Brixdale markets a product called
The Invese Mortgage. This is advertised as a way to pay off a mortgage
in six months. It also offers a way to buy a home if you rent. Side
track comment: paying rent is like throwing your money away. You can
pay the same amount and be building equity in your home. If your home
appreciates in value, you are even further ahead. When I sold my first
home at the age of 24, I pocketed a check for $14000. That was after
closing expenses. Yes, real estate investing can work. Ok, back to the
Brixdale offers you the opportunity to market
their products abd recruiting others to be part of your sales team,
creating your own home based marketing business.
The inverse mortgage by Brixdale is a bi-weekly
mortgage payment plan or program. Brixdale charges a fee where they
will automatically draft your mortgage payments and will then contact
your mortgage company, or your landlord if you are renting, and start
making your payments every two weeks to speed up your payment schedule.
Some of the information on scam.com is not very
complimentary on Brixdale, the basic issue being they supposedly don't
live up to their claims.There also are some nice comments. We don't
trust "scam review" sites...best to call the company yourself and
make your own decisions.
One thing we can say is if you do wish to pay of a
mortgage fast, you can, on your own, request a payment list for your
mortgage. This will show you your exact monthly principal and interest
amount due. If you pay the extra principal ahead say for the next
months payment, you have effectively eliminated that payment. Do that
each month and you'd be amazed how fast your 30 year mortage can be
paid off! Bridale may be what you are searching for.
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