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— Slide 9: Where to Find Lump-Sum Payments —
But Who Has $35,000 to Invest?

This is where the mortgage payoff plan comes into play. There are two components of the program that can help you make and manage these lump-sum payments:

  1. The BLOC (Banker Line of Credit):
    you will use an BLOC as your money account. All of your income and living expenses come into and out of the BLOC giving you access to funds at "canceling interest".

    The BLOC will then be used to make lump-sum payments to pay down your mortgage:

    we will discuss this subject in the next topic


  2. The MMA Software:
    a mathematical model that calculates the amount of your lump-sum payment based on your current cash position.

    The MMA software functions as your personal online "dashboard" that tracks, monitors, and budgets your quick mortgage payoff plan.

    we will discuss this subject under MMA software
 

 

end of discussion: go to Mortgage Payoff Tips

 

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  • [view]SL1: Review
  • [view]SL2: Amortization
  • [view]SL3: Interest Paid
  • [view]SL4: Paying Extra
  • [view]SL5: Acc Types
  • [view]SL6: Which Option
  • [view]SL7: Pay Upfront
  • [view]SL8: Making It Big
  • [view]SL9: Get $$$
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