How can a higher interest line of credit help to payoff my lower interest first mortgage?Can you give me more information on the workings of this program?

A. When repaying a mortgage, it's typically not the rate you pay that's most important. What matters most is the total amount of interest you pay over the term of your loan. With the Mortgage Acceleration Plus System you use your line of credit to reduce the balance owing on your primary mortgage, and you reposition your regular income and your unused “stagnant” money you normally leave sitting in your regular checking and/or savings account to reduce the balance owing on your line of credit. By repositioning your regular income and your unused “stagnant” money you normally leave sitting in your regular checking and/or savings account, you are able to keep your line of credit balance as low as possible which can significantly reduce the interest that would normally be charged on the line of credit. This means more of your regular payment goes towards your principal balance each month, helping you repay your mortgage ahead of your standard mortgage schedule. The online software system ...  more