What Is The Secret?
There really is no secret at all. We just apply the principle of compounding interest and modern banking technology to your advantage. First,
your monthly payment is "split" in half and then electronically debited
from your checking or savings account biweekly
(every two weeks). These
26 "1/2 payments" are the equivalent of making 13 monthly payments a year.
About every six months an extra one half monthly payment is applied to your outstanding principal balance. Your Equity increases faster and the interest charges are reduced. What's more, paying your mortgage couldn't be easier. Debit payments are made automatically and guaranteed
1. Funds are held and transferred by our financial institution.
Annual percentage rate is an interest rate which is expressed as a yearly percentage rate. It can be used for comparing a particular loan program with different lenders. Visit this page to know more about
APR and also browse the other sections especially the
mortgage forum of this website to enhance your knowledge about all other
mortgage related issues.
