Brixdale.com is an online mortgage company that advertises services such as lowering payments on bills, getting rid of credit card debts, paying off debts within 12-30 months while cutting debt 60%, and paying off unsecured bills through consolidation while avoiding bankruptcy. It also claims to be able to show people how to stop collector harassment and repair credit. The brixdale.com website offers inverse and other mortgages, and other forms of credit and loans.

Apparently the big brixdale.com selling point is an offer to pay off a mortgage quickly by using an inverse mortgage. I do not know all of the details used by brixdale.com plan. However, a typical inverse mortgage plan works like a multilevel marketing plan. For example, mortgage holder #1 decides to join the inverse mortgage plan. #1 is required to pay a full mortgage payment to the inverse mortgage plan before he or she can join. Once the payment is made, #1 becomes a member and since others must also join to make the plan work, #1 talks mortgage holder #2 into joining the program. Half of #2’s mortgage payment is credited to #1’s payment, which is paid to #1’s original mortgage holder by the inverse mortgage plan. For each person #1 refers to the plan, #1 gets a percentage of the payment credited to his mortgage. #2 also wants to have his or her mortgage payments made, so #2 refers #3 to the program. Not only does #2 receive a percentage of #3’s payment, but so does #1. Therefore, there is a potential for #1 to receive credit from several levels of down line referrals.

This type of program also provides the lure not only of having the home mortgage paid off, but of also receiving continued monthly payments even after the house is paid for. I would be very skeptical of participating in this type of inverse mortgage program.