News Releases

2008-06-11 00:00:00
San Diego, CA

American Homeowners Can Learn to Pay Off their Homes Rapidly from Australian Home Lending Trends
New Blog Offers News and Insight on the Home Ownership Accelerator.

(PressMethod) – With Americans household saving at an all-time low, a new and valuable information blog is now available online:

The Home Ownership Accelerator Blog

offers news, insight and information on one of the newest and most innovative home loan products.

The Home Ownership Accelerator loan allows homeowners the ability to use their own income with their checking and savings accounts to be tied to a new 1st line of credit (all 3 in-one account).

This allows home owners to pay off their home in as little as seven years. in Australia , approximately 33% of households and in the U.K., 25% use mortgage-accelerator loans. This loan product should not be confused with bi-weekly programs that require extra payments.

The hope is to get Americans away from the 30-year mortgage. There is also a disturbing trend of homeowners taking 40 and 50-year mortgages.

In seven years homeowners usually still owe approximately 88% of the initial balance on a 30-year mortgage. Also, American consumers don’t realize that the average length a 30-year mortgage is held is approximately 5-7 years then usually refinanced or a home sells and a new 30-year mortgage is obtained. The 30-year clock starts over again, homeowners have less of a chance to pay down their balance.

CONTACT INFORMATION

T. Owens

Home Ownership Accelerator Blo

Email Us

888-250-2125

http://www.homeownershipacceleratorblog.info

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