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Bi-Weekly Equity Builder Mortgage Payments
If you are currently thinking about putting financial responsibility at the top of your to do list, look no further as this program will help you to accomplish that goal. It is one of the secrets that banks and mortgage investors do not want you to know.
The simple reason very few lenders offer bi-weekly payment programs is because they allow you to pay your mortgage off faster, resulting in a huge loss of finance charges the bank and/or mortgage investor planned on collecting from you.
On a typical 30 year loan with 360 payments, using a bi-weekly equity builder payment program can easily save you 6 years or 72 payments. Simply do the math; your mortgage monthly payment multiplied by 72 is yours to keep. You can pay yourself or you can pay the bank, you decide.
By enrolling for a bi-weekly payment equity builder program the new effective interest rate on your mortgage drops well over one full point. (Example: a $300,000 loan financed at 7.25% using a bi-weekly equity builder payment program would have a new effective interest rate of 5.53% saving $103,574.18 in finance charges.)
Another added benefit of this program is it can help you to eliminate Primary Mortgage Insurance a.k.a. (PMI). Using a bi-weekly equity builder payment program can help you to get to the magic number of 78% loan to value number required to stop paying for the insurance.
We will be more than happy to help walk you through this process.
Once you find out how simple it is to save money and build equity faster you may want to join some of our other clients on paying off other obligations. Many of our clients have converted everything from Autos’ to Recreational Vehicles to bi-weekly payments. Ask us for details and we will show you how.
You can contact us at (888) 518-7078 or use our Contact Us form.
Bi-Weekly Equity Builder Payment Program Example: 30 Year Fixed Rate
