« Just How Are Homeowners Affected by Changing Mortgage Guidelines | Main | Should You Really Change Your ARM? »

January 18, 2008



I want to congratulate you on your forthrightness regarding your investigations into mortgage acceleration products like MMA and CMG HOA. You came to the correct decision that if a person wanted to pay off their mortgage, the simplest way to do it is to send in extra principal every month. There are many Internet calculators that will tell you what your interest savings and payoff period will be.

Mortgage payoff products can be used as a last resort if a person isn't disciplined enough to send in the money on their own. These products act as a financial dashboard showing a person how each dollar spent affects their projected interest savings and payoff date. It is an expensive tool to say the least.

The comments to this entry are closed.

About Author

  • Robert D. Ashby
    was the first Certified Mortgage Planning Specialist in the state of Florida. He is also the owner of Solid Rock Mortgage Corporation in Pembroke Pines, FL and a pilot for American Airlines.


  • In case you missed the posts, this is to inform you that the Florida Mortgage Report is moving to a new domain which is already up and running with the same content here. Please visit www.flmortgagereport.com and subscribe to that feed. At the end of February, this domain will be hosting a Mortgage Market Daily blog called Florida Mortgage Daily. Please contact me with any questions or suggestions on the new site. Thank you.

Cool Websites

Blog Resources

Your email address:

Powered by FeedBlitz

AddThis Social Bookmark Button