A definition....
Mortgage Accelerator PLUS: a money management STRATEGY that teaches smart and efficient money management, with the goal of eliminating all debts, especially mortgage debt, in 1/3 the time. It is a “turn key package” that includes a workbook, instructions, and software that teaches ALL the particulars of using the program, HOW it works and WHY it works.
MAP is more than just an acronym, it is also a road map that guides you towards eliminating ALL mortgage debt and using that equity to build a real estate portfolio. “Teaching you to do more with the money you ALREADY have” is our motto.
Some basics...
1.) Is it a bi-weekly program?
NO. This is the most common question we get because many people are familiar with bi-weekly loans already. This is not a bad way to pay your mortgage, and it will work, but there are issues. Our program offers many more options and works twice as fast.
With a bi-weekly, instead of making one mortgage payment ONCE per month, ½ the payment is made every two weeks. The strategy is that over a 12 month period an additional payment, the 13th, is paid which generally accelerates a 30 year loan to 22-23 years. However, many lenders will not ACCEPT a partial payment and some companies will HOLD those funds until the balance is received, which offers NO advantage. There are also third party companies that will provide this service for you- for a fee. Stay away. MAP generally eliminates most loans in 7-9 years. And the average of ALL our clients: 8.5 years.
2.) Do I have to make additional payments each month?
NO- and yes. With MAP, ALL income is driven towards your mortgage, which is now merged with your checking account, so that all money is applied towards the principal as quickly and abundantly as possible. We call this feature “Money Maximization”, (AKA Paycheck Parking) and is one of the six components used in MAP. All expenses are paid from the mortgage as LATE as possible, allowing your money to “work” for you more effectively and reducing “daily interest expenses”.
3.) Do I need to refinance my mortgage?
NO. Sometimes a new loan IS beneficial, usually due to substantial consumer debt or a second mortgage with an unmanageable (“out of control”) balance. A Home Equity Line of Credit (HELOC) is part of the program, which is how you get money back OUT to pay bills.
4.) Does it work with an "interest only" or "neg am" or Option ARM loan?
YES. MAP is driven by cash flow and these loans afford you the BEST cash flow with the most flexibility. These loans are actually the BEST to have.
5.) Does someone else control your money?
NO. YOU have total control and all the options.
6.) Since I deposit all my money into my mortgage, how do I pay my bills?
Your HELOC will essentially replace your primary checking account. You will keep a minimal amount of money in your personal account and use your HELOC checks for most of your bills.
7.) Rates on HELOCS are going up and is higher than my first loan, so does MAP still work??
YES. We've done the math since this question came up years ago when HELOC rates were still quite low. Your HELOC interest rate can be 2.5x times HIGHER than the rate of your first loan and MAP still works to your advantage.
8.) Does it work if I have little or no equity?
YES, but it takes a little longer to “pick up steam” depending upon positive cash flow, and the TYPES of loan (or loans) on the property which will have an effect on the initial momentum. The program can also work if you have insufficient equity (or credit) to GET a HELOC, and that HELOC can be replaced with “cash on hand”.
9.) What if I have a second already?
That could be an issue. Depending upon the size, what type it is, and your positive cash flow, it may be advisable to wrap them together in a new loan. And we can provide that for you. NOTE: The INTEREST RATE on your loans is NOT as critical as you would normally think, and even if the new loan is HIGHER than the loan being paid off, with MAP it usually STILL make sense.
10.) If I have a pre-payment penalty is that a problem?
Probably not. Most pre-pay penalties allow you to pay 20% of additional principal each year. If your cash flow is that great that you could EXCEED that, you either dial it down to stay within that 20% limit or just pay the penalty on the EXCESS over that amount. This is a good problem to have.
11.) Does it work if I’m self employed?
YES, sometimes even better, since your income may come in more frequently, and even if you have months WITHOUT positive cash flow, that’s OK. Look at your ANNUAL Income over a 12-24 month period. As long as you MAKE more than you SPEND, MAP will work.
12.) Does it work if I have bad credit?
YES, but it depends on the types of loans you have right now and if those credit issues could limit getting a HELOC if you do not have one.
13.) Does it work if I’m living “paycheck to paycheck”?
Theoretically yes, but MAP is NOT a cure all for those with a negative or marginal positive cash flow. It is fueled by excess income. As long as you make more than you spend, applied mathematics will work to your advantage.
14.) You mention that I need to use a credit card. Is this critical?:
NO. The credit card is a bonus due to the “float”, and allows you to use your money to maximum efficiency. MAP works without a credit card.
15.) How do I KNOW if MAP will work for me?
If you have POSITIVE CASH FLOW, it's a mathematical certainty that MAP will work. It takes no time to learn the basics, but there are nuances that become more clear as you understand it better.
NO limitations...
16.) You say that I'll pay off my house in 7-9 years, but I don't think I'll be here more than 5 years. Is it still worthwhile?
Absolutely! Imagine that your loan balance was reduced by 50% in 5 years. You would have that much more equity than if you did things as "usual". That's why "hybrid loans", like 5 year ARMS, work so well. If you knew in 5 years your balance was reduced by half, would you care if that rate then became adjustable? (The answer is NO since your new PAYMENT would be based on the lower principal balance.)
17.) Does MAP work with more than one property?
Absolutely! Each property is targeted one at a time and we have clients with dozens of properties. After each successive mortgage is paid off, you move on to the next. It's usually advisable to tackle RENTAL property first, eliminate the debt service, and maximize the cash flow. This program is exponential and actually PICKS UP SPEED as you pay off successive rental properties.
18.) Does it work in any state?
YES. Texas is the only state that has restrictions on second mortgages and lines of credit, so there needs to be some modifications done. We can show you.
The competition...
19.) I have heard of mortgage companies that offer first mortgages that seem to do the some thing that MAP does, or so it appears. Two of them are Mac Quarie and CMG. How are they different?
Both those companies offer new LOANS, first mortgages with many of the characteristics of a HELOC. They allow direct deposits INTO the loan and check writing capabilities OUT of the loan. We can offer those products if you are interested.
20.) I'm in Hawaii and I was approached about Tardus. Many of your testimonials say that they wished they had done MAP instead. Why?
Because we teach many of the same methods for 1/7th the price.
21.) Are you there to "hold my hand"?
Of course, but it's not as hard to implement as you may think. We have found that after 30-60 days most of our clients are on "auto pilot" and they have very few questions after that. If our MAP client is contemplating a new home or a large purchase those scenarios may trigger questions.
22.) Why haven’t I heard of this before?
The Methodology actually came from overseas, and has been adapted over the years to the very un-consumer friendly mortgage industry in the United States. Mortgage Acceleration loans are actually very common in Australia, New Zealand, Great Britain, and other countries, so the GOAL of accelerating your mortgage is not new. Our Methodology has incorporated many (and the best) of these techniques and we teach you to “think like a bank” and not the way it’s “always been done”. These are not “new” rules, just different, unconventional ways of looking at your money in a new way, which is why our mission is “teaching you to do more with the money you already have”.
23.) A friend referred me to United 1st Financial. They set this up as a kind of MLM (multi level marketing) Plan. How do you differ?
Ironically we have a common ancestry, but we have been offering our MAP program much longer, since 2002, so we KNOW mortgage acceleration, HOW it works and WHY it works. And we teach you. We are NOT MLM, but we do have a two tiered system for you to sell MAP so you CAN profit and teach others to do likewise. Their program sells for almost three times what ours cost since ours is more reasonably priced at $1295 and will sell in greater volume. In addition, our high profile on the radio, National media presence, and 25 year's experience in Real Estate and Finance add to the CREDITABILITY for selling any type of mortgage acceleration program, a real asset!
24.) I'd like to offer MAP to other people. Do you have a reseller program?
Of course. This came out of repeated requests rather than by original design. We have had hundreds of users wanting to share this program with their friends, so we created the reseller Affiliate network to accommodate that need. Call us for more information on how you can earn $750 for each MAP program you sell.
25.) It sounds too good to be true, so it must be a scam, right? (our favorite question)
Here’s a question for you: if we told you that if you paid on your 30-year mortgage for 22 years and you STILL owed ½ of what you borrowed, would you believe it? You should, because it’s true. With a 30-year loan it’s not until year 22 that the principal is reduced by half and MOST principal is paid in the last 7 years. This is what we’ve been taught as “normal”, but it’s not very smart or financially sound.
Our program effectively takes that 30-year amortization chart and turns it upside down, so you pay off most of your principal in the FIRST 7 years (or less), NOT the last. Does it sound too good to be true? It probably does, but the techniques used are 100% legal, ethical, practical, etc…, but more important, they are EFFECTIVE, based on applied mathematics and designed to make your money work for YOU in a whole new way!
If you have any specific questions not addressed here don’t hesitate to call or send us and e-mail.
