About Money Principal Group and The Mortgage Eliminator. Revealed at
PDXLOan.com Money Principal Group Company History
In 2001 our founder immigrated to the United States from New Zealand. While evaluating various businesses and relocating his family, he discovered that the average American was overwhelmed with debt and a poor mortgage vehicle. During 2002 and 2003 the founders of Money Principal Group spent many long hours in discussions and meeting with many of the premier lenders in the United States. The thought was to have a “large bank” offer the mortgage vehicle and education that was so dearly lacking in the US market.
Unfortunately, assisting the average American to get out of debt is philosophically against how banks make their profits from consumers. In the end it was decided that the only way to make these products available was to build a new vehicle for the American market... [more at the above link "PDXLoan.com - October 2005 Archive"]