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FIB - Scams 101
Re: $3500 for software to pay extra on your mortgage?
Posted By: Sue Copening In Response To: Re: $3500 for software to pay extra on your mortgage? (Jim G)
Date: Friday, September 21, 2007, at 5:38 a.m.(pst)
In Response To: Re: $3500 for software to pay extra on your mortgage? (Jim G)
>> Why in the world would anyone spend big bucks for software when they
>> can do it for free with a hard look at their amortization schedule?
People buy the software for 2 basic reasons....
1) the margins in the math that get you a better result than what you could do on your own are small margins easily destroyed by error. The extra $10,000-$50,000 edge could be missed if you do this as a guessing game, or if you do the math - but make errors in your calculations.
2) Less than 5% of people stick to a diet. This CONCEPT of using an equity line to pay down a primary mortgage has been around more than 12 years... yet is has never caught on. Why not? DISCIPLINE. But if you make something EASIER to do... and save people TIME... then more people will stick to it. The software makes this easy and only takes people 10 minutes a month to do.
Our company was audited by the State of Utah and during that audit 3 things were discovered...
1) That 98% of our clients were logging in monthly... they were sticking to it.
2) That our clients got, on average 15-25% better results than were initially projected in their Analysis (money back guarantee is tied to that analysis).
3) That even though our clients were using (on average) HELOCS that had stated yearly interest rates of 8-10% (on average)... they were performing at an EFFECTIVE interest rate of a tad over 3% (average).
Does it make sense to borrow money at 3% to pay off at 6%?
Apparently so... as our sales increased 65% last month alone.
>> Most people, in fact, already know how it works:
But YOU do not know how this works Jim. For instance, you do not know why the heloc is important and why the revolving open-ended structure of the heloc results in an lower effective interest rate than the stated yearly rate.
This is the most basic concept of this program... but you did not stick around long enough in the presentation to understand this. If you had, you would not be calling folks brain-dead - an unkind thing to say.
This is not some magic thing... YES... most of the savings is in your own discretionary income (we tell folks this right off)... and you COULD do this on your own and get MOST of the savings. But how much would you be leaving on the table? The margins (extra edge) you get in the MATH more than make up for the cost of the tool that helps you achieve these results and stick to the program. So why do you think it is stupid to pay for a tool? We use tools for things all the time simply because they do a more efficient job and save us time and aggravation.
Let me ask you Jim... where are YOU in your mortgage? How many years have you knocked off your mortgage so far by paying down principle? How good a job have you done on your own so far?
Why not give me YOUR numbers and let me show you where you would have been with THIS?
That way... instead of debating the math concepts that you do not understand yet... I can just show you in black and white... in the math... what we could have done for you. Who knows... maybe you will win my prize. If you have paid down your mortgage already and FASTER than we would have done it... I'll send you a gift certificate to a restaurant of your choice in your area!
Just go here and put in your numbers...
You can use a fake name and address... it only needs the variables for debt and income. You DO need to provide an accurate email address if you want me to email you the results... but if you do not want to do that... I can just post the results here as a side by side comparison with our Analysis!
Messages In This Thread
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