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Accelerated Mortgage ProgramPayoff your mortgage is 6-15 years. Australia and United Kingdom Homeowners have been using a similar system for the last 12 years. In fact, more than a third of the households in Australia and about one fourth of the households in the United Kingdom are currently using a program to accelerate their equity. Many Fortune 500 companies use a banking technique called a "sweep account". This technique is used to reduce the daily calculated interest. Big companies started moving or "sweeping" their bank accounts daily to an outstanding interest bearing loan to reduce average daily interest. The media has recently done several stories on this "Mortgage Acceleration" Software. In May 2007, the Las Vegas NBC news affiliate Channel 3 did a special on how the program was starting to get more and more popular in the United States. For a Free analysis on how quickly you could payoff your current mortgage Click here.
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