SAVE THOUSANDS IN INTEREST
With the CMG Home Ownership Accelerator, you deposit your entire paycheck into this innovative line of credit, instead of your checking account, dramatically reducing the principal balance. Since interest is computed on your daily balance, you start saving interest immediately!

You also pay all of your expense out of your new line of credit. Until you need the money, it stays in your account, keeping your loan balance lower, saving 5 to 6% in interest costs, versus earning 1 to 2% in your old checking account.

PAY OFF YEARS EARLIER
Paying less interest means that more of your money can go towards paying down the principal, and you pay off sooner. If you’re a borrower with good cash flow, you could pay off an average sized loan in roughly half the time- with no change to spending habits!

INSTANTLY ACCESS YOUR EQUITY
For your everyday expenses, you have unlimited checks, and ATM/Visa P.O.S. card, and electronic (bill-pay) access to your funds, just like a regular bank account!

HOW DO I KNOW IF IT’S RIGHT FOR ME?
To see how the CMG Home Ownership Accelerator can work with your own unique financial situation, use the powerful interactive calculator after you have viewed the 5 minute movie.  Just click on the links below…it’s simple.  Then speak to the Certified Mortgage Planning Specialist who can give you a full evaluation.

FREQUENTLY ASKED QUESTIONS ABOUT THIS REVOLUTIONARY LOAN

What makes the loan pay off sooner?

The main performance driver is the fact that you direct-deposit all your income into this loan, driving down your principal balance dramatically. Interest is based on your daily balance. Even if you spend most of your income during the month, your daily balance will be less when compared to a traditional loan, and you save interest. This leaves more of your income available for principal, accelerating the buildup of equity with no change to your spending habits. Naturally, the more positive cash flow you have, the faster your loan paydown will accelerate.

The loan is based on the LIBOR index- why is the margin slightly higher than other loans, and what if rates go up even higher?

Here is where we’re changing the way mortgages are viewed. It’s no longer about the rate. It’s about how many dollars of interest you pay on a lower principal balance. With this loan, your principal balance is continually forced down by your direct deposit, and this can offset the effect of higher rates because you’re paying interest on a lower balance. This effect actually compounds as time goes on. The best way to observe this is to use the Interactive Simulator, (above) to discover why the slightly higher margin on this loan, which required due to its highly transactional nature, can have such a minimal effect on the overall payoff timing.

What is the payment?

Again, we’re changing the way mortgages work.. Every time you make a direct deposit of your payroll, or add funds from another account, you’re in effect making a payment. Then at the end of each monthly statement period, interest is charged based on your daily principal balance. If you have available credit, we simply add it to your principal balance.

Who is the ideal customer for this loan?

The CMG Home Ownership Accelerator is ideally suited for responsible homeowners with positive cash flow, who understand that parking their cash against their loan balance can earn them higher effective return than in a low-interest checking or savings account.

For more information about this loan, please contact Dave Surgeon, trained and certified to counsel clients regarding this unique loan.