Mike Leibel
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Calgary Real Estate News: Mortgage Acceleration

Calgary Real Estate News

The real estate industry in Alberta is constantly changing. Here I'll endeavor to post some of the interesting industry changes which occur on a regular basis.

20-Mar-2008

Mortgage Acceleration

I received an email today from a company I had never heard of, expounding the virtues of their mortgage acceleration software. After doing a fair bit of digging, I found that this software and others like it, are manifesting themselves in a virus-like fashion under different disguises. It is apparently very lucrative for the sellers of the software, which I gather retails for about $3500.00.

It was somewhat difficult to find many reviews, since the search results yielded hundreds of links promoting the same software, pushing the reviews down in the rankings to oblivion. From what I learned, most of the financial advisers who discussed the virtues of the software, recommended you steer clear of them. Personally, I'm adding this to my list of "get rich schemes" which really just eat up the equity you've already built up, and will not likely make any noticeably appreciation on your bottom line unless you happen to be extremely fortunate.

Moreover, the price of the software is prohibitive. Think about it, when was the last time you purchased any software over $100.00? Who are they trying to kid?? Here's an interesting clip I found on the topic. Excuse the relatively poor quality, but it does seem to drive the point home. (If you can't see the video, click here)

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