Down Payment Articles & Advice

The 21st Century Way To Build Equity

Here to stay and firmly established in the U.S. mortgage market, biweekly mortgage payments are gaining momentum. First introduced into the U.S. in the early 1980's by several small Northeastern Banks, the idea of biweekly mortgages has its origins in Canada.

This concept soon became the popular choice nationally within less than a decade after it's arrival placing the biweekly payment plan in the forefront of Canada's mortgage industry around 1972 for several good reasons. Consider the following:

1. Most people are paid weekly or biweekly, therefore, it is reasonable to have
as an option "biweekly mortgage payments".

2. On a biweekly mortgage payment schedule, one half of a loan's monthly
payment is made and credited to the account holder every two weeks. This
is equivalent to making 13 monthly payments instead of the usual 12
monthly payments reducing the loan's payoff time.

3. Faster accumulation of equity build up of up to 300%, plus a reduction in
interest owed on the loan due to your prepayment is the result of using a
biweekly payment schedule; that's without any increase to your monthly
output. In other words, you'll get more value per dollar and save thousands
as well; as much as 25% to 30% in interest over the life of the loan.

Combine the benefits of a biweekly payment schedule with a union between an Electronic Funds Transfer (EFT) mode of account servicing that is governed by Regulation "E" of the Federal Reserve to a plug into the internet and you will find a super-efficient, safe, consumer-friendly method of paying a monthly obligation that won't take a huge bite from one paycheck. It doesn't take nuclear physicists to understand why this type of arrangement is frequently referred to as the "Common Sense Mortgage".

Now that there's breathing room because money has been "freed-up" and also saved by using a service such as this, go on an excursion for some sunshine, sand and surf, have dinner at a five-star restaurant, or better still, invest in your financial future. It's your money. Once you've tried this equity acceleration program (EAP) for yourself, you'll realize its value.

With more available choices, creating enjoyable lifestyles and looking out for your family's financial well being is easier today than it ever has been. The bad news is that time is not on you side with a standard monthly mortgage payment on a 30 year loan. As a matter of fact, you are not getting the most for your money. The good news is that help is here; the technology does exists giving consumers unparalleled conveniences plus an advantaged boost.

Better Business Bureau (BBB) member, Bridgeco Central (BCC) is a distributor and national service provider in the U.S. of the on-line resource the Mortgage Manager Hi-Tech Mortgage Payment Service. To obtain an application to apply for the biweekly payment service at no cost visit http://www.eMortgageManager.net. A password-protected mortgage-auditing program is also included at no cost to the consumer after 6 months of using the service. Welcome to the 21st Century.

B.F. Boggan is a US distributor and service provider of the Mortgage Manager Hi-Tech Mortgage Payment Service that reduces loan payoff time and saves the homeowner thousands. Guaranteed.

Related Pages

Mortgage Companies - Find mortgage companies online and save on your mortgage - Sources for online mortgage companies - Save thousands by avoiding paying private mortgage insurance.

Mortgage Brokers - Shop these top lenders for comparison quotes.

Selecting The Right Mortgage - How to choose the right mortgage based on your lifestyle - Advice on the best mortgages for different phases of life, future income changes, and risk levels.

Down Payment Leverage - Avoid PMI with a two-loan strategy. How to grow your equity faster.

Online Lenders - Tips on evaluating online lenders and their offerings.

Refinance- Tips on when refinancing is the right decision - How to avoid paying points and other lender fees.

Home Loan Online - Discover the best ways to get the lowest rates - Links for checking current rates.

Loan Directory - Complete home loans directory for thousands of loan products, mortgage companies, brokers, and lenders. Search our loan directory by keyword or by category for complete listings of all things related to mortgages, home equity loans, refinance, and more.

In The News

	Web Home-Loans-Help.com