose your source of income doesn’t improve, you can sell your home at your own pace without losing money from being forced to do a quick sell. There are clients who can literally go years without making a payment and not lose their home. The safety of this program is unmatched.