Paidoff™ has announced a new system called the 'Much Faster Formula' to help homeowners pay off their mortgages much faster.
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With the new announcement, Paidoff™, the company's founder, Irina Saveliev—also known as The Mortgage Breaker—is raising awareness of the three pillars of the Much Faster Formula, which has been proven as a route to financial freedom across numerous case studies. These are Principal First, Simple Interest, and Unlimited Payments: three elements that work in tandem to provide a faster alternative to traditional mortgage payments.
More information can be found at https://www.thepaidoff.com/i-killed-our-mortgage-colorado-mom-shares-how-she-paid-off-her-home-in-1-5-years-and-how-you-can-copy-her-plan/
This system is based on the method that Irina herself used to pay off her mortgage in 1.5 years, taking a different approach to the common advice found online today.
She explains that, traditionally, homeowners have been advised to take out a 15-year mortgage, cut expenses, increase income, or downsize to accelerate mortgage repayment. Still, these strategies often prove impractical and unrealistic for many individuals and families.
Securing a 15-year mortgage requires higher monthly payments, which may be unaffordable for numerous households while cutting expenses is particularly challenging in the current high cost of living crisis.
Paidoff™'s innovative solution revolves around a 30-year First Position Home Equity Line of Credit (HELOC) that integrates checking and mortgage functions into one account. The first pillar of paying the principal first is huge. This allows homeowners to dramatically reduce their loan balance dollar-for-dollar, thus effectively reducing the amount of interest owed to the banks over time. With Paidoff™, there is also No Prepayment penalty.
Irina explains that the second pillar's main focus is on simple interest instead of compound interest. Simple interest calculations are based solely on the outstanding principal balance, whereas compound interest factors in accumulated interest from previous periods prevent homeowners from paying off their homes quickly.
The last pillar of unlimited payments allows homeowners to apply additional funds without any hassle. Additionally, Paidoff™'s approach offers higher levels of flexibility than traditional mortgages because there are no required monthly payments, late fees, or credit reporting implications as long as funds are available in the line of credit. Homeowners can make payments at their convenience, allowing them to align their mortgage repayment with their unique financial circumstances.
Irina states: "The Holy Grail lies in the three pillars of the Much Faster Formula. These are the real reasons you'll be able to pay off your home so much faster. They are interconnected pillars and work so precisely and effectively together that you'll be amazed at how fast they accelerate your payoff."
Interested parties can learn more at https://www.thepaidoff.com/i-killed-our-mortgage-colorado-mom-shares-how-she-paid-off-her-home-in-1-5-years-and-how-you-can-copy-her-plan/
Contact Info:
Name: Irina Saveliev
Email: Send Email
Organization: Paidoff
Address: 600 South Cherry Street Suite 143, Denver, COLORADO 80246, United States
Phone: +1-303-870-8337
Website: https://mypaidoffloan.com
Source: PressCable
Release ID: 89133221
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