What is a mortgage payoff plan?
A mortgage payoff plan is a personalized road map that shows you how to eliminate your home loan. Most homeowners spend years paying down the interest on their loans. In fact, during the early years of a loan, payments are approximately 80% interest. When you talk to a Sydney Financial Group expert, we’ll show you how to leverage your money so that interest does not accrue as fast. Your mortgage payoff plan will provide the structure to let you pay down your loan with any expendable income you have. We’ll show you how to combine a home equity line of credit with a special mortgage checking account. When using a mortgage payoff plan you won’t need to worry about having backup money for unexpected needs. You’ll always have a low-interest line of credit available for emergencies. Are mortgage payoff plans really successful? Yes. Homeowners in countries such as Australia, Great Britain, and Canada have used mortgage payoff plans for over two decades. American homeowners are now saving tens
