Does owning a home outright in 10 years or less sound good? Do you think it is possible? Sometimes it may feel like paying off your debt is like trying to push a car uphill? But there is a tool you can use, and it does not require you to lower your current standard of living.

I will go over a couple mortgage acceleration programs, but there are better ways to pay down the debt on your home. But for the benefit of the comparison, let's look at all the options.

1. A popular program is called the bi-weekly program, which enables you to make one extra payment a year without really noticing it. Essentially, what you do is make weekly payments rather than monthly, and you end up actually paying the equivalent of 13 payments a year. But you hardly even realize you are making an extra month's payment during the year. It can lower your mortgage down to 23 years.
   A lot of people pay a fee for some service company to handle this method for them, but it is not required. Anybody can budget their money so that they contribute to their mortgage on a weekly schedule and pay them monthly.

2. Another program to go by is simply making extra payments as you go.
   A couple problems with this are, for one when is there really ever "extra" money? And, two, it takes a lot of resolve, setting goals, and persistence to actually get the benefit.
   Essentially, there is a third problem, however. But the problem is not in the program itself, but in what it does NOT offer. Making extra payments is a valid acceleration tool for your mortgage, but it is only one step to several that can significantly lower your time and interest on your loan.

3. Really, the best path to pursue is in an all encompassing "budget." But even if you do not like budgets, or you do not think they are worth the effort, you will be surprised at what a software program can do for you—not just in results, but also in automation and motivation.
   Think of it this way. A Company hires accountants to manage their money so that they can get the most out of it. But they have to continually pay the accountant department lots of money to do this. An individual does not have to. A software program can automatically perform the complex mathematical computations in practically a moment's time that would take one person literally hundreds and hundreds of hours.

But that is not even the best of it. The best part is that through the calculations, a software program can direct you into each financial step, and give you the power to make decisions—and see the projected results—all the way through until you are completely out of debt and on the road to growing wealth.

And the best part is, if you get the right software, it is relatively an insignificant charge—and it is only a one time cost that provides a lifetime of updates, live counsel, and customer support.

So basically, the sum of it is:

1. It makes something complicated, simple for you to do.
2. It provides results that a working person is not capable of managing any other way.
3. It provides motivation and guarantees results.
4. The price of the software is low in cost compared to what you can gain in return.

Do you want to learn the best way to escape paying interest? You can get my free ebook, How to Significantly Lower the Interest on All Your Loans, Including Your Mortgage, and That Without Refinancing.

To get the free ebook, click here: Lower Interest On All Loans.

Alfred Spengly currently works with a company that has been registered with the better business bureau since 2006 with zero complaints. It is a company that strives for its customer's satisfaction, helping individuals and families manage their own money by providing the tools they need to establish their own financial security.

Personally, Alfred has worked in the financial field for almost 15 years.