Free Mortgage Calculator 1.1
3 types of people who don't pay mortgages: the rich, the poor and the smart.
Mortgage Lenders don't want you to know that there are 3 types of people who don't pay mortgages: the rich, the poor and the smart.
You see, if you're like most Americans, you don't really own your home, your lender does. You actually own a mortgage, a debt instrument, which doesn't benefit you, the "future" homeowner.
The Facts are...
After paying 15 years on your 30 year mortgage, you'll still owe 90% of the amount you borrowed.
After paying nearly 24 years, you'll still owe over 50% of the amount you borrowed.
Your lender will still own over 50% of your home after you've been making payments for over 23 years on your 30 year mortgage.
You'll pay over THREE TIMES the amount you originally borrowed before paying off your mortgage.
To make matters worse, the F.D.I.C. estimates that lender mistakes occur in 1 out of every 2 mortgages, overcharging homeowners $8 - $10 BILLION each and every year.
On a conventional 30-year mortgage, you'll make over 120 unnecessary payments!
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