How it works.
Bank your money in your mortgage. With the Home Ownership Accelerator, you direct-deposit your entire paycheck into your mortgage, instead of your checking account. This immediately reduces your principal balance. Since interest is based on your daily balance, you start saving interest immediately compared to traditional loans!
 Access your funds just like you used to. You pay all of your expenses out of your mortgage, just like you would with a traditional bank account -- using the unlimited checks, free ATM/Debit card, and free online bill-pay that comes with the account. Until you need the money, though, it's in your mortgage in the form of a lower principal balance, saving you 5-6% in mortgage interest, instead of earning 1% in a bank account. Less interest means that more of your take-home pay goes towards principal, and you pay off sooner. With no change to spending habits!
If you haven't already, play The Movie: How it Works to find out why this loan is so powerful. ( Need Flash player? )
How effective is it?
If you're an average borrower with good cash flow, you could pay off an average sized loan in as little as half the time – with no changes to spending habits.
Seeing is believing. Try it for yourself.
Use our powerful Interactive Simulator and see how the Home Ownership Accelerator can help you achieve financial freedom sooner.
 Still have questions?
See the answers to the Top Five Questions customers often have or download our four-page Questions and Answers document (required Adobe Acrobat Reader).
Specifications
- Loan type: Adjustable rate line of credit, based on 1-month LIBOR index.
- Adjustment period: monthly
- Term: 30 years
- Lifetime cap: 5% over start rate
- Minimum credit line: $100,000
- Maximum credit line: $2,500,000
- Minimum down payment: as low as 20%
- Minimum credit scores : 680 (excellent credit)
- Withdrawals: ATM/Visa P.O.S. card with 8 surcharge-free ATM transactions per month at any ATM, checks, bill-pay, ACH, EFT.
- Payments: Direct payroll deposit (required), EFT, ACH, Bank by mail.
- Statements: Monthly. Online account access.
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