It only sounds like magic. The results are very real.
Since many people are not familiar with the concept of biweekly mortgage programs and why they are so effective, we thought a brief explanation might be helpful.
Like other programs of this type,the Mortgage Managertm is a mortgage payment service. They use electronic fund transfers to debit a homeowner's bank account every two weeks. Biweekly transfers mean that funds are transferred every two weeks, not twice a month. There is an important difference.
When a homeowner changes to a biweekly budget, it allows them to accumulate the equivalent of a 13th payment over the course of an entire year by giving them the ability to make 26 biweekly payments. Funds are forwarded to the lender once per month because that is the only way they will accept and post them. Periodically, the lender will receive the equivalent of 3 biweekly payments to post in a single month, which allows one biweekly payment to be applied to the principal balance of the loan. Funds are immediately forwarded to the lender, not held and applied at the end of the year like some biweekly payment services do. Funds applied directly to the loan's principal balance increases the homeowner's equity as much as 300% or more. It also greatly reduces the amount of interest they have to pay because the lender will be compounding interest on a lesser amount.
All biweekly mortgage services are the same no matter who provides it. However, the Mortgage Managertm is the only biweekly mortgage service that is provided to homeowners FREE of charge. Competitors normally charge rates ranging from $395.00 to $500.00 for the initial setup of the service as well as a monthly service fee. Others charge a percentage of the savings, normally 1%, which can increase the cost for the homeowner to well over $1,000 depending on the size of the mortgage. A typical $100,000 mortgage can bring savings of around $70,000, and a $150,000 mortgage can bring savings of over $100,000.
Many companies charge for the service and then turn it over to our company (or a company like ours), which actually services the mortgage on an ongoing basis. Here in the United States, our biweekly mortgage service is 100% bank and lender approved, so there is no bank or lender that we cannot work with, even private lenders.
So why not download the Mortgage Manager now?!
Want more information? Then read . . .
Of course, saving money is good. But making money is even better. If you're interested in finding out how to make money online, visit Making Money Simplified for some FREE tips on getting started.