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Click Here for Our Glossary of Terms
How can I find out if the 'Mortgage Free Americans' system will help me?
There are several ways to do this. You can fill out the Free Mortgage Assessment which you will find under the 'About Us' link on this website. You can submit that by fax or you can send it by email to one of our Financial Fitness Trainers. In 24 to 48 hours you will receive a report indicating the dollar amount savings and the reduction in term that our system can provide.
You can contact one our Financial Fitness Trainers by email or phone and make an appointment to meet with them and they will be able to answer your questions for you.
We periodically host seminars at our offices in Ala Moana and Kapolei, as well as the ReMax office in Kailua.
Our Ala Moana office is at 1585 Kapiolani Bl., Suite #1530.
94-673 Kupuohi St. #C205, Across from Auntie Pasto's, next door to Planet Fun.
The Kailua ReMax office is located in Aikahi Park Shopping Center next to Safeway.
Dates and times can be found on this website under 'FREE Information Seminars'.
How much does your service cost?
The fee for our service is a flat rate. We will help you get the fee paid using the bank's money. We don't want you to pay us from your current checking or savings. We charge a flat rate for our service regardless of your debt or income. The fee for the Program is $2995.
We will show you how to get the money for the fee from the bank. Our basic premise is that, as a consumer, you can make profit consistently by using the bank's money. Therefore, we want you to use the bank's money to pay our fee. We also insist that you completely understand what our program will do and how it will work before you agree to the fee. In the words of our founder, "If it doesn't make sense, don't do it."
What do I get for the fee?
This is a great question. You'll get several things. The first and most important feature is the hardest one to measure. You'll get our personal commitment to your highest possible results. That means from the Financial Fitness Trainer who works personally with you all the way up to the CEO, everybody in our company takes very seriously our promise to provide you with any and all service necessary to make sure that you maximize the available savings on your mortgage.
You will receive our Members Manual. This is a very carefully constructed set of instructions and tools that you can use to clearly identify exactly where you want to go financially and how you will get there in the shortest possible time.
You will receive a CD with a mortgage analysis program that will assist you to calculate the exact results of various strategies for accelerating your current and possible future mortgages.
You will receive direct, personal training from one of our Financial Fitness Trainers to set up your 'Interest Reduction System'.
You will be added to the distribution list for our monthly newsletter noitfying our clients of investment opportunities available through the development division of Abe Lee Realty.
You will have access to unlimited lifetime support.
Last but not least, you will receive a written guarantee that says that you will get the results we projected or we will return your fee.
How does your program work?
Our system will position you to use the bank's money and make a profit. It is very similar to how a retailer operates. When you buy groceries, the grocer hasn't yet paid for them. He purchased them on a 30, 60 or 90-day net contract. By the time he pays for them, he has already paid his operating costs and collected his profits. He pays for the inventory you bought with the money you gave him. As long as business proceeds normally, he is always making money by using someone else's money.
The system we will set up with you lets you do the same thing, with your mortgage as the inventory. We will use the bank's money, which they will happily provide for you, to leverage against the principal balance of your mortgage. This will eliminate a certain amount of interest from your loan. All your subsequent mortgage payments will give you a better dollar for dollar return, principal vs. interest. In the meantime, we'll show you how to minimize the cost of using the bank's money. Its very much like renting a tool to get a job done; when you pay the bill, it isn't for the tool so much as it is for having the job completed.
Why haven't I heard of this before?
Good ideas take time to get noticed and this one is no different. The basic math behind the system has been in the public domain in Australia since 1994. A software engineer named David O'Donnell in Perth provides computerized solutions to financial planners. He developed the system in response to a program offered by the Australian National Bank called the 'offset' account. That program is not available in the United States and many other countries because the domestic banking laws don't support it. Our system simply adds a few features to the original Australian method to make it fit our banking system. It has only been available in the U.S. for a few years and will soon be as popular and well known as the 'bi-weekly' system.
For example:
Did you have a cellular phone in 1985? That was the first year the service was available in Honolulu, Chicago, Dallas, Los Angeles and New York City . . . . .
Do you know anyone now that doesn't have a cellular phone?
Did you have email in 1990? You could have.
How many people do you know now who don't have it?
Ignatz Semmelweis discovered that patients were dying from infections caused by the unclean hands of the doctors that were treating them in 1847. His discovery was ridiculed by the physicians of the time and he was considered by many to be crazy. It wasn't until 1890, twenty-five years after his death, that the medical profession accepted that doctors, especially surgeons, should always wash their hand before treating patients.
We hope this idea won't take that long to catch on.
If it's so good, how come everybody isn't doing it?
Most people, for very good reasons, are very conservative with their money. Until there are enough people who have used this system successfully, there will be a certain amount of resistance and skepticism about it. Since October 1st of 2003, when Mortgage Free Americans started doing business, we have been able to serve over one-hundred-thirty families. Most of these are on Oahu. As more people hear their success stories, it will become a more acceptable idea.
What’s the difference between this and the Bi-weekly system?
This system will actually work faster than the bi-weekly method because it automatically captures 100% of your unspent income and applies all of it to the principal balance of your mortgage. The bi-weekly method only applies a fixed amount each month even if sometimes there might be more available.
I've heard of other companies doing something like this. What is the difference between your program and theirs?
This company was formed because one the founders used to work for another company offering a similar program and the other founder was a client of that company. They were both disappointed with the lack of depth and service that company provided. The mathematical principles of all of our systems are identical. The system itself originated in Australia in 1994 and the math is the only constant. The difference is in the way our company does business. We will make sure you understand everything before we ask you to make a decision and we will guarantee your results. None of the other companies we are aware of will give you this assurance.
Why should I use a Line Of Credit if I have money in the bank?
Using your own money to prepay your mortgage defeats the entire purpose of our system, which is to use the bank’s money to make a profit; just like every retailer and restaurant does everyday by financing their inventory. If you put your money down on your mortgage then, you will definitely save some interest but, then you’ll be right back where you started before you started saving up your money.
Do I have to refinance to use your system?
No, you do not. There are times, however, when refinancing is in your best interest and we would encourage you to look at all the variables that could effect your long-term outcomes before making a decision.
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