By Edward Bisquera
One of the single largest financial purchases a person makes
a lifetime is a home. And more often than not, a home mortgage
is required to fund the purchase. But how many people have
told, that the current way a mortgage is paid off, is like a
cancer on our financial health? The mortgage and banking
industry has offered to the unsuspecting public the 30-year
fixed amortized mortgage the most expensive mortgage, a
financial cancer akin to the cigarette industry offering
US consumers have had no other choices, but to use a mortgage,
that only benefits banks and mortgage companies. Now a
revolutionary mortgage program is available that will show
how to pay off their home mortgage in as little as 7 years.
Enter Money Principal Group, a company located in Utah,
by Ariel Metekingi, anative of New Zealand. Their premier
innovative mortgage product, The Mortgage Eliminator, is based
on a 30 year+ proven Australian industry standard and model in
use by over a third of homeowners in that country. It was
introduced to the New Zealand market, where homeowners there
achieve similar results; paying off their debts and mortgage
average of 6-10 years.
This powerful new tool to combat the current financial plague
of debt combines amortgage and a full-service bank account.
new "all-inclusive" type loan creates huge savings in interest
payments and loan payoffs in one-half to one-third the time
requiring little to no change to current spending habits or
How does it work? Homeowners deposit income and other assets
into the newmortgage account and since it allows access like a
checking account, expenses are paid out from it by check or
card. The fundamental part is, that when the homeowners' money
isn't being used it sits in the mortgage account, reducing the
daily loan balance on which interest is computed. This saves
average hundreds of thousands in interest over the life a
typical loan and reducing interest means more money for
principal; so the homeowner builds equity faster and owns
"What this does for homeowners, is it empowers them to take
control of their financial health," says Ariel Metekingi,
founder and president of Money Principal Group. "With this new
loan program, a homeowner can combat the financial cancer
as consumer debt plus current mortgage options and it allows
homeowner to reach their goals sooner in life, rather than
later. This isn't a mystical trick of numbers; it is simply
taking away the interest spread banks earn and is given back
There are three steps that the consumer can take, in order to
reduce their mortgage payout and enjoy a home paid off in as
little as 7 years.
1. Decide what your goals are
One of the first steps with The Mortgage Eliminator program is
to have a clearer picture of where you are heading
financially-speaking, and decide on what kind of goals you'd
like to reach. First take a look at where you were five years
ago. What kind of expectations did you have than? Did you plan
on certain things to happen by now? If they didn't happen, do
you have the willingness to make changes to reach those goals?
Goal setting is important, because it allows you to create a
flexible plan and schedule to put into place and stick to.
Imagine where you'd like to be in 5 years. What would you like
Let's say some of your goals are to have an emergency fund of
at least one year of your current income and you'd like to
reach that amount in, say, 2 years. And another goal, (if you
have a child or children) is to set aside a college fund. And
lastly, you've been dreaming of that sports car you've always
wanted since you were a teenager.
Now that you have some goals in mind, what would it take to
reach those goals? And keep in mind that your household income
will probably remain constant.
Are there current investment options or debt elimination
options, which can help you reach those goals?
Using your flexible mortgage account through The Mortgage
Eliminator can greatly increase your ability to save interest
and money and free up resources to help you reach those goals.
And it doesn't have to drastically change your spending habits
or current household income. Just determine your budget and
where the money you make is spent in your life.
2. Set up a budget
The next step in paying off your mortgage quickly is to look
your current spending habits and create a budget. How
is this? That depends on your level of commitment and your
ability to discipline yourself into reviewing your budget.
One way that helps homeowners is through the included
software and personal coaching and review available with The
Mortgage Eliminator, from Money Principal Group. Studies show
and human nature reflects this, is that if we have tools AND a
personal Coach to help create and maintain a budget, we're far
more likely to succeed. Money Principal Group states that over
90% of its' clients achieve success with The Mortgage
Think of having a coach for your personal financial education,
just like a great tennis star has a coach or golf professional
has a coach. How many of us rely on a coach to become
With The Mortgage Eliminator, you're given that important
a coach to review, create and stick to a budget that creates
positive cash flow, which will take you to the next steps of
paying off your mortgage in less time, without any change to
your current income or spending habits.
3. Get a financial review and analysis
Everyone's financial situation is different and completely
unique. Imagine your situation as the human body and financial
debt (including a mortgage) as a cancer. Before a surgeon
operate on a patient, a complete review of the symptoms and
where tostart cutting, is done, BEFORE the surgeon performs
Think of a financial review and analysis as the same thing as
"surgical review" on your situation. What kind of mortgage are
you in now? Are you a first-time homebuyer? Are you in an ARM
loan and now may need to switch to a fixed rate loan?
What is your financial "picture" and your current budget? Your
income, expenses, current debt and your short-term and
long-term goals factor greatly into the financial review and
In order to determine just how quickly you can pay off your
current debts and mortgage (or how fast you can pay off your
first home, if you're a first-timer), a financial "snapshot"
review must be completed. Taking a look at your entire picture
of income, debts, and how it relates to your goals, is the
crucial step, in determining how best you should start your
What is the strategically best way for you to reach your
With a financial review and analysis from Money Principal
a plan is created to show you the best options that HELPS YOU
reaching those goals quickly. Only a loan that SAVES YOU MONEY
is offered and if it doesn't make strategic, financially sound
sense for you, it's not offered and a different course of
action is suggested.
Is this new loan product and system for everyone? Yes, if you
can achieve the simple disciplines of budgeting and currently
have positivecash flow or are willing to review your budget to
recover funds to create significant positive cash flow. You
must be coachable and allow the your goals to dictate your
planof action. If you're willing to do that, the payoff is
unlimited and getting rid of debt and your home mortgage in
6-10 years is no longer a dream, it's a reality.
"The ability to be mortgage free within 6-10 years, quickly
eliminate consumer debt and free up existing income to start a
significant investment program for the future is a now a
reality. This can all be possible without requiring any
additional income or reducingstandard of living. The Mortgage
Eliminator has empowered the individual in New Zealand and
Australia to impact positively on their own financial destiny
in ways, which traditionally, many could not otherwise
achieve." says Metekengki. "It is now available for the US, to
achieve the same level of financial success and freedom,
already experienced and proven in these international
For more information on how you can be debt-free and pay off
your home mortgage in as little as 7 years, and experience the
savings with the Money Principal Program using their
proprietary calculator, visit www.PDXLoan.com or call
1-800-862-0784 ext 21.
About The Author: Ed Bisquera, an event planner, music
and an author, has worked with record executives and Fortune
companies like Sony Records and Microsoft. He resides near
Portland, Oregon and owns blogs blog.PDXWebMedia.com,
blog.PDXLoan.com and manages www.PDXLoan.com.
Articles, interviews and consulting available at