Thursday, March 27, 2008
Equity Accelerator Benefits - #3
Looking to make a big purchase? Perhaps a new car, for example. Simply pay for the car out of your mortgage-connected checking account. Since interest is calculated daily and so much is applied to the principal as a result of the equity accelerator account, this is the best way to make a large purchase as the purchase will be paid off much faster than a traditional car loan. Since you are paying that money back sooner, you spend less on interest!