Are your tired of paying hugh amounts of interest when paying off your mortgage and other debts? Does paying off your mortgage in a fraction of its scheduled time sound attractive to you? Can you think of other things you would enjoy doing with your money other than paying off a mortgage and other debts? The do-it-yourself Accelerated Mortgage Payment plan will allow you to pay off your mortgage and/or other debts in 1/2 or more of their original scheduled time.

A 30-year, 15-year or any other kind of mortgage can be accelerated and paid off quickly with this system. The mortgage can even be interest only. The beauty of this system is that it does not affect your existing cash at hand. You do however, need to obtain a Home Equity Line of Credit (HELOC) to implement the AMP.

Use your Home Equity Line Of Credit just as you would a checking account. Deposit your monthly income checks into your HELOC reducing it down to $1. Draw from it when you need to. The basic 7 steps follow:

1) Apply for and receive a Home Equity Line Of Credit from a bank;

2) Have your income checks deposited to your HELOC instead of a checking account;

3) Pay down your mortgage and other bills from your Home Equity Line Of Credit;

4) Pay your monthly bills including your mortgage from your HELOC;

5) The subsequent month, use your monthly income to pay the HELOC down to $1. Borrow enough again to pay down your mortgage and all other monthly debts for this month;

6) Pay all your bills from your Home Equity Line Of Credit the following month;

7) Continue repeating this cycle until you mortgage is paid off completely.

One Dollar, $1, will keep your Home Equity Line Of Credit open. Paying it down every month to $1 will minimize the monthly interest which is calculated on the daily balance outstanding. If you implement AMP, your mortgage and other bills can be paid in a fraction of its originally scheduled time.

The HELOC interest amount charged over time is much less that what is paid on a traditional mortgage. This is why AMP works.