LoanStomper is a roadmap to accelerating your mortgage,
paying off debt and achieving financial freedom.
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Cuts years off your mortgage
Saves you tens (sometimes hundreds) of thousands of dollars in interest.
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Eliminates your debt
Prioritizes which credit cards and loans to pay off soonest for maximum savings.
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Retire with peace of mind
Accelerate your mortgage and pay it off before retirement
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Investors & multiple property owners
Handles an unlimited number of properties, mortgages or loans with superb accuracy.
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Easy to use
You'll be up and running quickly; on your way to financial freedom.
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Available 24/7 from any computer
Web-based so there is nothing to install. Works with Windows and Mac.
Why should I pay off my mortgage early?
Most homeowners are unaware that beginning years of their amortized mortgage payments are almost entirely interest charges. The first mortgage payment is over 85% interest; almost nothing goes towards the principal balance!
The problem for homeowners is that this doesn't change much at all in the first ten years! In fact, after 7 years, the payment will still consist of nearly 78% interest. It takes almost 20 years before even 40% of the principal balance is paid off. That's a lot of money wasted on interest payments that only line the pockets of the banks. Over the life of a mortgage, the average homeowner will spend over $200,000 in interest!
So what can I do about it?
The only way to reduce the amount of interest paid is to reduce the principal balance as quickly as possible.
Some homeowners have done this by sending an extra payment or setting up a bi-weekly payment plan. Those are effective but all suffer from the same flaw: all those extra payments are permanently applied to the principal balance. This means if there was an emergency or money was needed for home improvements or investments, the homeowner would need to resort to refinancing or opening a line of credit.
Recently, some savvy homeowners have discovered "mortgage acceleration." This commonly refers to utilizing a home equity line of credit (HELOC) and a credit card to "float" monthly bills while using income to lower the principal balance on the mortgage and reduce the interest charged. With a line of credit in place, the homeowner can access their equity as needed without costly refinancing.
This is a more effective method of paying off a mortgage quickly but juggling these accounts and determining how much to pay and when can be time consuming. Additionally, this is not the only solution! There are 3 forms of mortgage acceleration. How can you determine which method of acceleration is best for you?
This is where LoanStomper comes in...
LoanStomper is a simple-to-use computer program that provides you with the roadmap to take control of your mortgage. Simply tell LoanStomper the details of your mortgage situation, income and monthly expenses.
In fact, LoanStomper works with all methods of mortgage acceleration and other debts. LoanStomper can help accelerate the pay off of student loans, car loans, credit cards and even multiple mortgages for multiple properties.
Ready to see LoanStomper in action?
We'd love to show you how LoanStomper can help you reach your goal of being debt-free and saving hundreds of thousands in wasteful interest payments. Qualified homeowners will receive the software for FREE (a $795 value).
