Banner

How The 7YearMAP® Works

To use the 7YearMAP® you will need the following:

  1. Baseline Household Budget

    The 7YearMAP® isn't for everybody - but it could be for you. The program only works if you are making more money than you are spending. You don't have to be making much more, but there must be more money coming in every month than there is going out.

    Additionally, the baseline budget requires payment dates for your bills – this is a critical component of successful plan design. The 7YearMAP® program makes this EASY!

  2. Home Equity Line of Credit (HELOC) or an Interest Bearing Asset Account (Savings, Money Market, etc.)

    The 7YearMAP® uses a HELOC for the program's calculations. The HELOC must be 'open-ended' with checking account-like functionality. This is fully explained in our user documentation.

    The 7YearMAP® can also be used with an interest bearing account such as a savings or Money Market account. This is a good alternative if you can't qualify for a line of credit because of income, credit or home value issues.

    NOTE: If your Money Market account is provided by Brokerage or Wirehouse, please let us know, as you will need to provide additional information to your Advisor.

  3. The 7YearMAP® Software Program

    The 7YearMAP® acts as your 'weekly bookkeeper', financial planner, accountant and coach, and keeps you on track towards achieving your financial goals by using mathematical and financial formulas that systematically create the highest interest savings possible in the least amount of time.

    The 7YearMAP® also communicates with you on a daily and weekly basis, via e-mail or text messaging, the direction necessary to insure your success when following the program.

How it Works - The Mechanics

The mechanics of Mortgage Acceleration are based on sound mathematical and financial principles, but they are not intuitive. We have been conditioned to think a certain way about how we handle our financial liabilities – our mortgage being the prime example.

The 7YearMAP® provides a different and better way of doing that. The following is a simplified outline of how it works:

  1. Open a Home Equity Line of Credit (HELOC). This will be used in place of a checking account
  2. Pay down a pre-determined amount of the mortgage using a portion of the available credit in the HELOC
  3. Deposit all monthly income into the HELOC
  4. Pay all possible household bills with a credit card
  5. Repay the credit card in full before the due date from the HELOC
  6. The HELOC is paid off with the excess monthly household cash flows
  7. Repeat until the mortgage is paid off – generally 7 – 9 years
  8. By doing this, you minimize the interest costs on your mortgage, which lets you pay it off faster

Remember that the 7YearMAP® software guides you through the details of this process effortlessly...

By following this strategy, you will build your financial future based on savings – savings on interest costs - which is every bit as good as income earned. The 7YearMAP® will change the way you think about your money.

Proof it Works

Because they do not have a mortgage-interest tax benefit, homeowners in Australia and the United Kingdom have been using a similar system for almost two decades. In fact, more than a third of the households in Australia and about one fourth of the households in the United Kingdom are currently using similar programs to accelerate their mortgage loans.

In the US, most companies use a bank account called a "sweep account". This account is used to reduce the amount of daily interest companies pay on their business loans. They do this by "sweeping" their bank accounts daily into an outstanding loan to reduce average daily interest that they accrue. The same general concept is used by the 7YearMAP® process.

The media has recently done several stories on "Mortgage Acceleration" software. In May 2007, the Las Vegas NBC news affiliate Channel 3 did a special on how the program was starting to get more and more popular in the United States.

MSN Money recently published an article called "A new way to pay off your house."

Read this Article

The 7YearMAP® allows you to use proven and tested principles to help beat the banking industry and turn the financial tides in your favor. It makes the process easy and it does not require any more work than you are already doing now with your checking account.