Sydney Financial Announces New Mortgage Payoff Plan

December 10, 2007 (PRLEAP.COM) Business News
Salt Lake City, Utah – Sydney Financial Group (http://www.sydneyfinancialgroup.com) recently announced a new mortgage payoff plan designed to help American homeowners save money and payoff their mortgages in a shorter amount of time. This new mortgage payoff plan is based on a unique financial strategy made popular overseas. The mortgage payoff plan has been successful in Australia, Great Britain, and Canada for over two decades. Now, in the midst of foreclosures and a national lending crisis, the program is finally available in America.

Research from Sydney Financial shows that Americans are significantly overpaying their mortgage loans when compared to many international homeowners. Without a mortgage payoff plan, most American consumers are burdened with costly mortgage payments for thirty years or more. Their early mortgage payments are approximately 80% interest and they rarely pay more than the minimum required.

With a mortgage payoff plan, consumers will now be able to payoff mortgages in ten to twenty years without increasing their payments. Here’s how it works:

• Sydney Financial Group helps customers mimic the results of the mortgage checking account used in other countries. Customers take out a second mortgage or home equity line of credit and convert it into a mortgage checking account.

• Customers use the mortgage checking account to pay down their mortgage and eliminate their consumer debt.

• Once the mortgage is paid down, customers may choose to continue using the mortgage payoff plan to build retirement funds.

Sydney Financial’s new mortgage payoff plan provides the structure and expert guidance to help homeowners payoff mortgages in half the time, without refinancing their first home loans.

“We're on pace to pay off our home loan in 9 years,” report mortgage payoff plan customers Sean and Kristin. “Sydney Financial Group is going to save us over $210,000.”


About Sydney Financial Group:

Sydney Financial Group (http://www.sydneyfinancialgroup.com) specializes in helping homeowners payoff mortgages faster using a mortgage payoff plan pioneered in Australia known as a mortgage checking account. A mortgage checking account (MCA) leverages a client’s monthly income by automatically applying it toward their home loan balance until they need for other expenses. This reduces the daily interest that accumulates on their home loan. Using a mortgage payoff plan, people can pay down consumer debt, payoff mortgages faster, and build up retirement funds.