Introduction
On average, a person stays in their home five to seven years. The banks know this. In those five to seven years, over 80% of the mortgage payment goes straight to interest. Because the banks “front-end load” a mortgage with interest, no one ever comes close to paying their home off.
Did You Know? Most homeowners make at least 45-50 years of mortgage payments throughout their life.
This side-by-side comparison of a traditional mortgage repayment shows you how much you can accelerate your mortgage by using XYZ Mortgage’s system.
| XYZ Mortgage's Program | Traditional Program | |
| Starting Balance for 1st Mortgage | 150,000 | 150,000 |
| 1st Mortgage Balance in 1 year | 126,000 | 148,000 |
| Repayment Time | 12.4 years | 30 years |
| Total Interest Paid | 53,000 | 153,000 |