SOURCE: Freedom Mortgage Corp.

December 15, 2006 09:00 ET

Free Seminar Featuring Noted Speaker Greg Fullerton Says Homeowners Should Rethink Accelerating Mortgage Payoffs

Seminar Teaches Innovative Investment Strategy Based on a Fed Study

REGO PARK, NY -- (MARKET WIRE) -- December 15, 2006 -- At an upcoming seminar slated for January 16, 2007, homeowners who make extra principal payments to accelerate their mortgage payoffs will learn there's a better way to use their equity and the Federal Reserve Bank of Chicago agrees.

A recent study by the Fed, The Tradeoff Between Mortgage Prepayment and Tax-Deferred Retirement Savings, found that 38 percent of U.S. households accelerate their mortgage payments instead of saving in tax-deferred accounts are making the wrong choice. For these households, reallocating their savings can yield a means benefit of 11 to 17 cents per dollar depending on the choice of investment assets in the tax-deferred account.

Freedom Mortgage Corp. and Asset Optimization, Inc., are co-sponsoring a free investment seminar featuring noted speaker Gregory L. Fullerton to educate homeowners in new strategies for maximizing the equity in their homes through tax-deferred, conservative investments. The seminar will be held January 16, 2007, 7 P.M. at The Bulova Corporate Center, 75-20 Astoria Boulevard, Jackson Heights, N.Y. The seminar is based on the bestselling books by Douglas Andrew, author of "Missed Fortune 101: Isn't It Time You Became Wealthy?"

"Most homeowners have the misconception that the wisest method to accelerate the pay off of their home is to make extra principal payments," says Gregory L. Fullerton, a noted motivational speaker to Fortune 500 companies. "Yet the Fed study says these misapplied savings by homeowners are costing them $1.5 billion dollars per year in lost value. You can accumulate sufficient cash in a tax-deferred mortgage acceleration plan to pay off a home just as soon or sooner while realizing other advantages to preserve and extend the equity in your home."

The seminar, which has been presented nationally, gives attendees insights into common misconceptions about traditional methods for paying off mortgages through additional principal payments, bi-weekly mortgage payments or opting for 15-year mortgage amortization over standard 30-year mortgages. Concepts taught echo the Federal Reserve Study and show homeowners how they can tap conservative, tax-deferred investments to secure their financial futures while protecting the equity in their homes.

"Strategies taught at this seminar are common sense methods for managing equity and gaining financial independence," says Fullerton. "It really opens the eyes of homeowners to better choices for protecting their financial future."

The seminar, which normally costs $250, is being offered free by co-sponsors Freedom Mortgage and Asset Optimization. Seating is by reservation only. To guarantee seating at this popular seminar, please call Sadiyya Dunkley at (718) 275-5036.

The opinions expressed at the seminar are solely that of Gregory L. Fullerton and his sources, and are not necessarily the opinion of Freedom Mortgage Corporation.

Contact Information

  • Contact:
    Robert Fishbein
    Branch Manager
    Freedom Mortgage Corp.
    Sadiyya Dunkley
    Freedom Mortgage Corp.