Are Mortgage Acceleration Software Programs the Fastest Way to Pay Off a 30 Year Mortgage?
In today’s financial environment, we can’t rely on the appreciation of our assets to improve our future financial position. With consumer and personal debt nearing ten trillion dollars, home values and equity declining, and personal investments gone south, consumers are concerned and are looking for solutions. There are many debt management programs on the market designed to help us improve our future financial security. A suitable strategy designed to pay off our mortgage and other debt may be the best use of our personal financial resources. Traditionally, financial advisors have made their living on the left side of the balance sheet and have provided little guidance in terms of effective debt management. There has been an increasing interest in acceleration planning. An acceleration plan is a set of generic instructions or a “road map” to accelerating the payoff of mortgage debt. This would include the bi-weekly payment plans, the progressive payment plans, and “snowball” or “roll-
