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For most people, their mortgage is their largest monthly expense. However, the majority
of people are not paid on a monthly basis. You can now sign up for a program that offers
various payment options to meet your needs.
Select from:
- Semi-Monthly
- Bi-Weekly
- Weekly
Most homeowners do not pre-pay their mortgages. It takes self discipline and consistency.
The Bi-Weekly Mortgage Program does this for you in a safe, automatic,and easy to budget option.
The Bi-Weekly Mortgage program is a simple, logical option to reduce the term of your loan
while building equity faster. There are 26 bi-weekly periods in a year, which will be equivalent
to one extra mortgage payment per year. Every penny goes to reduce your principal.
52 weeks-26 bi-weekly drafts-13 payments = thousands of dollars in savings
and on average, people pay off their mortgage 8 years sooner.
The Bi-Weekly Mortgage Program is offered by Equity Plus. The funds are FDIC
insured and paid from the administrator to Ocwen on a monthly basis. To take advantage of
the Bi-Weekly Mortgage Program savings, there is a onetime nonrefundable set-up charge of
$195.00 ($200.00 savings off the normal $395.00 enrollment fee) and a $2.95 service fee added to each transfer.
Call (888) 325-1200 today to save years and money!
- Affordable & Convenient Payments.
You will enjoy the convenience of having payments drafted automatically from your bank account
and the payments are timed to coincide with payroll deposits for easier budgeting.
- Faster Equity Build-Up.
You can build Equity much faster than a traditional 30-year
fixed-rate monthly mortgage payment.
- Shorter Loan Term.
Loans that ordinarily take 30 years to amortize when paid on our program
could reduce their loan by 7 to 9 years and save thousands of dollars in interest.
- Substantial Interest Savings
Due to the faster amortization,
the consumer pays interest on a smaller loan balance and for a shorter period of time,
resulting in significant interest savings over the life of the loan.
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Programs
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