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The Biweekly Mortgage · PDF file 2020. 3. 14. · Modern biweekly way 23.83 $42,079.60 4.55% 24.22% Modern biweekly way with additional $2 per day 21.08 $59,464.33 3.95% 34.22% Let’s

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Text of The Biweekly Mortgage · PDF file 2020. 3. 14. · Modern biweekly way 23.83...

  • The Biweekly Mortgage Association

    “Serving Homeowners with Confidence, Verification & Trust, since 1984”

  • We Help You Reach Your Goals!

     Dream Home, Investment or Vacation Property

     Send Your Children To College

     Retire Early, Build Wealth Make Your Mortgage Work For YOU ~ not your Banker!

  • The Problems

    Consumer debt has reached epic proportions!

    1. Consumer debt is at an all-time high

    2. Consumer Savings are at an all-time low

    3. Total bankruptcy filings remain at historic highs

    4. Senior citizens still have mortgages and credit card debt

    5. Pension instability

    6. College education costs keep climbing

    7. Housing is expensive

    8. Health care costs

  • The Solution

    Consumer debt reduction!

    1. Proper planning involving your resources

    2. Gain Wealth by Accelerating the payoff of your debt

    3. Pay yourself first on a consistent, automatic basis

    4. Make small, consistent pre-payments to your loans

    5. Become an interest-getter not an interest-payer

    6. Start thinking like a banker

    7. Everyone qualifies – it’s easy

  •  Oldest Biweekly Plan in America  Eliminate PMI and apply to principal  Build equity 2 to 3x faster  Save thousands of dollars in interest charges  Shorten your loan – make less payments  Verify all payments – auditing  No credit check  No refinancing necessary  No appraisal  Keep your same lender

    Plan! Prepay! Payoff! Invest the payments!

  • How It Works  Divide total monthly payment by 2 and pay this smaller

    amount every 2 weeks (14 days) instead of a big monthly payment

     26 half payments a year = 2 additional half payments

    directly to the principal loan balance each year plus any optional additional amount to the biweekly.

    The Preferred Biweekly Payment Plan will help you reach your goals. Become a wealthy homeowner!

  • WHY make Prepayments? Prices of homes keep climbing & payments go up. Higher prices mean more of your hard-earned dollars go to interest charges.

    Example: Remaining balance after 10 years of payments on a $150,000 loan at 6% interest for 30 years is over $125, 527 Homeowner made 120 monthly payments (10 years) at $899.33 per month for a total paid of over $107,919 Equity in loan after paying $107,919 is only $24,472. We call this the “old-fashioned way” of paying for your home…..and in our opinion not a very good way to get ahead financially. Would you agree?

  • A BETTER way……The modern Preferred Biweekly way!

    $150,000 loan amount, 30 year term, 6% interest, $200 escrow account (taxes, insurance, PMI) term --yrs interest saved effective interest rate % interest saved

    Old-fashioned way

    30.00

    -0-

    6%

    0%

    Modern biweekly way

    23.83

    $42,079.60

    4.55%

    24.22%

    Modern biweekly way with additional $2 per day

    21.08

    $59,464.33

    3.95%

    34.22%

    Let’s do your Loan Analysis and find out your savings! You will be amazed how easy it is to save thousands!

    You will get good service ~ making sure your

    mortgage payment is not late.

  • Regular Pre-payments Make Sense!

    Go it alone – no system Proven biweekly system

    hit and miss consistent savings risky – no auditing Confidence, verify 24/7, yearly audit

    Difficult – bigger monthly Easier, smaller biweekly payments

    Solution ~ a system of prepayments done by experts.

    You are a Client For Life with BWMA! An experienced Biweekly Payment Loan Servicing Company is standing by ready to help you reach your goals....

  • We turn dreams into reality . . . one biweekly payment at a time. Our Most Important Client is You!

     FREE 800# client support.  FREE Mortgage Auditing upon request.  FREE start and stop, increase, or change capabilities.  Website access to your biweekly debits and lender payments.  Double coverage - Your funds are insured by the FDIC. The

    Electronic Funds Transfer Act (Regulation E) stipulates that consideration must be received for an electronic debit ensuring it is the safest money in the world.

    BWMA is a Member of the Better Business Bureau – A+ Rating!

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    “ Regulation E ” ensures that electronic money (EFT) is the safest money in the world.

    “Offices Coast to Coast”

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  • Let’s take a close look at Equity~ “Equity is an asset, your mortgage is a liability”

    1. Loan Equity -- the guaranteed amount of ownership in your home from making the payments to the principal amount of the loan.

    2. Appreciation Equity – the amount of ownership in your home from

    increases in value due to inflation, demand for housing, improvements, etc.

    3. Total Estimated Equity – loan equity added to appreciation equity. Example: Preferred Biweekly Payment Plan, $150,000 loan amount, 30 year term, 6% interest, $200 escrow account (taxes, insurance, PMI),

    Using the 3% annual historic average inflation rate. Starting Property value $165,000.

    5 Year Total Estimated Equity -- $63,100 Total Estimated Property Value -- $194,149

    10 Year Total Estimated Equity -- $118,043 Total Estimated Property Value -- $225,072

  • Summary ~ What’s in it for YOU!

    1. Eliminate MIP & PMI -- lender’s costly mortgage insurance

    2. Savings -- Tens of Thousands of $$$$

    3. Equity – Build 2x to 3x faster – you can’t have too much!

    4. Reach your Goals! Dream Home! College! Retire early!

    5. Enjoy – the confidence of verification & auditing

    6. Rebates – your enrollment can be FREE!

    7. See your biweekly payments as investments

    Put our Professional Service to work for you!

    “Do today what others won’t ~ so you can do tomorrow what others can’t.”

    Build Wealth for the future! Enroll Now!