Harj Gill is the Australian real estate economist & consumer advocate of home owners has brought up this concept since 1997. The Australian banking mortgage & real estate industry is very similar to the United States. However, there is difference. When this banking concept was introduced in Australia in 1997, many banks have offered this type of opportunity to home owner consumers. Saving them tons of money from interest. Unfortunately, most banks here in the United States don't offer this type of opportunity to consumers. Some American home owners that were lucky enough to acknowledge his concept have legally cheated their mortgage against the banks in order save more money from interest. The problem about American bankers is that they don't want to exposed this concept to many home owner consumers. They fear of a huge foreclosures in eyes of lenders, bankers & real-tors alike. Meaning that they would lose your property as their commodities & that in the future you wouldn't see a lot of real-tors selling houses or lenders offering loans from the banks to home buyers due to slow business. There will be a consequence to this problem, but the good news is many people will own there home years sooner! If not, then probably 30 years later..........

There's always a reason why I would say the American banking system is so corrupt that it's willing to bankrupt the American dream of owning a home. So they can lose there home then sell it to another home owner there gonna be making money out of! It's vicious cycle that'll repeat itself over & over again..........

What's the difference between a regular sub prime mortgage & an equitable HELOC? Sub prime loans would take up to many years to pay off! That's because the loan itself is driven by the derivative balance of compounding interest! For you to pay the value to two homes or a little more of it for the next 30 years! PLUS! Principle, Escrow & Estate Taxation fees are added to your monthly sub prime mortgage loan! Make it to obvious to you that you'll never going to pay it off unless you've won a lottery! A HELOC has a reduced principal with low low interest rate! Using a HELOC to consolidate your mortgage debt would save you lots of money! PLUS! No Escrow & Estate Taxation fees added! Just a regular flat Tax rates they charge on Credit Cards!

In Americas real estate industry you are told that your property is not an asset! Harj GiLL is like the Karl Marx in the real estate world would turned that around! His help half of Australia paid off their mortgage by changing the banking system in the country! But, what about the United States?..........

Check Out another Educational Link about his concept introduced here in the US!
http://youtu.be/wNTaG_aDHLA

ESSENCE OF BANKING: SLAVES TO DEBT
http://youtu.be/2B_SxGmSJP0

“Remember that from an investor's point of view, the value of a home is not the home itself, but the debt the home creates and shackled the homeowner to, worth many times the cost of the actual house! That debt, which is pure profit, is sold to Americans as the 'American Dream'; to work 30 years to pay the bankers many times what the house actually cost!”

In other words, the typical mortgage using the example provided of a loan amount of $250,000 at 6% compounded interest will result in a return of $532,867. This debt is what the banks desire, not so much the collateral which is subject to fluctuations. The objective becomes to re-establish ownership during these crisis phases, called foreclosure, and then re-lend money to another buyer at a higher price. The home becomes a trap for those who cannot honor the terms of the original agreement based on false valuation, and a vehicle to incur even more debt as the home is essentially forced into a series of new transactions, all of them profitable endeavors for the banks who never actually relinquish control or ownership of the property.