Mortgage Savings Plan
Pay Off Your Home Early
If you had the opportunity to get rid of that mortgage faster, would you do it? It might be easier than you think.
The average homeowner is not aware that by enrolling in a bi-weekly mortgage plan and paying 1/2 of your mortgage every 2 weeks, the mortgage term is reduced by an average of 7 years! In addition to that, you would be surprised at how a little bit of money goes a long way.
Let's look at this example:
Barbara has been living in her house for 2 years and owes around $140k. With her current method of paying monthly, her mortgage will be paid off in 28 years. With the help of our consultants, Barbara was able to enroll in the bi-weekly mortgage plan and learned that by applying an extra $50 per pay period, her mortgage will be paid off in 18 years! In addition, Barbara will save over $33k in interest over the life of the loan which reduces her net equivalent interest rate from 3.75% to 2.5%! For the cost of a tank of gas, Barbara is able to cut 10 years from her mortgage and she didn’t have to refinance. This could be YOU!
Underwater On Your Mortgage, We Can Help You Build Your Equity Faster!