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How to save money on your mortgage!


Posted: 08/17/2012 09:33 am
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A Simple strategy to save THOUSANDS of dollars on your Mortgage!

You will shave years off your Mortgage payoff, you will save thousands of dollars in interest payments while gaining 10's of thousands of dollars in extra equity.
You can do all of this without paying any more than your current mortgage payment, and this system has nothing to do with refinancing your mortgage.


THE SECRET IS TO MAKE BI-WEEKLY MORTGAGE PMTS
STEP 1 is to just take your current Mortgage Payment and divide it in half.
STEP 2 is to pay the Mortgage Company that half payment every 2 weeks.
STEP 3 is to arrange with your bank to allow the Mortgage Company to make an automatic withdrawal payment of an amount equal to half of your current payment every 2 weeks. THE BEAUTY OF THIS PROCESS IS THAT IT IS ALL ON AUTOPILOT.

HERE IS WHAT YOU GAIN BY USING THIS SIMPLE SYSTEM
As an example, assume you have a 30 year fixed rate Mortgage ($200,000 @ 6%) and a monthly payment of $1200 Principal & Interest.


1. SHAVE YEARS OFF YOUR MORTGAGE
Obviously that Mortgage will pay off in 30 years. Making bi-weekly payments your Mortgage will now payoff in 24 years. You will have shaved off 6 years of payments.

2. SAVE THOUSANDS OF DOLLARS IN INTEREST PAYMENTS

Making monthly payments you will have paid the bank $231,667 over the life of the Mortgage. Making payments every 2 weeks you will only have paid $180,360. This is a saving of more than $51,000 in interest payments.

 

3. GAIN THOUSAND OF DOLLARS IN EQUITY

The average homeowner moves every 7 years. With traditional monthly payments you will still owe the bank $179,279 and you will have equity of $20,721. Your bi-weekly payments will have reduced the amount you owe to only $168,460 giving you an equity of $31,539. This is almost $11,000 more equity!

The Secret to Saving Thousands of Dollars on Your Mortgage

If you have any problems with your mortgage lender or bank regarding this procedure - we can help you
Just email: evelyn@homeslascruces.com
or Call evelyn: at 575-650-7224

Share this video with your friends everyone should take advantage of the benefits of this simple process.

Also, if you or any of your friends are thinking of buying or selling a home, give Evelyn a call today!

 

 

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Evelyn Bruder
Evelyn Bruder Las Cruces Real Estate Dream Team
evelyn@homeslascruces.com
(575) 650-7224

141 Roadrunner Parkway Suite 141
Las Cruces, NM 88011

Steinborn & Associates Real Estate (575) 522-3698

 
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