The economy has been cruel to your financial lifestyle. Like most hard working families your retirement nest egg is slashed and you most likely lost about 30% of the equity in your home. Your financial savings have now been stolen from you due to 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 always a good strategy to return to the basics.

What is the better financial method in this market?

Mortgage Reduction techniques when applied the right way is a secret financial weapon for almost any homeowner in this market.

When we take a consider the stock market, it's still bouncing around and reeling from the aftershock. Aside from continuing to buy your 401 k it generally does not make sense to invest in the market. Would you afford to take another massive hit to your retirement savings again in the next year?

So another best financial strategy is mortgage reduction.

And at this point you are probably wondering why mortgage reduction. And as you hear this term you may well be thinking the best way to cut back your mortgage or pay it off might be to pay for extra, prepay your mortgage or possibly utilize the bi-weekly system.

And you will not be wrong. You see everyone we know from our mortgage brokers to bankers have told us this is actually the only way. But there's a better way to make mortgage reduction a reality.

And the very best part if you do not have to change your lifestyle or spend a dollar more.

This is how this simple technique works

This really is called the mortgage checking account technique to cut back your mortgage.

And the key tool behind mortgage reduction system is to utilize a Home Equity Line of Credit (HELOC).

Now here is the fun part.

The HELOC could be changed 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 use the power of interest leverage and you are able to 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 one's mortgage and achieve financial freedom.

This is actually the bottom line. You are able to slash almost 13 years of your current mortgage and save tens of thousands of dollars. Imagine what that could do for the finances and nest egg.

This one simple technique alone can assist you to restore equity at home and take on the trail towards being debt free for life.