1. Why is it beneficial to me to pay down my mortgage?

Because you will have mastery over your finances when you are free and clear of your mortgage and other debts. You will be able to use the thousands of dollars spent on mortgage interest to invest, travel, assist your loved ones if necessary and generally have the choice to live your life as you wish ... peace of mind.

 

2. Is it really possible for me to pay off ALL my debts in such a short time?

Let us give you an example: if your mortgage balance is $100,000 with a $1,000 monthly payment. And if you have other debts, including car payments, that also require $1,000 monthly payments. The FMN system, on average, would pay off those debts in the first few years. Once the non-home debts are paid off, you would have an extra $1,000 per month toward your mortgage payment. Adding this to your regular payment, including interest, would allow you to pay off your mortgage in 5 years. This added to the first two years paying off your non-home debts brings you free-and-clear in 7 years! From then on you would have $2,000 a month to invest, leading to a possibility of accumulating $1 million in the time it would have taken you to just pay off your home mortgage!

 

3. Will I have to live like a pauper to do the Financial Mastery Now system?

You will need to adjust your spending behavior if you are in credit card debt, but you won’t have to live like a pauper. In fact, most people who are in debt are forced to live that way just to make their monthly payments. With this program you have a choice of only using our unique Financial Mastery Transfer Account (utilizing cash flow) to pay your payments or, in addition, to commit to a certain amount each month toward your debts, which will accelerate the financial rewards even faster.

 

4. What’s the risk or down side of going with this program?

The down side would be that you stop following the new money management practices and go back to managing your money the way you have always done it ... then you would get the results you have always had.

The secondary risk is if, after you start experiencing your new found wealth, you go “hog-wild” and create new debt.

 

5. Is this a debt consolidation program?

No. This program will eliminate debt, not just consolidate it.

 

6. Does this program require making extra mortgage payments?

No. This program is about keeping your money working for you in the best way ... does not require making extra payments, bi-weekly payments or third party payment programs. However, you will become debt-free faster by applying discretionary cash toward your financial freedom.

 

7. Is this program complicated or time consuming?

What we teach you is how to implement the new program in the way that is simplest and least time consuming with the intent to make it simpler and easier than what you are currently doing.

 

8. Isn’t it a good thing to have a mortgage so that I can get my tax deduction?

No. You are spending a dollar to save thirty cents on your taxes. Would you give someone a dollar for every thirty cents they give you? It’s better to not spend the dollar and simply pay the additional tax ... you’re money ahead.

 

9. Wouldn’t it be better for me to save my money or invest in CDs or savings bonds instead of paying off my mortgage?

At this time, with low interest rates and fixed mortgage interest rates at about 6.5% it is hard to find a good return for your money. You would have to invest in stocks, non-government bonds, mutual funds or real estate to get higher rates of return. However, all of these investments come with risk. Paying down your debt is risk-free and the return on your investment is immediate. When your mortgage and debts are paid off in six to ten years, just think about all the money you will have to invest at that time if you choose.

 

10. Will this program help me accelerate payment of debts other than mortgage?

Yes, most other consumer debts (credit cards, revolving accounts, car loans, educational loans, etc.) would be paid off first before accelerating the mortgage. Once your high interest debt is paid off, then you can concentrate on paying off your mortgage. You might even find that your credit score improves in the process!

 

11. I am approaching retirement in less than ten years, is this still a program that can benefit me?

Yes. Many believe that we are now at some of the lowest tax brackets in history. This means that it is very possible that as you get closer to retirement, you might be in a higher tax bracket. If you’re paying more taxes you will have less after-tax income and, therefore, will have to make more just to pay your mortgage. It makes sense to pay off your morntage early as you approach retirement.

 

12. Why is it good to invest in my mortgage debt?

Years ago, if you wanted to get a lot of money out of your house you either had to sell or refinance, sometimes in a hurry. Today it is easier than ever to pull money out of your home if you find it necessary. There is a much more relaxed lending environment than years ago where more people can get a home loan - people with less than perfect credit and self employed people can get home loans much more easily than five or ten years ago. Even people with no income can can get loans! These loans can help you pay off your mortgage while still allowing you to access cash instantly.

 

13. Can I be sure that this is safe? Do I have to give you my account numbers and access to my financial accounts?

We never have access to any of your accounts. You will receive coaching from one of our FMN Financial Coaches to make sure you understand the process and when and where to make payments or transfer your money. You will handle your accounts yourself.

 

14. Do I have to pay you up front and out of pocket?

No. We do not receive our fee until your Financial Mastery Transfer Account, or your new mortgage (if you opt for a new mortgage) is fully funded. Your fee to us does not come out of pocket ... it is tacked onto the mortgage or FMTA.

15. Is this concept something brand new?

No. It has been practiced for many years, particualrly by the "Fortune 500" and the "Big Boys" ... however, Wall Street does not want the "masses" to know about or use these money management practices ... they want us to continue to "work for them" by sending our hard-earned monies to them for 30 years, and in most cases, the rest of our lives!

Financial Mastery Now is simply bringing together all of the best practices in order to serve you.