I'm about half way through the book 'How to Own Your Home Years Sooner' - it's all about this topic. So far I'm sold on it because it explains in detail how it all works.
One thing I just learned was that any interest saved (whatever your 1st mortgage is) is interest you don't pay taxes on. Normally under the traditional way of making extra payments you wouldn't really "earn" tons of interest off your mortgage per year. However, with the Speed Equity system you "earn" tons of interest off your mortgage per year.
So, in short...from what I understand - you would need to pay taxes on interest earned from other investments. But, since you are SAVING the interest it's tax free..the more you send to principle and "earn" (save) it doesn't matter...you don't have to pay taxes and also its a risk free investment (ok, that is relative to what you personally believe is risky - I see my mortgage "investing" as very low risk)
This is really only one of the benefits that I read about, but it stood out to me as important. I wish someone else would read this book too!
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