This is something new that we are working on. It is actually done, but still in testing. It looks just like our original mortgage accelerator software, but instead of using a HELOC to help you pay down the mortgage, it uses a savings account. It is nothing that you could not do on your own, but the software will provide you with a road map and a way to see how a few bucks each week can help you pay off your mortgage.

We feel that with the lack of HELOC’s available in some parts of the US, this might be something that will appeal to people more.

It has a nice wizard interface that will get some basic financial data from you, including your monthly bills and deposits. It will even ask you for a “cushion” that you would like to keep in the savings account. Then it will quickly optimize and show you how fast you can pay off your mortgage, just by using your savings account. It has a mortgage and savings account table for you to see how things will work from day one to payoff. You can import your own bank statement and it will recalculate the savings and pay off date.

So far this software is looking pretty good, stay tuned….

Streamline Your Debt Team

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