Frequently Asked Questions

Q. I don't own a home. Can I still use Paxeon's system?

A. Absolutely! We have two programs at Paxeon, LLC. One for homeowners and the other for non-homeowners (or homeowners with a lot of credit card and other debt). Both are excellent for eliminating debt extremely fast!

Q. Do I need to refinance my home for this to work?

 A. No. This is not necessary or recommended as refinancing simply spreads out your debt for a longer period of time.

Q. Is this a new concept in the United States? Why have I not heard of it before?

A. No. The financial strategies used in the Paxeon program originated in Australia around 1997 and then caught on like wildfire in the U.K. and the British Isles where people were becoming plagued with 50-year and 2^nd generation mortgages, (which are now offered by banks in America...) Nearly one third of all homeowners in those countries currently use this system.

Thankfully, these ingenious financial management concepts slowly made their way into the United States and have helped us drastically reduce debt and build wealth while at the same time preventing those same long-term problems for those who take advantage of the system. Many fortune 500 companies also caught on to this financial strategy and began using 'sweep accounts' to reduce the Daily Calculated Interest on their corporate debts, saving millions of dollars in the process. It's simply a matter of time until most homeowners will be using this system. The question is, do you want to to wait until its more popular and the price goes up, or do you want to be smart and make your choices independent of the herd and be out of debt years ahead of everyone else?

Q. Why can't I just make extra principle paymens to my mortgage? Isn't it the same thing? 

A. No, not even close. Firstly, each client, due to the uniqueness of their situation, requires a custom plan to achieve optimal results. Paxeon’s Mortgage Elimination program uses algorithms that not only accurately track your progress, to the penny and the day, but also systematically calculate over 100,000 possibilities per debt payment in order to produce the highest interest savings possible in the least amount of time.

Also, if you make additional payments on a conventional 30-year fixed-rate loan, the bank will not allow you to borrow that money without taking out another loan. Paxeon clients who do choose to use a HELOC with our Mortgage Elimination Program, on the other hand, have the confidence that they can be aggressive in paying their mortgages and still have money readily available in the event of a financial emergency.

Q. Do I need a line of credit (PLOC/HELOC) for this to work?

A. No. Paxeon’s Mortgage Elimination program utilizes one of three things:

1) A Home Equity Line of Credit
2) A Personal Line of Credit or
3) An Interest-Bearing Checking or Savings Account

ANY one of these three accounts can be used to maximize interest savings. Because you will put your pay check into this account every month and pay your bills with a credit card, your balance stays lower and you pay less interest.

The Paxeon Debt Elimination Program does not require any of these three above accounts, however, your interest savings is greater when you use an account such as these. A Regular checking or savings account can be used as well.

Q. Do I need to spend less and pay more every month for the Paxeon program to work?

A. Absolutely Not! If you are currently making more money than you are spending every month, you do not need to change your spending habits. Many Paxeon clients that want to pay their home off even faster, do make changes in their spending behaviors, but changing your budget is not necessary. People do not have a lot of extra money to put toward their debt. This is why both of the Paxeon Mortgage Elimination and Debt Elimination Programs have been created with that fact in mind.

Q. What happens if I sell my home?

A. Paxeon’s Mortgage Acceleration program will help you build equity, fast and it is basically impossible to move backwards if you follow your personalized Paxeon plan. If you’ve chosen to use a Line of Credit, it will not affect your ability to sell your home. Also, when you move to your new home, you can use the Paxeon Mortgage Elimination and Debt Elimination programs to pay off your new home and other personal debt faster and save thousands of dollars in interest.

Q. Is this the same as a bi-weekly payment system?

A. No. Bi-weekly payment plans can only trim about 7 years or less off the term of a mortgage, resulting in far less savings. The Paxeon system usually saves between 19 and 27 years and our average client who is a homeowner saves around $200,000 in interest.

Q. How much does your program cost?

A. The cost of the program is based on the amount of debt savings the program will generate for you among other various factors. The cost, however, does not need to come out of your own pocket if you have a HELOC or PLOC. Using the money from your HELOC or PLOC, on which you would normally pay interest, is not a factor for Paxeon clients either, as our system enables you to bring your effective interest rate down to about 1% or less.

Also, should you choose to pay for the program with a credit card, we can add it to your list of payments and let the algorithm in the system help you pay it off very fast. We make it easy for you to become a client and pay off your debt with Paxeon.

Q. How do I get started?

A. That's easy! Click here to get your instant Free Analysis that will create personalized charts for you to give you an idea of how fast you can be out of debt with our program, then call at 888-479-9086 to have your questions answered or to start eliminating your debt. We look forward to making you another debt-free Paxeon client!