November 24th, 2008
What’s Behind the Mortgage Acceleration Phenomenon, Math, Science, or Science Fiction?
What’s behind the controversial use of mortgage acceleration software to facilitate an early mortgage payoff? How do equity accelerator programs work? Is it math, behavioral science, or science fiction?
One of the most controversial subjects to hit the information highway in the last few years is the development of equity accelerator programs or the use of software to facilitate an early mortgage payoff. It seems that everyone has an opinion about these new mortgage principal reduction programs as to whether they are a mathematically legitimate and viable method of accelerating the payoff of mortgage and other debt.