How to Own Your Home Years Sooner - without making extra interest payments

This is a great book. I had a mortgage broker look at it and he thought it was a good program--the only drawback he saw to it was that it would take discipline. By the way don't pay $80 for this book from 3rd parties. Go to the author website[..]

I also saw Harj at Millionaire School in 2006 and he was great. One of the previous reviewers called the book deceptive and even pointed out an example from the book: "The author sets up 2 individuals and claims they are equal. Then he states that one has no mortgage and one does." He must not have read the book very carefully. "Then uses the numbers to show how having no mortgage is better." What the book actually used that example for was to show that the tax deduction for mortgage interest paid alone is not worth maintaining a large balance on your mortgage. The tax deduction will help ease the pain, but it will never make up for the money you spent paying interest. A house is definately a great investment but why pay more more money in interest than you have to? This is a revolutionary book. In fact, it's already revolutionized the Australian banking industry. I've implemented this system already. I opened a new HELOC account (no application fee or closing costs required). I have not cut down on my expenses or factored in any increases in my income, nor am I refinancing my current mortgage. All told, my investment to make this work was the $25 for the book and that was it. How much will I be saving? $236,445 ___________________ The traditional way Interest rate: 6.250% Time left on mortgage: 28 years My current mortgage amount: $285,000 Total cost of interest: $323,996 Total cost of the mortgage: $609,318 ______________________ Using Harj's System Interest rate (same): 6.250% Time to pay off: 11 years, 5 months Total cost of interest: $88,943 Total cost of the mortgage: $371,480 ________________________________ Total Time Saved: 19 years 7 months Total Interest Saved : $236,445 My only caveat is if you are going to use this system, you need to be disciplined enough to track your expenses monthly and stick to that. If you can do that, you too can easily save thousands of bucks on your mortgage!

The bank officer crouched below the top of her carrel wall, leaned toward me across the desk and whispered, "THIS IS BRILLIANT!" I'd just explained Harj Gill's idea so she could help me with some transfers. I heard Harj speak at Millionaire School (see T. Harv Eker and Secrets of the Millionaire Mind). I bought his book immediately, knowing it would be the best $25 I'd ever spent on wealth creation. If we continue at the pace of the last four months, the remaining 28 years on our dream home in Sedona will be reduced to 5 years and 3 months. How does this create wealth? Which would you rather have? Tax-deductible interest payments or high-yield, tax-liable interest earnings? Duh! Our $240,000 interest savings will be invested in wealth-creation opportunities, such as more properties. In case you're wondering, No, this isn't about paying twice a month or making an extra payment each year. Those techniques will help, but not as much as Harj's approach. So, combine what you already know with this step-by-step, easy-to-read guide, and you'll be a land baron before you know it!

I found this book "How To Own Your Home Years Sooner" very clear and easy to read. While reading about numbers can be very dry I found Mr. Gill's humor added a lot of fun and a few laughs. The concept on how to own your home sooner is brilliant and simple really if you're willing to keep your focus on your goal. I highly recommend this book to everyone who is paying a mortgage and let each person decide for themselves if it's right for them. I personally bought two copies and gave them to my children who are both paying on mortgages. Happy reading.

This is definitely a 'must have' book for anyone who owns a home, wants a home, has a mortgage, has debts, doesn't have debts but wants to increase their investments, or, ahhh, did I leave anyone out? Heck, my mom, with just a bit of cash from selling the family home, could profit from this book even though she doesn't now have a mortgage!What I really liked about "Own Your Home Years Sooner!" was the simple, step-by-step explanations of what could have been complicated financial hoo-hah to some of us, myself included. Usually I pass this type of stuff to my 'former banker' husband. But even I could understand how Harj's system works and was even able to talk to others about it in a coherent fashion. If you are considering any of those bi-weekly or weekly payment plans and the like, you MUST read this. The author gives a great rundown on these programs and how they work (or don't work). I read the first edition and talked with the author too and know he has even more helpful chapters planned for us. Be sure to see his website for the latest updates.It's a quick easy read, but you'll be referring back to it as the potential of it begins to sink in. You really can own your own home sooner. As I do not yet have a mortgage (we are looking for a home and mortgage right now), there was not a lot of specific advice for first time home buyers. Talking with the author, he really wrote the book for people with mortgages, but with the 80-100% LTV loans now available in the US, he may have to add yet another chapter to this book for us on the purchasing side. Even without the specific advice, I was able to talk rather intelligently with a mortgage company owner using the lingo I learned in the book and that itself was worth the cost of the book! Now we also know what to look for in a mortgage as we shop. Get it, read it, apply it. It's simple really. P.S. If you are a mortgage broker, PLEASE get this book so you can really help your clients 'own their own home sooner'. I am sure they will thank you by rewarding you with lots of referrals!