How H.E.A.P™ Works

 

            The concept behind H.E.A.P™ is really very simple and is based on the following principals.

 

            - Having a monthly balance in a checking account is NOT a good idea (money in a checking account earns you zero or very little interest and that interest is taxed annually).

           

            - It is always best to use EVERY AVAILABLE DOLLAR EVERY DAY to pay down the debt on your home.

           

            - A good home equity acceleration plan will NOT require you to alter your spending habits.

 

            Understanding the following will help you understand the basics of H.E.A.P™.

 

            - Your bank or mortgage lender charges you interest on a daily basis (many people think of mortgages as a monthly expense when it is really a daily expense).

 

            If you can figure out a way to reduce your “daily” interest charges you can save a large amount of interest paid over the life of a loan.

 

            H.E.A.P™ is very simple in that the program shows you how to use EVERY AVAILABLE DOLLAR EVERY DAY to pay down debt on your home mortgage.  

 

            When you use EVERY AVAILABLE DOLLAR EVERY DAY your daily interest charges are reduced and doing so over the life of a loan has a tremendous compounding effect. This compounding effect will help you reduce the term of your loan by several years and save thousands of dollars in interest.

 

            Don’t believe it?

 

            Look at the following real world example for a typical American couple.

 

            Mr. Smith and Mrs. Smith earn $3,000 collectively twice per month as their take home pay (after tax pay which equates to $72,000 after tax in a dual income household). Assume they have a $250,000 house with a $200,000 mortgage balance.  Assume the interest rate on the loan is 6.25% loan with a payment of $1,231 a month (without taxes and insurance).  Assume the loan has 30 years remaining.   Further, assume that their monthly bills (not including the mortgage) are $3,500 a month.   

 

            How long would it take the Smiths to pay off their mortgage using H.E.A.P™?

 

            8.75 years!

 

            How much would the Smith save in interest expenses over the life of the loan using H.E.A.P™?

 

            $184,674!

 

            If the above numbers do not get your attention, nothing will.

 

            H.E.A.P™ is simple, does not require you to change your lifestyle and can save the average client well over $100,000 of interest and shave in excess of 10 years off the term of a mortgage.

 

            What is the above worth to you?  Is getting advice to implemenet H.E.A.P™ worth $10,000?  Is it worth $5,000?  Is it worth $3,500

            For the Smiths, it was worth $184,674!.

           

            You’ll be pleasantly surprised to learn that if you use a H.E.A.P™ trained advisor they, by agreement, can NOT charge you more then $750 for the advice to help you budget and setup H.E.A.P™. 

 

            If you are sufficiently primed to learn how you can use H.E.A.P™ to pay off your mortgae years quicker, please click here to fill out a form and someone will contact you with more information and how you can get started.

 

            Or with general questions, you can e-mail rhormell@espplanners.com.