These days, the financial climate seems a bit chilly, to say the least, yet thousands of homeowners are still seeking the best way to get out of debt. What about the mad rush toward the home mortgage accelerator programs? Is that still a good idea? And who can qualify with dropping home values and tightening credit? The answers are probably better than you think.

Becoming debt free in America today is a popular theme. The problem, of course, is the methodology. What really works? What is the safest and fastest way to debt freedom? Removing your monthly mortgage payment forever might be a good place to start.

If you are a typical American homeowner, then you have probably bought or refinanced a home in the last 5-7 years. That means that you are putting out a large wad of your cash each month to pay the interest on your mortgage. Notice that the lion's share of your mortgage payment is going toward interest. That's their profit for issuing you a loan. Hey, everybody's got to make a buck, right?

Banks are banks and you can love then or hate them. But face it; if it weren't for the bank, then you would probably not be making payments on your own home. You would be paying rent. So count your blessings for that interest payment and be thankful to your lender. But understand this...just because you are stuck with a mortgage, does NOT mean that you have to pay every bit of that interest. And make no mistake, that interest is stealing your retirement. Now you can get it back.

I'm not saying that your lender will give you an interest refund. No they won't. Once you pay it to them, it is theirs. Done deal. The big idea is to eliminate as much interest as possible from the equation. If you don't pay it, they don't keep it. But how? The answer lies in your principle. When you pay off your principle balance faster, the lender has less principle balance to charge you interest on. Make sense? They can only charge you interest on the current amount that you have borrowed. When that amount goes down, so does the amount of interest you will pay.

The sticky part is, naturally, how to pay off more principle faster. Well, there are several ways to do that. And friends, you will do yourself a big favor when you start to do them. Be of good cheer, because there are plenty of time-tested and true methods for principle reduction, and a crop of companies and products out there that want to show you the way.

You have probably heard them on the radio, seen them on TV, or read them in the paper. Stop being passive and check them out. Some are just debt consolidation plans or debt roll down plans. Those are nothing more than short term band aids. Some are fancy new loan packages with an accelerator built in. These can be great for you, and can cut down your mortgage term significantly, but the closing costs and administrative fees might be a problem.

If you've done any research into paying off your mortgage, you will inevitably come across the big boys in mortgage elimination. We're talking United First Financial, Sydney Financial Group, Macquarie, and CMG to name a few. Don't be intimidated by the sheer volume of advertisers and agents. And don't allow yourself to be distracted by the naysayers and scam alarmists. These are solid companies with proven track records. They really work, so take the time to check them out. You will be glad you took the time when you see you payoff time and interest load cut in half or more. These folks will help you get your retirement back!

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