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The American Dream or Nightmare?

For decades the concept of the American Dream contained an element of home ownership. Most Americans made the biggest financial decision of their lives by buying a home, taking out a mortgage, and spending the rest of their working lives paying it off. That monthly payment was and is a big part of the family budget. For many, having a debt-free home in retirement was a primary goal and source of financial security. For this reason, use of a mortgage payoff calculator gained increasing popularity.

Since 2008, millions of Americans have been blindsided by the nightmare version of this dream. Yet mortgages are still a part of mainstream America. While down by a trillion dollars, there is still over $13 trillion dollars in residential mortgages outstanding.

Today, however, many homeowners are much wiser and don’t want the burden of that monthly payment for the next 30 years. Some people use a mortgage payoff calculator and take out a shorter-term loan. Others have decided to rent rather than buy or choose to buy smaller homes with lower payments. There is, however, a simpler way to deal with your mortgage debt.

Finding Freedom with a Simple Mortgage Payoff Calculator

We at Half A Payment™ understand that many homeowners dream of living in a home they own free and clear. While the issues of home ownership and mortgages are complicated and involve a number of factors, the simple truth is that many people pay for their home two or three times due to the cost of interest on the mortgage. Digest that for a moment – you can pay for your home several times under a normal, 30-year mortgage. Just check a loan payoff calculator and you will see the huge cost of interest.

The exciting news is that there are two simple steps that can save a lot of time and pay off a mortgage years early, regardless of the type you have. Our mortgage calculator with extra payments can quickly show you just how much can be saved with very little effort.

For example, the mortgage payoff calculator at Half A Payment™ shows you that applying our concepts will help you save in a really big way. If you take a hypothetical monthly payment of $1,200 at 6.9% and 30 years, nearly 10 years and $100,000 is saved with the PaymentPlus concept. Now that is real motivation for the average homeowner!

Want to live in a home that is free and clear? Visit Half A Payment™ today and use our handy loan payoff calculator to get started.