A couple days ago I searched online for "money merger accounts" versus "speed equity." I got a lot of hits for places in Australia and the information provided seems a little more down to earth than the as-seen-on-TV hype that the speed equity that is being sold with here in the US.
For some reason this whole speed equity thing reminds me of the gaggles of fad diets that are out there. People get sold on a trendy new concept and think this will be the thing that changes their lives for only 4 easy installments of $19.99, but the reality is that in the case of both mortgages and weight loss, it's simple math and ultimately the numbers don't lie. If a particular pay off plan or diet plan provides the motivation to put someone on track to finally succeed- that's great! But I fear for a lot of people it's going to be just one more Billy the Singing Bass that turns out to be nothing more than a waste of money.
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