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There is a special system for paying off mortgages and all other debts quickly. This system has been dubbed the the Accelerated Mortgage Payment system (AMP). To implement this do-it-yourself system you must have self-discipline and be able to plan your payments, monthly. Because you regulate AMP yourself, you don’t pay fees to an institution to implement it.

It does not matter the kind of mortgage you are holding, fixed, adjustable, 30-year, 15-year and any others can all be accelerated with this system. You do not have to change your existing lifestyle. You can include other debts to be paid off quickly with or with your mortgage. You do need to be able to take out a Home Equity Line Of Credit (HELOC) to implement this system.

Once you obtain, a HELOC you will use it just like you would a checking account. Instead of having your income sitting in a bank you will be using it to cancel out incredible amounts of interest on your mortgage. As a bonus, this system can also be used to eliminate all your debt such as credit cards, cars, medical bills, student loans, vacations, time shares etc. Simplified, there are 7 basic steps to implementing this do-it-yourself accelerated mortgage payoff system:

1) Get a HELOC from a banking institution;

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

3) Your mortgage loan and other bills are to be paid from the Home Equity Line Of Credit;

4) Your monthly bills should all be paid from your Home Equity Line Of Credit;

5) The next month take your entire income to pay down the HELOC to $1 then borrow the same amount and pay down your mortgage again;

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

7) Continue repeating this pattern until all your bills are paid off.

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.

AMP works and works well, if you have the discipline to implement it. It is a simple system. The rules are few. You use your monthly income to pay down your HELOC and you use the HELOC to pay down your mortgage and other bills. The interest you pay on yor Home Equity Line Of Credit is a lot less that what you pay on a traditional mortgage.