The economy has been cruel to your financial lifestyle. Like the majority of 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 already 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 key financial weapon for any homeowner in this market.

When we have a go through the stock market, it's still bouncing around and reeling from the aftershock. Except for continuing to purchase your 401 k it generally does not make sense to purchase the market. Are you able to afford to take another massive hit to your retirement savings again next year?

So the next best financial strategy is mortgage reduction.

And at this point you're probably wondering why mortgage reduction. And as you hear this term perhaps you are thinking the simplest way to cut back your mortgage or pay it off might be to pay for extra, prepay your mortgage or even 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 the only way. But there's a much better way to make mortgage reduction a reality.

And the very best part if you don't have to alter your lifestyle or spend a dollar more.

Here is how this simple technique works

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

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

Now this is actually 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 utilize the power of interest leverage and you are able to convert your 5.5% rate to a 2.5% rate. And by continuously using your HELOC monthly you can slash years of your mortgage and achieve financial freedom.

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

That one simple technique alone can help you restore equity in your home and take on the road towards being debt free for life