The Bi-Weekly “ Equity Building ” Program

$ave “tens of thousands of dollars” and cut your loan Term by ONE-THIRD (1/3)

Exclusively for Alliance Financial Network Customers

 

Overview:

We have a program that will build your home equity by 300%.

The Bi-weekly program.  It is a program.  It is not a mortgage.   There is no approval process, no refinance, no credit report, no appraisal needed, no refinancing.  Just sign up, select your program choice and pay the enrollment fee.

Enclosed you will find an Interest Savings Analysis.  Please read it carefully, it has been personalized just for you.

Over 90 Million homes in the United States have 30-year mortgages and why not, the payments are low and it makes qualify for the loan easier.  However; there is a nasty little word called compound interest that cause loan repayments to exceed the original borrowed amount by 2.5 times.   If you borrowed $110,000 at 8 ˝%, over a 30-year period you will pay in excess of $290,000.  That’s over $180,000 in INTEREST payments.  Or, 264% of your original loan amount.

There is a way to attack this interest and thereby reduce the loan term.  Every time additional money is paid toward the principal, the back end interest is profusely diminished, and the more additional payments are made the better.  The bi-weekly program has a unique system to accomplish this goal without “feeling” it through an auto-debit program.

 The program has two options: 

1.       ˝ mortgage payment debited every two weeks.  There are two months per year that have an additional week.  There is one additional debit in that week (3 for the month).  But, there’s an additional pay period for that week.

2.       Two debits per month (5th and 20th).  This amount is the normal mortgage payment PLUS 1/24th of a monthly payment.  Example:  If the mortgage payment is $1200, the debit will be $600, plus $50 or $650 every two weeks.  

 

The end result is a 30-year mortgage will be paid off in 18-22 years.  Who wouldn’t want to cut their mortgage term down by 1/3?  Everybody does.  By the way, this program works with any loan or loan term, even a boat loan can take advantage.

 Net Equivalent Interest Rate:  By entering into the bi-weekly program and paying off your loan in 22 years instead of 30 years, your Net Equivalent Interest Rate would be almost 3% Lower! (see enclosed Analysis).  Why?  Because you have chopped off 8+ years of mortgage payments and have satisfied the loan early.   In addition to saving “tens of thousands of dollars”, cutting your loan term down by 1/3, you will enjoy a Net Equivalent Interest Rate much LOWER than other people who have not enrolled in the program.  There’s more: By adding just $50.00 to each debit, you will further reduce your term by almost 50%, Save over $90,000 in interest payments AND the Net Equivalent Interest rate would drop by almost HALF!

 

Enrollment

It’s easy, complete a one-page enrollment form, select the program of choice (see above) and pay the enrollment fee of $695.  That’s it!  You will save “tens of thousands of dollars” and cutting your loan term down by One-Third?  There’s a $3.50 PER debit per month service fee.

Funds are transferred via the Federal Reserve System Automatic Clearing House (ACH) into a Trust Account at First National Bank in Tampa , Florida .  Money is protected by insurance from the Federal Deposit Insurance Corporation (FDIC).  Mortgage payments plus any additional payments must be in the bank before the debit date.

Call today at 1-800-817-8743.    Ask for your loan representative or Dan Palumbo.  

 

 

 

Licensed Mortgage Banker - New Jersey Department of Banking and Insurance; Licensed by the Pennsylvania Department of Banking; Virginia Licensed Mortgage Lender