Secrets Banks and Lenders Don't Want You to Know/ Mortgage Free for Life! (Paperback)

by Richard Weathington (Author), Beth M. Ley (Author), Ph.D. (Author)

Editorial Reviews

Review
It took me a little while to understand this system, but now I do, and WOW! Now consumers have the upper hand on their finances. I am going to inform all of my past clients, as well as friends and family. Cheryl Caspillo (CC Mortgage) --BL Publications

Phenomenal product, I am going to learn as much as I can about this and save my borrowers tons of money. Noe Longoria (Simplex Mortgage) --BL Publications

Product Description
YOU CAN pay off your typical 30-year mortgage in as little as 7-10 years! YOU CAN save thousand of dollars on your mortgage! YOU CAN accelerate your wealth building (building equity FAST), with simple strategies for real estate investing! YOU CAN lower your monthly payments AND begin building equity immediately! Warning: Are you making these major money mistakes? 6 Making minimal payments on your mortgage? * Depositing money into traditional bank account, where they make all the profit on the use of your stored money? * Making one extra payment a year or on a bi-weekly scheme, which only cuts a few years off a mortgage, but costs you more out of your budget? * Just making the minimum payment on all your credit card payments? * Focusing only on the monthly payments or interest rates alone? Jump ahead of the game now. Thousands of informed people are now discovering how to be living free and clear, who never thought they could.

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Product Details

• Paperback: 224 pages
• Publisher: BL Publications (September 1, 2007)
• Language: English
• ISBN-10: 1890766402
• ISBN-13: 978-1890766405
• Product Dimensions: 8.2 x 5.3 x 0.6 inches
• Shipping Weight: 10.4 ounces (View shipping rates and policies)
• Average Customer Review: 3.3 out of 5 stars See all reviews (16 customer reviews)
• Amazon.com Sales Rank: #145,966 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

82 of 92 people found the following review helpful:

1.0 out of 5 stars Disappointed., December 3, 2007

By	A. Hinojosa - See all my reviews (REAL NAME)

This is not a new system. I had encountered it some years back. This book was not well written. It has a lot of redundancy. And the examples to not make sense unless you make certain assupmtions. As far as the system goes, it appears you must have some "surplus" money at the end of the month. In the examples it is $1000. If you have an extra $1000 a month, you do not need this elaborate system to get the same results.

59 of 66 people found the following review helpful:

1.0 out of 5 stars "Without making extra payments" is a lie., April 19, 2008

By	Icare - See all my reviews

Do the math. A $100,000 mortgage fixed for 30 years costs $600, if you got it @6% interest. Let us assume you found somebody who gave you the loan interest free, so all you have to pay back is the principle. The claim is you can pay it off in 7-10 years. I am using the 10 years, which means you have to pay $10,000 a year each of the next 10 years. Divide $10,000 by 12 months and you arrive at $833 a months or $233 more than your current payments. You have to make "extra payments" even if you call it something else.

38 of 43 people found the following review helpful:

1.0 out of 5 stars An absolute ripoff!, July 14, 2008

By	Mo "Malsalib" (downey, ca United States) - See all my reviews (REAL NAME)

Water is water! Dah! There is nothing of significance that you can gain from this book! The measured savings are insignificant with a lot or risk! The author was very repetitive to either lengthen the number of pages or he does not understand what he talks about.

The TV ads proclaim shorting the time to pay mortgage by 40% without any additional payments/funds, it's clearly wrong, even a layman can see that you need to pay additional 12000.00 each year to accomplish this.

Well, that's no secret or needs a smarts to figure it out.

Save your money and time, There are no short cuts.