How To Pay Your Home Mortgage Off And Be Debt Free In 6-10 Years Or Less With Little Change To Income Or Expenses The New Zealand Way

Posted By Team iBizExpert On February 11, 2022 11:04 AM Hits: 86

Ariel Metekingi knew that there was a faster way to pay off debts and a mortgage than what was available in the US. Living in New Zealand, where homeowners pay off their homes and are debt-free on average in 6–10 years, he saw how it worked there and in Australia.

Metekingi says, "I was surprised to learn that Americans, who are often seen as leaders and innovators around the world, are still using old mortgage programmes that haven't changed much except for bi-monthly payments and a second mortgage." "I found that the American mortgage industry was seriously lacking in some of the wealth-building mortgage and financial principles that have become so common in New Zealand and Australia."

Enter the Utah-based Money Principal Group, which was started by Metekingi. The Mortgage Eliminator is their most innovative mortgage product. It is based on an Australian industry standard and model that has been used by more than a third of homeowners there for more than 30 years. Later, it was put on the market in New Zealand, where homeowners get the same results, paying off their debts and mortgages on average in 6–10 years.

This powerful new tool to fight the problem of debt in the United States is a combination of a mortgage and a full-service bank account. The new "all-inclusive" type of loan saves a lot of money on interest payments and makes it possible to pay off the loan in half to one-third less time, without having to change spending habits or income.

How does it work? Homeowners put their income and other assets into the new mortgage account. Since the account can be accessed like a checking account, bills can be paid with a check or an ATM card. The most important part is that the homeowners' money sits in the mortgage account when it isn't being used. This lowers the daily loan balance, which is used to figure out the interest. On average, this saves hundreds of thousands of dollars in interest over the life of a loan. When a homeowner pays less interest, they have more money to put toward the principal, which means they build equity faster and own their home sooner.

Metekingi says that this gives homeowners the power to take charge of their own financial health. "With our program, a homeowner can fight the financial cancer of consumer debt and take advantage of current mortgage options to reach their goals sooner rather than later in life. This isn't a magic trick with numbers; it's just giving the homeowner back the interest spread that the bank makes."

Does everyone need this new type of loan and system?

Yes, if you can follow the simple rules of budgeting and have a positive cash flow or are willing to look at your budget to find ways to get your money back and make a lot of money. You must be willing to be coached and let your goals determine what you do. If you're willing to do that, the payoff is unlimited, and getting out of debt and paying off your mortgage in 6 to 10 years is no longer a dream, it's a reality.

"It is now possible to pay off your mortgage in 6–10 years, get rid of consumer debt quickly, and use your current income to start a big investment plan for the future. All of this can be done without getting more money or lowering the standard of living. The Mortgage Eliminator has given people in New Zealand and Australia the power to take control of their own financial futures in ways that many could not do before "says Metekengki. "It is now possible for the US to reach the same level of financial success and freedom that these other countries have already reached and proven."

Tags/Keywords: mortgage, debt free, refinance mortgage, pay off mortgage, mortgage elimination

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