Why You Should Stop Using Mortgage Accelerator Programs

I received a not the other day from a gentlemen who does the mortgage accelerator program as a business. He asked me if the harnessing your mortgage program was similar to the mortgage accelerator program. He also mentioned how great it was to help people pay off their mortgage quickly and make a profit at the same time for each new person he helps.

This individual, let's call him Mike, does not understand the power of the mortgage and how you can use it to your advantage to create wealth. The first question I asked was, why would you want to pay off your mortgage quickly and lose the biggest tax break a homeowner has? He still has not written me back with an answer.

I suggested he visit my site, http://ezleadcapture.com/member/wlg.htm, to learn about the new rule of money and specifically how the mortgage relates to the home and why people should be thinking differently about their mortgage.

The new rules of money states, briefly, that you should carry a big long term mortgage--whether you plan on living there for 5 or 30 yrs. This does not mean that you get a big expensive house, however.

A big long term mortgage gives you the biggest tax break. The way to do that is to get an interest only mortgage. The principal part of the mortgage you were paying can now be invested--as well as any extra payments you were making.

Even if you are in year 25 of your mortgage payment, you should refinance so you can take advantage of the tax deductibility you get on the interest payment of your new mortgage.

Let's say you don't refinance and pay off your mortgage, what tax break will you receive with a clear and free home? As previously mentioned, this is the biggest personal tax break you'll ever get, so why would you not refinance to make that happen?

Learn more about the rules of money and harnessing your mortgage to create wealth and residual income at http://ezleadcapture.com/member/wlg.htm