Paidoff™ vs Traditional
Tired of MORTGAGE PAYMENTS?
Hop over to the sunny side with Paidoff™
It will forever transform the way you think about Your Mortgage.
IT’S ABOUT TIME!
- With Paidoff™, your payoff is Much Faster than an old Traditional Mortgage.
- With Paidoff™, your payments go to the Principal first, dollar for dollar, not Interest.
- With Paidoff™, you pay Simple Interest, not Compound Interest. Simple Interest vs Compound Interest Explained
- With Paidoff™, you pay as often as you want. No need for the bank’s permission.
- With Paidoff™, your mortgage works for you 24/7, not against you. It’s a fun, addictive, and fast mortgage.
- With Paidoff™, you can have one account with checking, mortgage, and Line of Credit under one roof.
- With Paidoff™, you receive an automatic Line of Credit, which is 80% of the Appraised value of your home.
- With Paidoff™, there is no monthly payment requirement. It’s a great feature if you have a medical emergency.
- With Paidoff™, there are no late fees or adverse credit reporting.
- With Paidoff™, there is no Foreclosure if you have Funds Available in your Line of Credit.
Compare How the Mortgage Balance Drops
Paidoff™ vs Traditional Mortgage
Our clients usually pay their homes off in under five years. The Paidoff™ Much Faster Formula™ shows how this is possible.
GIVE US 30 MINUTES OF YOUR TIME, AND WE WILL GIVE YOU 30 YEARS OF YOUR LIFE BACK.
With Paidoff™, Interest Rate Does NOT Matter.
Americans have been misled into thinking that the interest rate is the most crucial factor when getting a mortgage. It isn’t, but it is easier for the banks to sell based on the interest rate. Additionally, that is the only thing most consumers ask about when shopping for a home loan. What is the interest rate, and what is my payment? And if it is a purchase, they also ask how much they need to bring to the closing. It is easier for both parties. The banks love it because they make a ton of money based on the interest over the long term, and they love it when the homeowner refinances or buys another home because they get to reset that interest-making profit machine for them. Please download our Free E-book, which shows you all the tricks they play with you and how you can turn the tables on them.
Paidoff™ puts you in control of your mortgage and financial destiny.
Paidoff™ Outperforms the Traditional Loan
at even the Lowest Rate Ever, 2.65%
In January 2021, the 30-year Fixed Rate Mortgage hit the lowest level ever at 2.65%. Even comparing rates now 3 years later at a much higher rate for Paidoff™ variable rate of 8.665%, Paidoff™ outperforms in every category.
Paidoff™ Traditional
30-Year Home Equity Line of Credit, Loan Amount: $400,000, Secured Overnight Financing Rate, (SOFR) initial rate of 4.665%, Loan Margin: 4.00% with initial interest rate of 8.665%. The floor Rate is 3.75%, and the Maximum Rate is 14.665% %, with an average Historical Trend Rate of 6.874%. Credit Score of 700, Monthly Deposit Amount of $10,000, and $4,500 positive cash flow at the end of the month. The average minimum monthly payment is $1,244.96.
Everyone’s results will vary depending on the loan balance, rate, the interest rate assumption, and the money applied to the daily loan principal.
30-Year Fixed Rate Mortgage, Loan Amount: $400,000, with Interest Rate 2.65%. Credit Score of 700 with a required Monthly Principal and Interest Payment of $1,611.86. Amortizing Traditional loans slows progress with principal paydown, adding unnecessary interest expenses, resulting in lost time and money.
Paidoff™ Comparison Loan’s Effective Annual Percentage Rate, APR, is 1.592 % compared to 2.65% with Traditional. The APR is the actual true cost of the loan. Not only did the lower interest rate Traditional mortgage cost $76,935.11 more in interest cost than Paidoff™, but the homeowner would need a 30-year Fixed-Rate Mortgage at 1.592 % to beat Paidoff™. This rate has never existed and probably never will! Besides accomplishing all this, please do not forget you shaved 23.1 years off your 30-year fixed-rate mortgage.
When you schedule a Free Consultation with us, we will run your numbers to see if Paidoff™ is right for you. You will also receive a 6-page loan comparison to make an informed decision.
Paidoff™ Drastically Outperforms the Traditional Loan
when rates are higher, 7.00%
Paidoff™ Traditional
30-Year Home Equity Line of Credit, Loan Amount: $400,000, Secured Overnight Financing Rate, (SOFR) initial rate of 4.665%, Loan Margin: 4.00% with initial interest rate of 8.665%. The floor Rate is 3.75%, and the Maximum Rate is 14.665% %, with an average Historical Trend Rate of 6.874%. Credit Score of 700, Monthly Deposit Amount of $10,000, and $4,500 positive cash flow at the end of the month. The average minimum monthly payment is $1,244.96.
Everyone’s results will vary depending on the loan balance, rate, the interest rate assumption, and the money applied to the daily loan principal.
30-Year Fixed Rate Mortgage, Loan Amount: $400,000, with Interest Rate 7.00%. Credit Score of 700 with a required Monthly Principal and Interest Payment of $2,661.21.
Amortizing Traditional loans slows progress with principal paydown, adding unnecessary interest expenses, resulting in lost time and money.
Paidoff™ Comparison Loan’s Effective Annual Percentage Rate, APR, is 1.347 % compared to 7% with Traditional. The APR is the actual cost of the loan. Not only did the lower interest rate Traditional mortgage cost $471,591.85o more in interest cost than Paidoff™, but the homeowner would need a 30-year Fixed-Rate Mortgage at 1.347 % to beat Paidoff™. This rate has never existed and probably never will! Besides accomplishing all this, please do not forget you shaved 24.2 years off your 30-year fixed-rate mortgage.
These comparisons validate that the Interest Rate Does NOT Matter with Paidoff™ and Paidoff™ clients Pay Off their Home Much Faster by over 23 years and Win Financially in Every Way!
A Real-Life Story – Chris & Catherine D.
Interest Rate Does NOT Matter with Paidoff™
Chris and Catherine had a 3.375% interest rate on a 20-fixed mortgage that they refinanced during COVID-19 in 2021. Like most people, they took advantage of historically low interest rates. Chris works at a bank, so he is very financially savvy. They did everything that most people could to pay off their home quickly. They made bi-weekly mortgage payments and even went an additional step by making weekly extra payments to pay off their mortgage early. Click Here to see how the Bi-Weekly performs compared to Paidoff™.
What were Chris and Catherine’s results? They paid off their home in two years, even with interest rates climbing, almost 5% higher than when they started. The best thing is that they could pay off their home Much Faster without changing their spending habits or lifestyle. Chris was so impressed with Paidoff™ that he offered to make free videos from the borrower’s perspective because there was nothing on the internet. Chris does an incredible job of explaining Paidoff™ and what to expect as a borrower. Click here to watch Chris’s videos on Paidoff™.
Chris also masterly utilized Paidoff’s™ generous 30-year Line of Credit to grow his wealth substantially. He funded over 19 flip-and-fix deals with a local real estate investor and made other investments that netted him substantial profit. Unlike a Traditional mortgage, with Paidoff™, you can grow your wealth exponentially.
I Want Paidoff™! What Do I Do?
Click on the Schedule a Free Consultation button or contact us.
We will advise you on how to pay off your home Much Faster!
