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Bi-weekly Mortgage Association
Here's how it works!
The Preferred Bi-weekly MortgageÒ Program is a simple, proven method that helps homeowners save thousands of dollars in interest payments on their mortgage, reduces the mortgage term by up to one-third or more, and doubles home equity about every five years. All this is accomplished by automating a homeowner’s payment method to their advantage instead of the lenders!
By enrolling in the Preferred Bi-weekly Mortgage® Program, your mortgage payments will be made electronically. BWMA will automatically deduct ½ of your monthly mortgage payment plus a debit fee of $3.95 every two weeks – or 26 times each year from any checking, savings, or money market account.
Because there are 26 “biweekly” payments withdrawn from your designated account each year, an extra ½ payment will accrue twice a year. These funds will be forwarded to your lender as an “Equity Accelerator” payment. It is these Equity Acceleration Payments that will dramatically reduce your interest costs and double your equity!
Your electronic payments and withdrawals are insured by FDIC and further protected under federal banking regulation “E”. Under the Electronic Funds Transfer Act your money is more secure then writing a check or using a credit card. How safe are your funds? Safer than the method you are currently using to make your mortgage payments!
If you are interested in a proposal please call or email Marcel McThomas and we will send you the savings using your Numbers. Just provide a copy of your Mortgage statement and we will do the rest. We will email/fax or come out to your home and provide the actual savings based on your Home Loan. This is a great way to save without the cost and time of Refinancing. We have saved hundreds of people money using this incredible method.
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