Tremendous Savings
Do you realize how much you pay in interest charges? Here's a simple example: You have a $200,000 mortgage for 30 years at 6.00% interest. When the mortgage is paid off, the total amount you will have paid is
$431,677. That's more than twice the original amount borrowed. But, if you were using the Mortgage Reduction Plan, you would have saved over
$47,000 in interest charges on that very same loan! It's never too late to join the Mortgage Reduction Plan. The sooner you start the program, the more you will save.
The benefits of bi-weekly mortgages have been promoted by such trusted and prestigious publications as
"CnnMoney.com"1 and "
Post-Gazette
Now"2.