The Home Ownership Accelerator Explained in 60 Seconds or Less.

I've spent a lot of time writing about this revolutionary new loan program and various ways that you can use it.  I just felt like I should try to explain the basic concept in one post.  So here goes:

The Home Ownership Accelerator saves you thousands of dollars in interest by converting all of your purchasing power from credit and cash reserves to equity in your home which can be accessed at any time through a full-service checking account built right into your mortgage.  In the meantime however, the unused money is used to offset the principal balance of your mortgage resulting in interest saved.

"Sounds like an interest-only loan.  How do I pay down my balance?"

The key to this loan is "no change to your spending habits".  That means you don't go out and buy a new boat or car or spend money that you wouldn't have otherwise spent.  If you continue your current lifestyle and spending habits, then the money that would have gone to pay interest pays principal instead.

One last note: With this loan you get everything you would get from you current local bank or credit union except for a "brick and mortar" location that you can visit in person.  All transactions on this loan are conveniently done on line, by mail, or through a dedicated CMG "Concierge" service center that you can call.  Ironically the difference between the rate you earn on checking and savings and the interest you pay on your mortgage normally is what pays for a the "brick and mortar" bank you can visit.  With this loan that money goes to you instead to pay for your "brick and mortar" home.

"Home Ownership Accelerator" and the yellow flying house logo are registered trademarks and used by permission.