Replace Your Mortgage

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Replace Your Mortgage

The Proven 6-Step Method To Paying Off Your Home In 5-7 Years Using Just Your Current

Income

Michael Lush and David Dutton

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All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, record- ing, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law. For permission requests, write to the publisher, addressed “Attention: Per- missions Coordinator,” at the address below.

Michael Lush and David Dutton - Replace Your Mortgage

4044 Sequoia Trail Spring Hill, TN www.ReplaceYourMortgage.com

Printed in the USA by MiniBuk.com

Replace Your Mortgage -- 1st ed.

ISBN 978-0-0000000-0-0

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THIS BOOK IS A GIFT FROM:

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After reading this book, we encourage you to

go to www.ReplaceYourMortgage.com and

sign up for our FREE webinar that provides

more detail about using the proven 6-step

method to paying off your home in 5-7 years

using just your current income. You owe it to

yourself and your family to learn how to im-

plement this method.

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“If people understood the banking system, there would be a revolution by morning.” Henry Ford

If you are like me, you have looked at your mortgage statement and seen how regularly making those monthly payments barely makes a dent in the principal balance. Ouch! I feel your pain.

Fortunately, you are about to discover a proven 6-step method to paying off your home in 5-7 years using just your current income.

This method is not on trial. The evidence is

in, and it works! What is on trial is whether

you will actually use this free information to

set your family free from debt.

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Who Is This Method For?

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This method is for…

 A current homeowner or potential homeowner, specifically someone who does not want debt to dictate their flexibility.

 A current homeowner with 10% equity or a potential homeowner with a 10% down payment.

While these figures are ideal, we have found several banks that do not require any equity!

 A person with at least a 640 credit score.

Take note that this is a decent, not perfect, credit score.

 A person who is cash flow positive, meaning your income exceeds your expenses.

If the above information describes you, why wait any longer to begin the 6-step method, which has worked for millions of others. This method is for you!

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What Is This Method Not?

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This method is NOT…

 An illegal scam or a “trick.”

 A HARP loan, Streamline refinance, nor any other traditional mortgage product.

 A tool reserved for the wealthiest among us.

This method uses a little known financial product banks have had for decades called the home equity line of credit (HELOC).

I have been in the mortgage business for 14 years and have originated thousands of mort- gages. It was not, however, until a meeting with my mentor, 4 years ago, that I discovered the power of using a HELOC to pay off a home mortgage quicker.

My mentor had several wealthy clients, who

I wanted to meet in hopes of gaining their

mortgage business. When I proposed my idea

to my mentor, he shared something quite un-

expected with me.

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His wealthy clients did not have mortgages!

Being wrong about the mortgages, I naturally assumed they had simply paid cash for their homes. Wrong…again! These wealthy clients used lines of credit.

The 6-step method explained in this book is the same strategy the wealthy use to pay off their homes faster than some people are able to pay off their cars. This 6-step method is not reserved for the wealthy.

See, I used to chase low interest rates and low payments on long term loans like every- one else—never getting anywhere. That was before I learned about the 6-step method.

Now, my family and I are just eighteen months away from paying off our home!

We did this without making more money, cashing out retirement or college funds, or sacrificing our lifestyle. We did this on just my current income, and you can too!

Oh, and I did not invent this method. It has

been around since 1997.

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Why Is This Method

Not More Popular?

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This method is not more popular…

…simply because it is not profitable for banks!

Let me give you an example.

A 30 year mortgage on a $250,000 loan with a 4.5% interest rate will cost you $456,016.78 over the term of the loan. This total does not include closing costs or mortgage insurance.

Also, it is unlikely your home will appreci- ate enough, even over 30 years, to actually be worth the $456,016.78 you will have paid to the bank.

So, you see, if banks marketed a HELOC over a traditional mortgage, they would lose a lot of profit.

Another shocking reason why this method is

not popular is that most loan officers and

bankers know nothing about it! Their low

rate/long term institutionalized tunnel vision

keeps them blinded to better alternatives.

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If the loan officers do not understand the benefits of a HELOC, how are they ever go- ing to teach it to you?

NOTE: Both David and I are mortgage

lenders. While we know a HELOC is the best

option, some individuals will not use the 6-

step method for various reasons, whether they

do not qualify or they believe that what we

teach is simply too good to be true. Those still

interested in a traditional mortgage should

contact David Dutton at 615-796-0104.

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The Solution?

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The Solution is simple…

You will use a HELOC to pay off your mortgage. Clients can usually do this in about one-third of the time. We have even seen some clients pay off their loans quicker than most people pay off their vehicles.

Note: If you attend one of my classes, you will learn the exact type of HELOC to use along with my list of the 24 banks that offer these types of loans.

Once you have your HELOC account setup, you will begin adding money to the account.

You will then pay all of your bills from your

HELOC account. Money in this account can

be accessed at any time. See, unlike a tradi-

tional bank account where adding money

raises your balance, any money remaining in

the HELOC account after paying bills will

drive down the daily balance owed, resulting

in you paying less interest than you would

with a traditional mortgage.

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Some of the other advantages in using a HELOC include:

 no closing costs, which will save you at least $2,225, if not more;

 no mortgage insurance…ever; and

 no down payment since some banks will

offer 100% financing.

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How To Build A Real Estate

Empire Using A HELOC

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You can build a real estate empire by using this method to actually build wealth, not just paying off your loan more quickly.

Imagine how much money you could invest if you did not have a mortgage payment.

By using the Replace Your Mortgage 6-step

method, you could own two homes free and

clear by the time your neighbor pays off just

one home.

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www.ReplaceYourMortgage.com

One option would be to use a HELOC to buy a vacation home then rent the home when you are not using it, which will help pay off the home even faster!

Now you are getting paid to vacation in your own home!

Powerful right? Are you seeing the oppor-

tunity? Remember, this is not magic, it is

math.

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Our free daily webinar provides the details on buying investment properties and how a HELOC can work with investing in general.

Be sure and register for the free webinar by going to www.ReplaceYourMortgage.com.

The daily webinar is designed for those in-

terest in investing, but it is also the starting

point for those who are not interested in build-

ing wealth but simply want to pay off their

home in 5-7 years.

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What Should You Do Next?

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Next, you get to decide whether to pursue this proven method of paying off debt or whether to pass and continue on as before.

Do you remember the movie Indiana Jones?

There is an iconic scene where Indiana needs to cross a massive canyon to get to the cave?

The map showed him that he was in the right place, but to actually move forward, he had to have faith that there was a bridge for him to cross, despite it not being visible.

You are in a similar situation right now. You

are holding the map, and in front of you is a

bridge that leads to greater financial freedom,

but you have to have the faith to take that first

step.

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www.ReplaceYourMortgage.com

Here are your options:

Option 1: You can choose not to step onto the bridge. Maybe this all sounds good, but you just feel more comfortable paying the bank the equivalent of two homes instead of one.

Option 2: You can choose to get more infor- mation on implementing the 6-step method and on attending my class.

We offer a free webinar 7 days a week that you can attend from the comfort of your home, during which we dig into the details about HELOCs and the exact 6 steps to follow.

Option 3: You can choose a free one-on-one discovery call to determine:

 how many months faster you will pay

off your mortgage using the Replace

Your Mortgage 6-step method vs a tra-

ditional mortgage;

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 whether this method will actually work for you personally by plugging in your own numbers;

 what your cash flow positivity is;

 how to increase your cash flow without increasing your income; and

 how to increase your credit score.

To book a free discovery call, contact

David at 615-796-0104 or visit us at

www.ReplaceYourMortgage.com.

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www.ReplaceYourMortgage.com

Your Debt Free Date

During your free one-on-one discovery call, we will crunch your own numbers to show you how many months it will take to become debt- free.

Write your number in the blank below so it will remind you of the day that you achieve financial freedom.

Your number: _________________________

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After the free discovery call, if I see that you would benefit from having a HELOC instead of a traditional mortgage, I will provide you the details about our popular implementation class. As part of this class we will:

 walk you through the whole process;

 stay with you until you reach your goals;

and

 show you where to get the right HELOC, how to structure it, and how to implement it.

I hope you found this book helpful and you now have something to seriously think about.

If you have any questions or comments, please do not hesitate to contact us at any time.

We would love to answer your questions. We

are passionate about helping families pay off

their home in 5-7 years on just their current

income.

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www.ReplaceYourMortgage.com

About The Authors

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Michael Lush lives in Thompsons Station,

TN along with his wife and two kids. He has

spent fourteen years in the mortgage industry

and has helped thousands of clients become

homeowners.

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