Customer Reviews

How to Own Your Home Years Sooner - without making extra interest payments

5 star:		(34)
4 star:		(4)
3 star:		(3)
2 star:		(2)
1 star:		(3)

 

 

I also saw Harj at Millionaire School in 2006 and he was great.

One of the previous reviewers called the book deceptive and even pointed out an example from the book:
"The author sets up 2 individuals and claims they are equal. Then he states that one has no mortgage and one does."

He must not have read the book very carefully.

"Then uses the numbers to show how having no mortgage is better."

What the book actually used that example for was to show that the tax deduction for mortgage interest paid alone is not worth maintaining a large balance on your mortgage. The tax deduction will help ease the pain, but it will never make up for the money you spent paying interest. A house is definately a great investment but why pay more more money in interest than you have to?

This is a revolutionary book. In fact, it's already revolutionized the Australian banking industry.

I've implemented this system already. I opened a new HELOC account (no application fee or closing costs required). I have not cut down on my expenses or factored in any increases in my income, nor am I refinancing my current mortgage.

All told, my investment to make this work was the $25 for the book and that was it.

How much will I be saving? $236,445

___________________
The traditional way
Interest rate: 6.250%
Time left on mortgage: 28 years
My current mortgage amount: $285,000
Total cost of interest: $323,996

Total cost of the mortgage: $609,318
______________________
Using Harj's System
Interest rate (same): 6.250%
Time to pay off: 11 years, 5 months
Total cost of interest: $88,943

Total cost of the mortgage: $371,480
________________________________


Total Time Saved: 19 years 7 months
Total Interest Saved : $236,445

My only caveat is if you are going to use this system, you need to be disciplined enough to track your expenses monthly and stick to that. If you can do that, you too can easily save thousands of bucks on your mortgage!

This is definitely a 'must have' book for anyone who owns a home, wants a home, has a mortgage, has debts, doesn't have debts but wants to increase their investments, or, ahhh, did I leave anyone out? Heck, my mom, with just a bit of cash from selling the family home, could profit from this book even though she doesn't now have a mortgage!

What I really liked about "Own Your Home Years Sooner!" was the simple, step-by-step explanations of what could have been complicated financial hoo-hah to some of us, myself included. Usually I pass this type of stuff to my 'former banker' husband. But even I could understand how Harj's system works and was even able to talk to others about it in a coherent fashion.

If you are considering any of those bi-weekly or weekly payment plans and the like, you MUST read this. The author gives a great rundown on these programs and how they work (or don't work).

I read the first edition and talked with the author too and know he has even more helpful chapters planned for us. Be sure to see his website for the latest updates.

It's a quick easy read, but you'll be referring back to it as the potential of it begins to sink in. You really can own your own home sooner.

As I do not yet have a mortgage (we are looking for a home and mortgage right now), there was not a lot of specific advice for first time home buyers. Talking with the author, he really wrote the book for people with mortgages, but with the 80-100% LTV loans now available in the US, he may have to add yet another chapter to this book for us on the purchasing side.

Even without the specific advice, I was able to talk rather intelligently with a mortgage company owner using the lingo I learned in the book and that itself was worth the cost of the book! Now we also know what to look for in a mortgage as we shop. Get it, read it, apply it. It's simple really.

P.S. If you are a mortgage broker, PLEASE get this book so you can really help your clients 'own their own home sooner'. I am sure they will thank you by rewarding you with lots of referrals!

The bank officer crouched below the top of her carrel wall, leaned toward me across the desk and whispered, "THIS IS BRILLIANT!" I'd just explained Harj Gill's idea so she could help me with some transfers.

I heard Harj speak at Millionaire School (see T. Harv Eker and Secrets of the Millionaire Mind). I bought his book immediately, knowing it would be the best $25 I'd ever spent on wealth creation. If we continue at the pace of the last four months, the remaining 28 years on our dream home in Sedona will be reduced to 5 years and 3 months.

How does this create wealth? Which would you rather have? Tax-deductible interest payments or high-yield, tax-liable interest earnings? Duh! Our $240,000 interest savings will be invested in wealth-creation opportunities, such as more properties.

In case you're wondering, No, this isn't about paying twice a month or making an extra payment each year. Those techniques will help, but not as much as Harj's approach. So, combine what you already know with this step-by-step, easy-to-read guide, and you'll be a land baron before you know it!

I found this book "How To Own Your Home Years Sooner" very clear and easy to read. While reading about numbers can be very dry I found Mr. Gill's humor added a lot of fun and a few laughs. The concept on how to own your home sooner is brilliant and simple really if you're willing to keep your focus on your goal. I highly recommend this book to everyone who is paying a mortgage and let each person decide for themselves if it's right for them. I personally bought two copies and gave them to my children who are both paying on mortgages. Happy reading.

This is a great book. I had a mortgage broker look at it and he thought it was a good program--the only drawback he saw to it was that it would take discipline. By the way don't pay $80 for this book from 3rd parties. Go to the author website[..]

This entire book could be summed up in 10 pages. It is terribly repetitive. The basic premise is that one can use a HELOC instead of a Checking Account so that your money doesn't sit around idle while mortgage interest is accruing. This may have some merit, but it is not clear how much of the savings is due to putting all of your disposable income towards your mortgage. The big trade off is a loss of liquidity. I have been aware of this strategy for a while, and I hoped that this book would help to prove its effectivness, and explain exactly how to do it. It falls short. After reading numerous message boards on the subject, this book tought me nothing new. It really feels like an informercial that I paid for.

A great concept but the book doesn't show you step-by-step how to implement it; Instead it just encourages you to purchase the authors subscription-based software. My wife and I have implemented these ideas and found them highly effective. However, they are also highly risky concepts if you don't have total control over your budget. Otherwise you could end up in even more debt than you began with.

I was a bit skeptical at first, but now, I think this book is a must read if you want to STOP paying more interest on your mortgage than you have to. What I liked about it is that it takes a potentially complex subject and makes it extremely easy to understand. The book reads as if the author is engaging you in a one-on-one. conversation. By the time you finish reading it you realize that the price of you not implementing this system will cost you tens of thousands of dollars in interest that you never have to pay.

I also attended a weekend workshop facilitated by the author and that really brought home the power of this system. I walked away knowing exactly how much time and interest I'm going to save on my mortgage because we created our own individualized plan. I'm telling everyone I know to do this because it certainly changed my life. If you get a chance get this book and attend the workshop - they are run by American Mortgage Eliminators. Hope this helps you.

Never before have I read or even heard of anything like the information that is in this book. It is the most comprehensive, straight-forward and informative book I have read about mortgage reduction. And perhaps the most miraculous thing about this book is that it is not boring!Haha...and there are some really cool and inspirational quotes. (for all you quote lovers....)There is also great online support for anyone who desires additional coaching and support after reading the book and taking the next step in owning their homes sooner.

I did some checking on the Author (Harj Gill) before I bought the book and came to realize he has already sold over 150,000 copies of his book in his old home of Australia before moving here to the U.S. a few years ago and creating his U.S. Edition of this book. I also read alot of positive editorials about his mortgage reduction strategies and, after reading the book, I understand why they have been so positive. This book is a must read for anyone (with common sense) who wants to take control and build an aggressively growing Asset base...not to mention, save thousands of dollars in interest.

The mortgage elimination system is so simple, that it is brilliant. This book and system has opened my eyes to see how trapped in debt I have been, due to the American mortgage system. Now, I have hope to get free of paying interest on my home mortgage and on my business line of credit. I am truly thankful for finding this book!