Mortgage plan to good to be true???

I looked the "company" up:

Barben, Jeff Jeffb@maxhouse.com

MaxHouse, Inc.

567 South Valley View Dr.

Suite 207

St. George, Utah 84765

United States

4356289156

They do not have a business license of ANY kind.

This is just a scam, no one you want to be involved with as no good will come out of it.

Great question!

As a retired Mortgage Banker, I would love to answer it. There are SO many people hungry for answers such a great question, that addressing them one at a time is SO ineffective. I have a free report available that anyone can access to get educated about all the "dirty little secrets" of this business and HOW we as a society ended up in such a mess.

It bothers me greatly that so many people, young AND old, have been taken advantage of and NEED answers to prosper financially and not become a foreclosure victim. If you DON'T get educated BEFORE making a decision, you're next in line to be ripped off. Count on it.

I've been posting answers under numerous aliases onYahoo! because I have to keep creating a new account to do so. It seems the "establishment" prefers to keep the public in the dark when it comes to exposing the truth about anything which could actually help them avoid catastrophe. When faced with a serious choice about something in your past think about what you should have been made aware of by someone in "authority", but weren't. If you knew what "they" knew, wouldn't you have made a better decision?

Whether you're a first time buyer, moving up, refinancing, buying a foreclosure, short sale or trustee sale or auction, you're going to need financing in place. First. Doing it ANY other way is wasting your time and a professional real estate broker won't even LOOK at you or your offer unless your financing is in place. Don't believe me? Try it.

If you're interested in learning about the industry from the inside, visit my website. I can't type the internet address here or I'll be creating yet another Yahoo! account. I'll spell it for you. MortgageSelfDefense[dot]com. Type that into your web browser as you would a regular internet address and you'll get there.

In addition to the information you'll receive on the site, if you decide to be a free subscriber, you'll receive tips, techniques and advice on regular intervals along with my personal contact information to ask questions.

I look forward to helping you.

P.S. I'm also a Real Estate Broker in two states (CA & NV) and have been since 1981. Having been so gives me a unique perspective on the industry.

I looked at the link you posted and yes it is a mortgage plan. In a nutshell what is being touted is to pay extra principal on your mortgage. Anyone can do that at anytime on their own and depending upon how much they pay, they could save a ton of interest over time. For example: Let's say you go for a $200,000.00 loan for 30 years at 6% interest, your monthly principal & interest payment would be $1199.10 of which $1,000.00 is interest and the other $199.10 goes toward your principal and your remaining balance would be $199,800.90. Your second payment of $1199.10 would only pay the lender $999.00 in interest but you would gain an extra whole dollar toward retiring your principal, you now have paid $200.10 toward it and your remaining balance is $199,600.80. See why lenders make loans.

You can get an amortization schedule printed out that tells you exactly how much of each payment is interest and how much is principal. If you were to discipline yourself at the start of a new mortgage and sent in the next month's principal in advance with your regular payment, you would cut your loan pay-off time to approximately 17 years. If you paid this loan full term your interest expense would be $231, 676.38! See why lenders do loans. If your pay -off time is cut to 17 years as opposed to 30 you could save approximately $99 K in interest. That's over a third isn't it. Once you sign for the loan you're obligated for the payments, why would you spend $3500.00 additional for software that you can get elsewhere for free?

Let's say you wanted to send in an extra $100.00 per month? Input the information into an amortization program and it will tell you exactly what your pay-off time will be and how much interest you will save. Ask a loan officer or a mortgage person to do it for you.

A lot people giving advice are also looking to give you a loan (its not advise, its an add), if they are not local to you and you can’t get to them within 1 hour don’t fall for it. They say they are licensed in all 50 states, what does that mean? Which state do you have to look in first if something goes wrong? KEEP IT LOCAL!

Remember Buddha's advice:

"Believe nothing, no matter where you read it or who has said it, not even if I have said it, unless it agrees with your own reason and your own common sense." You are the only "expert" you can trust: All brokers, and every other loan officer guru giving advice here with a .com or contact me at the end (its not advise, its an add) is "selling" you something. Don't buy "it."

I would avoid this there is a way to pay off your home faster you can make extra payments each month for free below is a link to a calculator that will let you calculate what you would save and how short your loan would be using your own budget! you dont need to spend 3500 to do that!

if you dont trust them dont go with them.

Alot of these people are morgage fraudsters and will run with your deposit.

If i were you to be on the safe side, go with a proper agent as you cant be sure with these people and is very easy to be conned

If its sounds to good to be true, it probably is.