The Living Free and Clear System (TM)…A Bold New Approach to Debt Elimination

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 20, 2007 -- The headlines say the so called “real estate bubble” is upon us. Instead we are really experiencing a “debt bubble”. Staying in debt is always more risky and costly than being mortgage debt free. If the economy crashes. being free and clear protects you. Remember, during the great Depression, the survivors were the ones who were debt free going in.

The Living Free and Clear System (TM) claims to reversing the flow of money from Big Banks and give it back to you. It’s easy to see why Americans are experiencing record foreclosures and bankruptcies. The mortgage system makes it very difficult to pay off a home and own it free and clear. Let’s take a look…

How long would it take to pay a $200,000 mortgage loan at 7% interest down to a principle balance of $100,000?

Most homeowners think, that they will owe about half of their loan after 15 years (of a 30 year mortgage). Unfortunately, on a normal $200,00 loan at 7% interest rate, you would still owe $148, 037.73. In 15 years, you have only paid about 25.5% of the principle balance. It takes almost 22 years to be at the halfway point on your mortgage. Yes, that’s right, after paying $1330.60 for 22 years, you still owe $99,854.13 on your mortgage.

It Gets Worse…

It Takes 22 long Years to pay half of your mortgage loan. When you consider, the average borrower only stays in their mortgage loan for 5-7 years, it is easy to see why Americans struggle to get out of debt. The cards are stacked against them. And the banks know it, but the average consumer do not.

There has got to be a Better way. . .

The goal of The Living Free and Clear System (TM)is to defeat the compound interest curve, which is working against you to keep so little of your money working for you. Instead of depositing your check into a typical checking account you will deposit it into to a “Flex-Line” account. You will have total access to the money and pay your bills as you normally would. However, this new account allows you to hold down the daily interest balance on your mortgage, effectively reducing your total monthly interest obligations.

If you want to run your own personal numbers and see how quickly you could pay off your home go to:

www.nohousedebt.com


Depending on your situation you may be able to pay off a 30 year mortgage in 6-9 years without changing you lifestyle. How quickly you pay off your home depends on your personal financial situation. Positive cash flow and proper timing of payments is essential to making the system work properly.

Living Free and Clear System provides an answer for sound, rapid mortgage debt elimination.

To view a video explaining the system go to:

www.nohousedebt.com

Mark Hall

More information can be found online at http://www.nohousedebt.com

Living Free and Clear System     TJ Marrs