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Home Ownership Accelerator

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:

• Your income lowers your monthly balance.
• The lower balance saves you interest.
• The saved interest becomes extra principal payment.
• This further lowers your balance, saving more interest.
• This frees up even more money to reduce principal.
• This cycle repeats itself each month, compounding your interest savings and accelerating the reduction of your debt.

How it works.

Bank your money in your mortgage. With the CMG 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!

If you haven't already, play The Movie: How it Works to find out why this loan is so powerful. ( Need Flash player? )

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 5.5%. And, let's even assume that mortgage interest rates are climbing on a "reverse course" that mirrors their recent decline (APR 8.19%)! A 'worst case' rate scenario!"

Saves interest, pays off sooner.
In this example, refinancing to the CMG 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 is very unlikely.

But what if rates go up even more?
In this example, the adjustable rate on the CMG 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.

Seeing is believing. Try it for yourself.

Use our powerful Interactive Simulator and see how the CMG Home Ownership Accelerator can help you achieve financial freedom sooner.

Still have questions?

See the answers to Frequently Asked Questions that customers often have.

Specifications.

Loan type: Adjustable rate line of credit, based on 1-month LIBOR index.
Adjustment period: monthly (three and five year rate caps are now available)
Term: 30 years
Lifetime cap: 5% over start rate (1% rate caps are now available)
Minimum credit line: $100,000
Maximum credit line: $2,500,000
Minimum down payment: as low as 10%
Minimum credit scores: 680 (excellent credit)
Withdrawals: ATM/Visa P.O.S. card with 8 surcharge-free ATM transactions per month at any ATM, checks, online bill-pay, ACH, EFT.
Payments: Direct payroll deposit (required), EFT, ACH, Bank by mail.
Statements: Monthly. Online account access.