Thinking About Refinancing? Think Again..

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Finance Brokerage Group

Thinking About Refinancing? Think Again..

Post by Finance Brokerage Group » Sat May 17, 2003 3:00 pm

Refinancing and bi-weekly mortgages are not absolutely necessary to save on your interest or to reduce the term of your mortgage. Here's a typical example: Rather than the homeowner budgeting a full payment once per month, a budget of a half payment can be made every two weeks utilizing the Mortgage Manager strategy. This time-tested and proven savings strategy restructures the homeowner's mortgage onto a biweekly "schedule" through electronic transfers to give the same savings and benefits of paying the mortgage biweekly without the cost of refinancing or changing the homeowner's existing mortgage agreement.

This simple approach and strategic approach reduces the loan amount much quicker than a "monthly schedule" and builds home equity 300% faster. Additionally, this method also provides a practical paper trail which can be used in case of a lender miscalcuation.

This savings strategy is simple, easy to use and allows quick enrollment into the Mortgage Manager savings program regardless of the homeowner's credit history. This program has truly taken the complexity out of mortgage reduction.

An invaluable, financial tool that no homeonwer should be without.

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