The Secret That Banks Fear
“The SECRET that BANKS FEAR,” by Consumer Advocate Dr. Lisa Rosenberger, is a Financial Masterpiece. Dr. Rosenberger culminates her years of experience in teaching and consulting homeowners how to pay off their mortgages much sooner than they ever thought possible in this empowering book. In easy to understand description and using simple illustrations, she brilliantly teaches homeowners how to use the Hi-$peed Equity Builder¿ - the most advanced Mortgage Reduction System available in this country today. This is NOT about a bi-weekly payment system. When applied correctly, the techniques that Dr. Rosenberger clearly outlines in the book will save you tens to hundreds of thousands of dollars in interest. In addition to the detailed explanation of the Hi-$peed Equity Buildererger educates and empowers homeowners with valuable information in the areas of credit, mortgages, title insurance, escrow, predatory lending and mortgage fraud. If you have a mortgage or are thinking of getting one any time in the future, you must read this book. Take charge and empower yourself with the knowledge of how to get the best mortgage possible and how to pay that mortgage off years sooner and save tens to hundreds of thousands of dollars in interest.
User Ratings and Reviews
3 Stars Good Information, Poorly Written, No Software
First about the book: It has good information about mortgages and terms you should know, especially in the appendices. As far as explaining the key concept of how to use an equity line of credit to pay down your first mortgage, the book does okay, but more detailed examples showing how the money and balances change over a period of time would have been a big help. However, despite what the “official” review says, it’s not very well written and the illustrations are poor. (I’m a professional technical writer, and I can assure you that there is a lot of room for improvement in this book!)
Second, about the software: There isn’t any. The book refers to some software and kind of suggests that you can get it from a web site, but that web site does not exist. See the next paragraph for my theory on why that might be. The book does not say that the software is free, but it also does not mention a price. Can you follow the plan without the software, just using the information in the book? Probably not, but you might do okay if you’re good with finances.
Third, about the author: Harj Gill invented this method of paying down mortgages in Australia some years ago. He met and married Dr. Rosenberger (the author of this book) here in the US sometime after 2002. They worked together. There was a messy divorce. Mr. Gill won the court fight for the intellectual property and copyright (for his version of a book explaining his system). I suspect that’s why Dr. Rosenberger’s web site does not exist — she doesn’t have the rights to sell the software that infringes on his intellectual property.
I would recommend this book if you need to learn about how mortgages work, and the general idea of how you might be able to pay off your mortgage sooner. I would not recommend this book if you want to learn enough to implement such a system yourself. I would not buy this book again.
Filed under: Mortgage Book Reviews
