The economy has been cruel to your financial lifestyle. Similar to hard working families your retirement nest egg is slashed and you probably lost about 30% of the equity in your home. Your financial savings have been stolen from you because of the greed on wall street.

We're all searching around to discover the best financial advice in this market. And in times of crisis it is definitely a great strategy to get back to the basics.

What is the greatest financial method in this market?

Mortgage Reduction techniques when applied the proper way is a key financial weapon for just about any homeowner in this market.

When we have a consider the stock market, it is still bouncing around and reeling from the aftershock. Except for continuing to purchase your 401 k it doesn't sound right to buy the market. Could you afford to take another massive hit to your retirement savings again in the next year?

So the next best financial strategy is mortgage reduction.

And at this time you are probably wondering why mortgage reduction. And as you hear this term you might be thinking the simplest way to reduce your mortgage or pay it off might be to pay for extra, prepay your mortgage or possibly utilize the bi-weekly system.

And you won't be wrong. You see everyone we know from our mortgage brokers to bankers have told us here is the only way. But there is an improved way to produce mortgage reduction a reality.

And the very best part if there isn't to change your lifestyle or spend a dollar more.

This is how this simple technique works

This is called the mortgage checking account technique to lessen your mortgage.

And the trick tool behind mortgage reduction system is to employ a Home Equity Distinct Credit (HELOC).

Now here is the fun part.

The HELOC could be turned into a checking account. You can convert this in order to deposit your paycheck, pay your bills and make online electronic payments.

With the HELOC as a checking account you automatically utilize the power of interest leverage and you can convert your 5.5% rate to a 2.5% rate. And by continuously making use of your HELOC every month you are able to slash years of your mortgage and achieve financial freedom.

This can be a bottom line. You can slash almost 13 years of your current mortgage and save thousands of dollars. Imagine what that could do for your finances and nest egg.

This 1 simple technique alone can help you restore equity in your home and accept the trail towards being debt free for life.