Home Ownership Accelerator

Mortgage Resources

It's time to re-think the traditional 30 year mortgage.

DID YOU KNOW

THE TRUTH IN LENDING

Banks find it much easier and profitable to refinance your customer 6 times in 30 years than to keep them in a 30 year mortgage product all the way through payoff. Example:

Lending products are closed-ended and come with an amortization schedule which maximizes interest gain for the bank within the first 20 years of a 30 year fixed.

INNOVATION

Modeled after very popular programs offered in other countries and by adopting U.S. Commercial Banking Account functionality, the Home Ownership Accelerator loan was created.
The loan merges a customer's mortgage debt with the functionality of a secured checking account into one. Commonly referred to as a "Sweep-Account", this allows discretionary money that would have normally been sitting idle at your bank to be applied to the principal balance of your mortgage while it waits to be spent. There is no amortization schedule; the loan computes interest costs upon each day's lower loan balance reducing the overall interest costs on the mortgage, accelerating payoff.

SUMMARY

Your income deposited into the checking account lowers your mortgage balance
Your end-of-day balance is recorded and used to compute interest costs
Less of your funds spent on interest means more of your funds are left to principal
Your money continues to work for you and not the bank
This cycle repeats itself each month compounding interest savings
The net result is accelerated reduction of mortgage debt and early payoff
All the meanwhile allowing the borrower access to equity for 30 years
Equity access based on DTI and LTV at underwriting

JW Lending - 3941 Park Dr Ste 20418 - El Dorado Hills, CA 95762
Office Phone: (916) 730-6908 Fax: (916) 933-3256